for gda holders, that is good news. a royalty of a bit over $1 per ton is $$$$$ 's in the bank - and those dollars will flow a lot sooner, with the deal that ago will have with fmg.
for gda holders, who have been wiped out by the 100 for one consolidation - and who may have bought in at 1c (prior to the consolidation- ie $1 in today terms) - then they will have reason to be upset that the very first lot of drilling by ago, hit the jackpot.
as watso previously mentioned - how come gda have not announced the results from ago - manchicken has a plausible explanation - but that is not a good enough reason.
with the intercepts that ago have announced, then it would be easy to speculate about 30 or 50 million tonnes - which would be a serious revenue stream for a company with such a low market capitization.... and a deal with fmg would make that revenue stream a real possibility
GDA Price at posting:
5.3¢ Sentiment: None Disclosure: Not Held
