GDA shares starting a bit of a move, up 12.9%, looking thinner again on the "Sell side", with gaps at 3.6c, 4.3, 4.4c, there's been a build up on the buy side of about 1m in top few price levels. CAZ shares have shown some resilience and up 10c from GDA's book value in the deal with CAZ.
CAZ has a few other good projects on their books which from GDA's perspective is worth more than the $200k increase in value of CAZ shares yesterday and today.
from the earlier post... GDA has 2,377,040 Cazaly shares which were issued at a 27.5c value according to the CAZ 3B announcement on the 7 sep 09.
yesterday , GDA's market cap' was about $10m, with plenty of room for further appreciation as the Pilbara iron ore project moves closer, it looks even better than the CAZ Mt C one.
3.5c a key price trigger for further increases IMHO.
GDA shares starting a bit of a move, up 12.9%, looking thinner...
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