i'm bored!, page-2

lol - you are dreaming

gda have been hinting at doing some mining for donkey years. you can go through the reports yourself.

the price of gold goes up, and so do the operating costs.

one way or the other, sbm will mine the few oz that gda have. it is all a matter of striking a balance between the competing business needs.

gda will have to look at a low cost (but low recovery) operation, or send their ore to the sbm mill (which seems to be underutilized) - which is higher cost, but higher recovery.

at best, gda will get a few million dollars, which will give the company some breathing space for about one year - one year, where there will be no capital raisings.

the company has not extended the closing date of the recent capital raising and according to a company announcement the following is relevant


"ASX notified of under subscriptions on or before 10 June 2011"


ok, the shortfall, should be announced tomorrow