By the way, todays action is in my opinion an over-reaction to...

By the way, todays action is in my opinion an over-reaction to the basic confirmation today that the company will have to go to the market for more funds soon. However, if you followed the progress of GDA properly you would have already known that.

I am not going to comment on GDA management other than to say they have a history, but it doesn't necessarily mean as a whole they don't have their eyes on making their company profitable. The bottom line is for almost all of these speculative miners, directors would be much better off financially if the company did succeed. Saying that I have definitely researched and found a number of companies used purely as vehicles to offload useless privately owned moose pastures where directors have links with those private companies. I have never researched GDA to this level so cant comment.