GDA 1.67% 29.5¢ good drinks australia ltd

fwu005 watso does not hold sxg - but only uses sxg as a...

  1. 21,227 Posts.
    fwu005

    watso does not hold sxg - but only uses sxg as a yardstick agaisnt gda... if watso had to choose between the two (ie gda and sxg) - then sxg would be the clear winner (at comparitive market capitilizations) . both companies are in the same area .

    sxg has more cash, has more gold. gda need to raise more funds - at least about $2.5m for the coming year (most likely that they will also have to retire debt). an issue at 1c would fail. given the recent share price spike, then a new capital raising might succeed, at .75c, with a free option thrown in

    s
 
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