what's the corunna deal worth to gda?, page-5

watso has to agree - the numbers are realistic.. ie no where near pie in the sky stuff - and early results support the notion.

the problem for gda holders, is that capital raising's will dilute equity. just to scratch around a bit, and to pay for golfing fees, costs any asx listed company a minimum of $2m per annum.

assuming that there is something at corunna downs (most likely - and the expectations of 30m tonnes is a reasonable starting point) - but who knows, it could be another 3 years, before any mining happens... and that means equity raising's for gda

all in all - at the present price - a fair punt.

back to the matter earlier raised by watso - and the lack of a relevant announcement. it is too long ago for watso to recall the exact details, and outcome - and watso cannot be bothered to try and find out - but there was a court case about a lack of disclosure of exploration results - from memory it had something to do with exploration results (maybe something like soil samples - but not sure) from something or the other, which ended up with the discovery of the cosmos nickel (?) deposit .

watso is not sure what the outcome of the court case was, but from memory, the people who lost money, got a pay out (could be wrong).

if anybody is interested in what watso has posted, then , and from the best of watso's memory - the matter involved jubilee mines , kerry hermanis against the people who could have made a motza - but they sold, without being aware of exploration results... the reality was that the results were pretty ho hum, and nothing out of the ordinary - but the company did not announce them