review of exploration update and trading

My thoughts on today's exploration update and trading.....

It was a good finish today wasn't it, there were some big sell orders eg, 4 sellers for about 6m shares just before close.
closed with 45.9m in buy side with only 29.8m on the sell volume.
I think a lot of buying was done without the knowledge of the assets and pending news. When traders find out more about the tenements and the benefits in the bonus issue by holding the main share (GDA), the genuine momentum should kick in. Normally a share consolidation will not see a price go up like it did today.
Lot's of good news...........
The company will now have secured a cash injection from the rights issue.I haven't worked it out yet but the conversion of options was recently reported which increased the cash inflow and with the price increase, the rights issue will be fully subscribed with a closing sp of 3.1 c today, now giving the company more cash than it planned which is excatly what Gondwana needed at this significant point in the realisation value in progressing analysis and moving closer to mining their assets.
In the exploration update today, I was initially disappointed in seeing some of the pilbara tenements relinquished, but they have kept 4 in the area and I look forward to finding out more about them (location, geology , target minerals and exploration plans).
The really good news is the confirmation of success in the Parker Ridge Gold Project which Gondwana has been working away at quitely for some time. The confirmation that 20 tenements are now secured is great for shareholder value and gives the directors confidence in where to from here. First cab off the rank would be to get the results from the 11,544 samples they have collected ( yes, 11,544 !), 50% of which have been submitted for assay. Gondwana have been perservering with targetting gold in parker ridge for some time so the fact that quote...."preliminary results of the program are expected to be available for release later this month" will keep me glued for news on the computer screen.
I still have a lot of researching to do but the value is yet to come from what I see in the information on the company website. Today's news talked about some of their tenements, their uranium, gold, iron ore targets and gave some advance notice of iron ore and gold results news this month. That should increase the market interest in Gondwana following todays initial response to the good news.
Philosophically I applaud the management for increasing their communications with the market, many of us really appreciate it. There are many mining companies that only report when they are obliged to under asx rules and ignore the needs of shareholders to be informed. Once again, thanks Warren and keep up the comms. The market reaction today confirms the need for regular market updates when a company like gondwana has good things happening. Like I have said before, no point having something and no body knows about it.
cheers Fatstocks.