wallal downs iron ore fast track, page-15

Fatstocks.

So from your previous post they are pure exploration company.

In your opinion, would GDA be better off in its current status (as exploration) or would there be significant benefit if they also processed/ mined.
(i didnt realise that there were companies that did pure exploration.)

Also Fatstocks do you read the financial statements of GDA? im bit worried, their has been significant increase in both cash assets and current liabilities for 2006 financial year. This must be incurred from exploration and equipment expenses. currently liabilities outweigh assets. and debts are mounting.
Recommend a few ppl question the directors about this.
(you said that capital raising may become tax deductible, i think previous post somewhere, when does that come into effect?)

cheers
CMD