watso recommences coverage of gda, page-11

just as well, that the team at watso corporate are still covering this future blue chip. having said that, it is indeed a millstone upon watso's neck, to provide this service. if only fatstocks would resume his coverage, then watso could have a bit more fun.

the company has released the quarterly, and once again, have offered a hint, about future production - but this has been hinted at a few times, over the past half a dozen years, so until something actually happens, then there is not much point in taking any notice.

in the first post in this thread, watso mentioned the following

"An analysis of the half yearly report, indicates, that , despite recently raising $1m , the company is , once again out of funds, and is possibly being kept afloat by short term loans.."

and in the quarterly, it seems that the company had to borrow an extra $216,000 - just to show that he company still had $205,000 as a closing cash balance. as far as borrowing is concerned there were $156,000 in interest bearing loans at june 30 - so borrowings should now be about $370,000 - plus there would be outstanding trade debtors.

the company will have a prospectus issue, to raise $1.2m - that could be a 1 for 4 issue at 1c - which would probably fail - so it could be a 1 for 2 issue at .5c - or maybe a 1 for 3 issue at .75c.

it sure is a tough life for explorers. at least gda have been operating with the same name for donkey years, all the while providing investors, with a tax deduction, for losses