hcy and gda....

was just considering the fate of companies such as the above.

Wondering why the ASX allows such no hopers to exist alongside RIO, BHP etc in the same index. I guess the listing fees are the reason for that.

Considering GDA, it has plenty of tenements, it has a large database of geo stuff and at the last quarter $90,000 in the bank. How is it possible for a company in this position to pretend it has any chance of actualising any of its goals? placement after placement, no activity after no activity, year after year..... what's the bloody point?

No, I'm not a holder of GDA, but I do have a small number of HCY - and I can just see it going the same way as GDA. HCY's current spp will be a total flop, the announcement of two days ago seems only to have sent the sp backwards, and it's set to go on that way.

How can companies with virtually no money in relation to their needs be allowed to carry on as if they were a viable business? Simple, because they are in the great lottery aka the ASX. It gives them a status they don't deserve, and that's proved by their year on year results. Mostly a lack of them.

well, how long before HCY is also sub 1c?