trade, page-5

sad sack management runs gda The really sad part about GDA is that they somehow managed to gather some really good claim blocks, In the Pilbara WTE drilled out a really decent gold deposit on claims adjacent to GDA, while GDA dithered.

They spent over a million on Golden Virgin for around 1,500 ounces of gold (GDA interest). Drilling and toll treatment of this claim is a high point in their latest attempt to raise money. Is this sad or funny??

The last fundraising of several million was squandered on drilling around the Virgin and their Yilgarn claims. They just seem as if they cannot get their act together although they came up with lots of interesting stuff. Why would the current fundraising be any different? The current round is only designed to pay for the new claim block and then for a few quarters of drilling.

Issued shares are now approaching one billion and this does not take into account the hundreds of millions of options that were issued in the past and were never exercised. Am amazed that the shareholders actually put up with this treatment. Maybe they should put a broom thru the management and reverse split the stock and get some good geos and management folk into the company to work on what is an excellent claims portfolio. Will be interesting to see how the stock performs if gold drops under $400 in the next few weeks as seems likely.