ann out -update, reconstruction proposal etc.., page-42

Well when I said shareholders had been GDNed (Goddam Nigerian Scammed) Datz said that was downramping - me thinks a pretty accurate statement of fact.

Not much more to add on what has already been said about this remarkable announcemet.
One noteworthy part of the ann was:
'It is also proposed that the directors of the Company will have an ability to participate in the proposed $3.2 million capital raising and will each be issued 20,000,000 options on the above terms (subject to shareholder approval).'

Love the line 'Directors have the ability to participate' -not Directors are planning on supporting the capital raising by investing their OWN CAPITAL. And the FREE options - more insults to those who lost money on the previous options by BUYING worthless options.

Also, did I miss something or was this the first time they have informed the market of the lease expiry in May 2011?

Astomishing stuff. When there is a carcass, out come the vultures so that a raises a very big question mark on any new parties associated with GDN. When Sciano leaves to head up IN A MESS resources, and the new guy paints a new bright future be very very careful and be very sceptical