one year ago, on 20 aug 2007, gda closed at 7.9c. (was really...

one year ago, on 20 aug 2007, gda closed at 7.9c. (was really 0.79c - but one has to allow for the consolidation)

the reality, is, is that gda have performed remarkably well over the last year - as a holder at that point in time, could have taken part in a capital raising, and sold a few shares and options, but even if he did not take part in the capital raising, he would still have received some free shares and options

looking back, all of watso's funds should have been invested in gda - one year ago. gosh - people had funds invested in the likes of babcock and brown, centro, becton property, etc etc - where they would have been cleaned out.

just do some simple sums - if a person bought 100m shares in gda one year ago, that would have been worth $790,000. even if a person did not take up the issue at the end of last year, then that would now be the following

11250000 shares at 9.5c = $1068750
6000000 options at 3.2c = $192000

total $1260750

total gain 60%

the reality is, is that people who knock this stock have rocks in their head, or a void between the ears (how can a "void between the ears", equate to "rocks in the head")

superannuation funds, and pension funds, should have been investing in gda. to make sure that there was enough stock to satisfy the financial needs of these funds, the company should have had a 10m for 1 share split, instead of a 10 for 1 consolidation