Ann: Appendix 4D and Half Year Accounts , page-7

This company is too top heavy. I swear they are in business just to pay themselves a wage. Sold off all their good assets early on and now wasting all the money they keep raising. GAA is a joke. Last year was one of the busiest years in exploration yet they failed to make money. IMO they have no idea how to run a business. No I do not hold but did a year ago when they where trading at 4 cents. I thought that was cheap back then. Unless UXA has new ownership they are headed for certain bankruptcy. They could sell GAA for about what their market cap is or a bit more. However what then. Waste that money and borrow a bit more. RAPE the shareholders for a bit more money and then go bankrupt. Takeover hope is the only reason you would hold this stock. Maybe get 2 cents a share on a takeover but would think that is a long shot. Wouldn't mind buying them myself if I had the cash. However I would only buy assets or without management as I think they are the problem. I remember trading this stock only 3-4 years ago at 30 cents. Glad I wasn't a long term holder. 1/30th of the value now. Now we are talking a posible TO of 2 cents. What a trainwreck.