Ann: First Payment Received for Ulysses Ore, page-14

Gold has been hammered in the past 30 days, losing 11% to settle friday at $1159.60.

Understandably, GMD hasn't escaped the follow through carnage, down by 30% over the same period to close Friday at 2.1 cents, including that day's 12.5% slide on relatively low volume.

The wind just got taken from GMD's sails.

The timing could have been better. The fall in the price of gold takes a lot of cream out of the Ulysses mining project. For sure, it's still profitable at current prices, but were gold to keep falling, it would start losing dough. I hope GMD is moving rapidly forward with the project. A few pertinent comments from management to long suffering shareholders or simple sensitivity analysis wouldn't go astray.

Someone said results from the Viking drilling campaign are imminent. Perhaps some comments about Ulysses could be included in any statement.

As for Viking, the company has been spruiking the tenement as "highly prospective" but I recall the results from drilling a few years ago weren't crash hot.

I'd be a happy punter if they struck Lasseter's reef or El Dorado, both no chance.

Hope springs eternal in the punter.

But GMD's expensive efforts could yield uneconomic intercepts and assays.

I was hoping Genesis would be the start of something positive but the balance of probabilities has shifted quite some way into the 'what on Earth was I thinking' zone.