re: Ann: Media Release - Quarterly Activities... Mav"The outcome...

re: Ann: Media Release - Quarterly Activities... Mav

"The outcome is simple,
- GDO loses 12M o/z"

No GDO retains 74% of this resource via holding and controlling Goliath. 12M oz resource sounds great but the reality is it is worth zip if the CAPEX and operational costs are high.

- "GDO loses 4m a year in earnings"

Goliath gains 4m in earnings and a training facility that GDO no longer needs. Again GDO will own 74% of Goliath.

- "GDO loses 80m effective mkt cap"

This is about the point your post becomes ridiculous. Please explain where in the current MC value is attributed to the Megamine assets. The key point of this transaction is to isolate and develope the Megamine assets to establish some value for shareholders.


(- "GDO loses a cash producing key asset, megamine"

Cash Producing Key Asset? Are you serious? Megamine is likely to be a high cost marginal operation at a gold price under $1000US per oz. (and I am not in the business of predicting a future pog)


- "GDO loses time, money and focus with M&A"

Substantially more time, money and focus would be lost through an IPO. Reverse listing is the best option.

- "GDO gains near bankrupt explorer"

No GDO gains a listing vehicle


- "GDO gains ?hope? disguised as dusty EL?s "

Enough said, perhaps its time your put your script on the sell side?

Or are you still hoping to get more script at a lower price?