re: Ann: Media Release - Quarterly Activities... StefThis deal...

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

This deal issue will go around in circles forever and the issue is greater than the deal itself, it?s a difference about strategy and execution.

You incorrectly assume this deal was the only option for GDO, when in fact it was just one of many possibilities, including asset sale, royalties or JV. Possibilities are endless.

The point is we are spending time, money and resources on a deal that we didn?t need. Most certainly not at this time.

To be conservative and kind, let?s compare this deal against no deal at all !

Deal
1)Senior management diverts focus away from essential ME ramp up activities
2)GDO undertakes costs to execute the deal
3)GDO uses internal and external human resources to execute deal
4)GDO moves Megamine and SubNigel out of GDO, into Goliath
5)GDO removes 4m of earnings and from GDO, places into Goliath
6)GDO drops from a 20m oz company to an 8m oz company
7)GDO receives $0 in cash for megamine and subnigel asset
8)GDO gains another JSE listing, whilst already having an ASX & JSE listing
9)GDO gains more exploration ground
10)GDO announcements show slippage in poured oz?s since Goliath announcement
11)GDO does not meet market expectations and share price suffers as consequence
12)GDO value slips while stripped of assets and earnings

Is the deal so compelling that we needed to rush into this deal, at this time?
Of course our answers will be different.
Mav