broker activity this mth , page-14

I would think the relationship between WCU and GDN would be that according to the Top 20 Shareholders...GDN hold 25% and Mike Shumway holds 25%.

Given that WCU are expected to obtain their mining permit soon, feedback to the BLM closed 12th April, are debt free and expect to move ore within 120 days of the permit would bode well for GDN.

If cash raising was required desperately for drilling and collateral needed then GDN could ultimately put up WCU shares.

All this just adds abit more financial stability to GDN, so in my view a healthy/increasing WCU SP is beneficial to GDN shareholders.

As of close of business today...at 24cents...25% of WCU is approximately AUD 6 Million.