GDA 0.00% 27.5¢ good drinks australia ltd

gold price escalation and revaluation

  1. 3,267 Posts.
    The gold tenements GDA has in WA which are the subject of a results announcement some time shortly, could be a surprise if the increase in the gold price in 2007 is recalculated in the announcement....?
    I copied and pasted this extract from the press release tis morning form PRE regarding an asx query on their stock volume and price increase.....

    extract....
    "The Directors are of the view that given the
    exploration results, in a market where the gold price has escalated significantly over a short period of time, it would not be unusual for investor expectations as to the value of the Company to positively reflect that change".
    ....end of extract.
    Something to look for in the GDA anouncement we are anticipating in next week or two.
    cheers fatstocks.
 
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