iron ore results due north of fmg cloudbreak

will be a massive couple of weeks ahead for GDA, with iron ore exploration results overdue on the Mt Caudan JV with Cazaly (for those who have watched GDA the last set of results sent GDA 400% higher in a matter of days)

also what caught my eye is the upcoming results from their eastern pilbara sampling program, where their tennements sit just north of the massive FMG Cloudbreak Iron Ore Deposit, as has been seen by the run in FDL, any sniff of iron ore will send GDA off to the races.

and finally at the end of the month GDA is having a 10-1 stock consolidation and a free bonus share/option issue, and from experience shares tend to run higher leading into a free bonus issue.

with most of the spec plays, volume tends to prelude an announcement and there was certainly a volume spike in GDA on friday, just look at the last 6 months on the charts each major announcement was preluded by an increase in volume, wouldn't surprise to see an announcement sometime next week.

with confidence returning to the market it won't take long for the money to start flowing back into the spec sector and companies that report positive news will be heavily rewarded.