is she going down the gurgler....

is gda going down the gurgler, is gda finished ?????. well of course not, but the asx did pose the question to the company (see relevant announcement). what is interesting, about the response from the company , is that they still have $600,000 worth of investments. this would equate to about 1.5m shares in caz.

in Post #: 4995357, watso mentioned

"down to the last $250,000. it does seem that the company has sold $128,000 of equity investments (most likely some caz shares - maybe about 500,000 shares). also it seems that about $120,000 was raised from some holders converting options.

maybe the company has about 2m caz shares - so will they sell these, or go for a capital raising. a one for 2 issue at 2c would riase enough funds for the coming year"


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well, it does seem that the company has sold another 500,000 caz shares. a great opportunity for the faithful to cough up in the next capital raising, which will increase the issued capital to about 500m shares