siam'p Your thoughts would be valid if they (GDA) had no tenements but as you research GDA to find out why investors are buying,you'll find it is about tenenemts and pending iron-ore and gold results. In fact I still think most (some or lots ?) investors haven't even checked out the asx announcements as there are scores of posts on hc that are not aware of details that are contained in the last 6 months asx announcements by GDA because of what they are asking about, and that's ok,we all have different ways of coming to the conclusion to invest or not. Mine just happens to be primarily research. Probably the most assistance I can offer is to copy and past a post I did on the day the news that came out that triggered the market activity which involved GDA providing an exploration update. They do in fact have more than a few good tenements and the bonus share and free attaching options are simply an incentive by the company to get shareholder support for the cosolidation.I don't normally support consolidations but this one is a good one. Anyway, the GDA story has progressed much further and the news is old news ,just not widely known about by the broader Australian market still. If you are interested here's one of my early posts which I hope you find of interest. If you do , there are a number of other posts I have made that you might view to either confirm your original observations or change your opinion. the post hereunder......cheers fatstocks. PS,siam'p, The post below has only been viewed 396 times and probably half of the views are repeat visits which illustrates only about 200 people out of the 7,000 -8,000 or so who log on to hc actually go back and research previous posts on hc and find out what the observations were at the time that might give some insight into what the company re rating might be about. How many investors are there in Australia ? And only 200 to maybe 500 are reading posts about GDA and I suspect most ivestors haven't even heard of the bonus and free options.It's just a benefit of being a hc user that you and I can read these posts and get more info upon which we can decide to invest our hard earned dollars or not. Most people investing are guided by brokers or by reading asx anouncements or reading the business and sharemarket comentary in the print media. That'sthe beauty of being in this great democratic country of Australia, we have choice.
The post....
review of exploration update and trading Forum: ASX - By Stock (Go Back) Code: GDA - GONDWANA RESOURCES LIMITED (Google GDA) 04/01/08 19:06 (View) Back Post Reply Options: fatstocks Post #: 2427669 Start of thread: IP: 59.100.xxx.xxx Sentiment: Buy Disclosure: Stock Held Views: 396
My thoughts on today's exploration update and trading.....
It was a good finish today wasn't it, there were some big sell orders eg, 4 sellers for about 6m shares just before close. closed with 45.9m in buy side with only 29.8m on the sell volume. I think a lot of buying was done without the knowledge of the assets and pending news. When traders find out more about the tenements and the benefits in the bonus issue by holding the main share (GDA), the genuine momentum should kick in. Normally a share consolidation will not see a price go up like it did today. Lot's of good news........... The company will now have secured a cash injection from the rights issue.I haven't worked it out yet but the conversion of options was recently reported which increased the cash inflow and with the price increase, the rights issue will be fully subscribed with a closing sp of 3.1 c today, now giving the company more cash than it planned which is excatly what Gondwana needed at this significant point in the realisation value in progressing analysis and moving closer to mining their assets. In the exploration update today, I was initially disappointed in seeing some of the pilbara tenements relinquished, but they have kept 4 in the area and I look forward to finding out more about them (location, geology , target minerals and exploration plans). The really good news is the confirmation of success in the Parker Ridge Gold Project which Gondwana has been working away at quitely for some time. The confirmation that 20 tenements are now secured is great for shareholder value and gives the directors confidence in where to from here. First cab off the rank would be to get the results from the 11,544 samples they have collected ( yes, 11,544 !), 50% of which have been submitted for assay. Gondwana have been perservering with targetting gold in parker ridge for some time so the fact that quote...."preliminary results of the program are expected to be available for release later this month" will keep me glued for news on the computer screen. I still have a lot of researching to do but the value is yet to come from what I see in the information on the company website. Today's news talked about some of their tenements, their uranium, gold, iron ore targets and gave some advance notice of iron ore and gold results news this month. That should increase the market interest in Gondwana following todays initial response to the good news. Philosophically I applaud the management for increasing their communications with the market, many of us really appreciate it. There are many mining companies that only report when they are obliged to under asx rules and ignore the needs of shareholders to be informed. Once again, thanks Warren and keep up the comms. The market reaction today confirms the need for regular market updates when a company like gondwana has good things happening. Like I have said before, no point having something and no body knows about it
GDA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
(20min delay)