having reviewed more thorougly the situation
RUN FOR YOUR LIFE
we now have a gold exploration company:
(1) which will likely be 70% owned from the Virgin islands
(2) has as its nominee directors a Mr Waddell ( see the history of TAM if you want this guys track record and a Mr Sloan. Just check out what a fine job the Canadians are now doing of Mr SLoan's previous company PSV.
On top of that we have a gold deposit THAT IS NOT BANKEABLE
now given that GDR needs $40million to get this show on the road, who is going to stump up the money? They cant borrow it so are the Vrigin islands going to finance it
Well I can tell ya all now, if they are the terms will be so onerous that
MINORITIES WILL BE LEFT WITH CRUMBS
oh and by the way Mr Sloan and Mr Wadell and a Mr Bouwmeester are already buying in 22,500,000 shares at 1c, a condition precedent in the DOCA.
The ASX is awash with great opportunities, this one is now for dreamers.
FUGEDABOUTIT
GDR
goldstar resources nl
