watch for the pump and dump

just look at history, this stock is regularly pumped and dumped. every time there is a pump, out come all the comments about announcments, results , good news, insiders buying blah blah. of course, never say never, but the previous pumps have, in the end. only led suckers into the stock (but of course giving those who are fleet footed, the chance to get out

notice the similarity, between this pump, and the pump at the start of the month - the stock was relatively quiet for the opening hour (or whatever), and then the buying started. to watso it appears to be very co-ordinated. no wonder the west (australia) is viewed as being full of cowboys. indeed, on the news the other day, there was a segment, about the high level of the lack of disclosure from west australian companies, and watso hazards a guess, that this is very much from the spec end of the market.

of course, there is some news on the way - the annual report, the notice of annual general meeting - but the annual report does not contain anything that is new. the results for the drilling for the iron ore, will obviously in the pipeline sometime - but even there, the caz drilling probably finnished only about 1.5 weeks ago, so there is a good chance that they have not even started to assay the samples. anyway, with caz holding 80%, and a lower market cap to gda, then this pump has nothing to do with the iron ore results (no one seems to be interested in caz).

there is even less chance of any results from parker range being available. indeed, it may well be that the drilling is still in progress, but whatever the case, in the end, the drilling for gold at parker range is far to limited to really have anything more than a short term affect on the share price.

as far as chinese whispers are concerned, do not believe anything till it is announced, and have a good read of the detail.

always keep in mind "buy the rumour , sell the fact" as the any announcement might well disappoint"

this stock does not lend itself to "warren buffett" style of investing as there is no underlying resource that justifies the share price - this is pure gambling, and with a market cap of $20m, this stock is a joke