GDA - Gondwana Resources

[YOUNG_TRADER]

As the Baha Men used to say, "Who let the dogs out?"

This dogs going for a run, tiny mkt cap now so who knows incurrent U environment, any old company with U tenements gets a run

 

[motion]

well this one paid off in the long wrong... not sure what news has broken but up 35% thats good enough for me... anyone know what happened here ?

 

[YOUNG_TRADER]

well this one paid off in the long wrong... not sure what news has broken but up 35% thats good enough for me... anyone know what happened here ?

I posted about it? :

On a serious note probably insiders and something to do with its uranium tenements, or I could be wrong and its just day traders, either way I took my profit and ran

 

[lioness]

I bought in this anyone else agree it looks good chart wise.

Rock chip sampling looks like it is due in 2 weeks.

 

[mickqld]

I bought in this anyone else agree it looks good chart wise.

Rock chip sampling looks like it is due in 2 weeks.

Yes in today also Lioness. Charts look promising and so does the talk around this one. Might be good for a short term gain in about 2 weeks.

 

[lioness]

Mick next week it should make a move, keep a close eye, I am buying more on Monday. Rock chip samples should be economic u.

 

[Uranium]

Hello,
Does anyone have information on this company please?I have not seen any analysis or charting for gondwana resources.
Dom

 

[Whiskers]

Hello,
Does anyone have information on this company please?I have not seen any analysis or charting for gondwana resources.
Dom

Hi uranium.

I have had this one on the edge of my radar for some time. Until now I have considered it a DOG because from what I can see it has been run rather casually by Warren Beckwith as an adjunct to his accounting business. They have had the option to purchase some very good prospects but Beckwith has been unable to convince people to invest and the capital raisings have failed and consequently the deal to purchase. One recent one was some tungsten prospects that HAZ has now got and looking good.

It has had a few capital raisings... nothing much happens, a disproportional amount of cash flows to the directors, the share value falls, they consolidate the shares, capital raise and on it goes.

But, they have now announced the appointment of a geogoligist as MD with Beckwith staying on as chairman. This is something I maintain has been needed for a long time to advance the company. Actually I think all the old directors should go.

The problem is they are related to another struggling tech company that they founded and divert (loan) GDA funds to until they can get an IPO up and going. That doesn't seem to be going very well either.

There is also a bit of a complicated 10:1 consolidation, two stage share and options issue to complete early next year. I am still evaluating the share price, but until there is evidence of substantial developments, I am still considering the shares expensive in terms of a medium to long term investment.

I cannot glean much from the charts other than it is heading south again, probably as people figure out the proposed deal and balk away from the 1c issue price.

 

[YOUNG_TRADER]

Well this was a nice arbitrage profit for me,

I bought shares pre the rights issue, got 1:2 free shares at 1c with 1:4 free GDAOC options

Got my rights shares today and options

Sold everything for a very nice profit, not a bad way to start the year

The stock was spec and hence I didn't bother posting, but looking back given it was Iron Ore and a spec FDL type stock maybe I should have had a bit more faith


A word of caution there is still another 100m 1c shares to be placed with 1:2 free options (SHORTFALL)

 

[JTLP]

You Kill me YT. How old are you really? Such a worthy investor. You should do a weekly column

Congratulations on the start =)

 

[YOUNG_TRADER]

You Kill me YT. How old are you really? Such a worthy investor. You should do a weekly column

Congratulations on the start =)

lol as you can see JTLP I'm not that good as hindsight now shows I got out way to early,

Still as it was only a very speculative position for me I have no regrets,

Rather I am amazed at how far the 1c-2c stocks will run in this spec market

 

[Uranium]

Hello Whiskers,

Thanks for the in depth reply. As you are probably aware the stock is under a trading halt for past couple of days. Apparently it may be results of samples on one of its projects. Any ideas what it could be?

Dom

 

[krisbarry]

More results are due out soon, GDA in retrace mode at the moment, but this could change very quickly, given past results and the spike in share price

 

[krisbarry]

Finally the selling has stopped, phew! Support building on the buy side. The CEO is in China at the moment, so I hope he can announce a sweet little deal with the Chinese.

 

[krisbarry]

And yes we are now correct. Looking through the Quarterly just released, a new project confirms a base metals project in China, how sweet

 

[krisbarry]

GDA moving up today with some volume too. I suspect some base metals results are on their way. Current share price 2.6 cents

 

[krisbarry]

1 share was bought on the close of trade yesterday at 2.7 cents, from what I understand this is a broker taking up a position in GDA. Good to see a broker has some faith in GDA.

The market depth is looking much more bullish than it was a few weeks ago and volume is increasing again.

 

[Sean K]

GDA moving up today with some volume too. I suspect some base metals results are on their way. Current share price 2.6 cents

So, where are those results STC?

1 share was bought on the close of trade yesterday at 2.7 cents, from what I understand this is a broker taking up a position in GDA. Good to see a broker has some faith in GDA.

The market depth is looking much more bullish than it was a few weeks ago and volume is increasing again.

Broker bought 1 share? Must be developing quite a position, and have faith.... Just HOW do you understand it's a broker anyway?

Increasing volume? Righto...

 

[krisbarry]

Broker bought 1 share? Must be developing quite a position, and have faith.... Just HOW do you understand it's a broker anyway?

:

Lets get one thing straight...the general public using any on-line trading platform cannot purchase 1 share. The transaction gets rejected that how I know this 1 share purchased is a broker. The broker marks a position for his/her clients using the 1 share. This 1 share may represent hundreds of thousands of dollars.

 

[krisbarry]

GDA moving very hard today, up over 50% as we speak. Gold and Iron Ore results are expected early March. Current share price 3 cents