GDA - Gondwana Resources

I hope we all caught the action on GDA yesterday. A late announcement last night "Parker Range Drilling Plan" should keep the action firmly placed on GDA again today.

Source:

http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00819692

Cazaly Iron ore drilling results "due to be completed mid nest week with results to be realease as soon as available"

and Parker gold drilling results "expected to be available in April"

please correct me if Im wrong but results not that imminent

for those who don't mind a bit of a short term momentum trade have a look at GDA, volume is always a dead giveaway for an impending announcement, check the charts over the last 6 months, each significant iron ore announcement followed immediately after a volume spike such as today.

also we know via the recent quarterly that GDA are awaiting the iron ore exploration results via their Mt Caudan JV with Cazaly, last time they reported on Mt Caudan it sent GDA's shareprice up 400% in a matter of days.

on top of Mt Caudan, GDA are also awaiting results from a sampling program in their east pilbara tennements, what is significant about these tennements is that they lie just north of FMG's massive Cloudbreak Iron Ore Deposit. Any sniff of iron ore from these tennements will send GDA racing.

and finally the company is later this month consolidating their share register and offering bonus shares/options to all holders later this month, and going on recent experience most companies trade higher in the lead up to a bonus share offering.

putting these 3 points together, adds up to a nice short term momentum for GDA with very little downside from these levels. So for those who don't mind a quick momentum trade check out GDA.

excellent volume in GDA yesterday and as we all know with the spec end of the market, volume usually leads to news.

Just check the GDA chart this year each major announcement has been preluded by an increase in volume like we saw yesterday.

For those who like quick % trades have a look into GDA with several sets of iron ore exploration results due and an upcoming share consolidation and bonus share/option issue, will make for a couple of very interesting weeks for GDA.

looks like action is starting to heat up in the iron ore sector again, with exploration ramping up in the east pilbara just north of FMG's Cloudbreak, GDA will likely benefit from the positive sector outlook. Below is an article from this mornings Melbourne Age.


Junior iron ore stock prices skyrocket
Email Print Normal font Large font May 2, 2008 - 5:46PM



The share price of junior iron ore mining stocks have skyrocketed this week, driven strong Chinese interest in the sector and positive sentiment surrounding Fortescue Metals Group commencing exports in the next fortnight.

Expectations that Chinese steel mills will bend to pressure from Rio Tinto Ltd and BHP Billiton to lift benchmark iron ore prices by up to 84 per cent are also underpinning the bullish sentiment.

Among the top junior iron ore performers on Friday were Aurox Resources Ltd, up 24.34 per cent to 94.5 cents, Gindalbie Metals Ltd gaining 20.88 per cent to $1.10, BC Iron Ltd rising 17.89 per cent to $1.45, and Brockman Resources Ltd adding 12.82 per cent to $2.64.

Shaw River Resources was up 9.38 per cent to 10.5 cents, Territory Resources gained 7.69 per cent to 91 cents, Atlas Iron Ltd jumped 6.65 per cent to $3.37, Fortescue Metals Group (FMG) climbed 5.39 per cent to $8.21 and Mount Gibson Iron surged 5.14 per cent to $3.07.

"The confidence is coming back into the small end of the market," DJ Carmichael head of research Paul Adams said.

"There is a little bit of a tide turning.

"Comments by (US Federal Reserve Bank chairman) Ben Bernanke saying `we might be at the bottom here' have helped and we've seen a dramatic increase in confidence in the small end of the market this week.

"Iron ore is still on everybody's lips.

"Stock prices have been in the doldrums in the past quarter, especially at the junior end. Now people are saying `hang on, now is a good time to get in'.

"People are thinking `I might not just dip a toe in - I might dip a whole leg in'."

Mr Adams said investors seemed to be taking long-term positions and observed selling starting to dry up.

He said companies such as BC Iron and Atlas Iron were performing particularly well, given their proximity to FMG's flagship Pilbara operations and memorandum of understandings (MOUs) to use FMG's newly constructed railway.

"Some of the scepticism around Twiggy's (FMG chief Andrew Forrest's) project has all but disappeared and once it gets up and running, BC Iron have a pretty strong, although non-binding MOU.

"FMG has already set aside some capacity for BC Iron, which has been pretty flat for a long time after a very successful debut, running up to about $2, but it has settled down to the $1 mark over the last quarter.

"It has taken off dramatically in the past couple of days."

DJ Carmichael have placed a $1.85 share price valuation on BC Iron, which will issue a scoping study for an iron ore mine shortly.

Atlas Iron has released a flurry of announcements recently, including a heavily oversubscribed $100 million institutional capital raising and additions to its Pilbara landholdings, which is now one of the largest in the region - at 9,000 square kilometres.

Mr Adams said iron ore attracted a lot of investor attention because it was one of the most stable commodities.

"People know what they've got in terms of pricing.

"Looking at the All Ords, we might be heading away from that bear trend.

"This smells a little bit like a rally."

looks like GDA is in play again today, with iron ore results due next week from their east pilbara tennements which sit just north of FMG's Cloudbreak and BCI's Nullagine Deposits, GDA is certainly in iron ore elephant country and any sign of iron ore will send the shares racing.

What is interesting is the company have already stated they have taken samples from 2 iron rich BIF locales, so there is no doubt iron ore there it just depends on the grades/depth.

there is also a massive wildcard in play for GDA the company is completing due dilligence on a Chinese Resource Project and from recent experience with companies such as RCH,CDS,EPE,NSL. GDA could expect a serious re-rating higher once they conclude the deal.

GDA is certainly a spec play at the moment but has all the ingredients to reward shareholders on positive news.

todays announcement by FMG that they have commenced iron ore operations in the east pilbara is likely to have a flow on effect to fellow east pilbara exploration companies such as FDL,BCI, and GDA.

with GDA awaiting iron ore results from their east pilbara tennements which sit just north of FMG's Cloudbreak and BCI's Nullagine Deposits, they are highly leveraged to any sign of iron ore given their proximity to FMG's new railway/operations.

so GDA is an excellent spec play to gain leverage to the next run in iron ore companies caused by today's FMG announcement

looks like GDA is building nicely again this morning, after yesterday taking out the stubborn resistance at 2.9c it is slowly trying to break above 3c.

with the iron ore results due from the east pilbara next week, and the positive sentiment around the area due to FMG commencing operations, GDA may be one of the star performers of the weeks ahead.

mick2006 said:

todays announcement by FMG that they have commenced iron ore operations in the east pilbara is likely to have a flow on effect to fellow east pilbara exploration companies such as FDL,BCI, and GDA.

with GDA awaiting iron ore results from their east pilbara tennements which sit just north of FMG's Cloudbreak and BCI's Nullagine Deposits, they are highly leveraged to any sign of iron ore given their proximity to FMG's new railway/operations.

so GDA is an excellent spec play to gain leverage to the next run in iron ore companies caused by today's FMG announcement

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Mick you mentioned that GDA are planing to release tothe market some drilling results. When　are these drilling results expected???

benwex

mick2006 said:

looks like GDA is building nicely again this morning, after yesterday taking out the stubborn resistance at 2.9c it is slowly trying to break above 3c.

with the iron ore results due from the east pilbara next week, and the positive sentiment around the area due to FMG commencing operations, GDA may be one of the star performers of the weeks ahead.

Click to expand...

mick,mate what is the name of the IO project that GDA have just north of fmg & bci?...as i cannot find the name of it anywhere...tb

mick2006 said:

what is significant about these tennements is that they lie just north of FMG's massive Cloudbreak Iron Ore Deposit. Any sniff of iron ore from these tennements will send GDA racing.

Click to expand...

mick2006 said:

with iron ore results due next week from their east pilbara tennements which sit just north of FMG's Cloudbreak and BCI's Nullagine Deposits

Click to expand...

mick2006 said:

with GDA awaiting iron ore results from their east pilbara tennements which sit just north of FMG's Cloudbreak and BCI's Nullagine Deposits, they are highly leveraged to any sign of iron ore given their proximity to FMG's new railway/operations.

Click to expand...

Can someone tell me where these tenements are actually located in relation to FMG & BCI...plus what happening with the wallal downs tenement contigous with brumbys pardoo project...tb


Acquisition of Wallal Downs Prospect
Gondwana Resources Acquires Significant Exploration Target in Pilbara
Gondwana Resources Limited has agreed to purchase, subject to certain
conditions, the Wallal Downs prospect located 180km east of Port Hedland along
the coast and coincides with the historic Wallal Downs Pastoral Lease in the Marble
Bar District. The prospect is covered by exploration licence application E45/3139.
Access and infrastructure are considered excellent with the coastal highway
located immediately south of the license area.
Regional gravity and magnetic data indicates a significant anomaly extending ENE
for 25 km of strike length within the application area (refer to attached figure 1).
This anomaly may coincide with either a strongly magnetic mafic intrusion similar to
the host units at Radio Hill (Fox Resources) with the potential to host nickel, copper
and platinum group elements or at Balla Balla (Aurox Resources), with the potential
for iron, vanadium and titanium.
Importantly, anomalism may also relate to a near-surface extension of the
Nimingarra banded iron formation, host to haematite iron ore mineralisation at
Pardoo (Atlas Iron) and Yarrie/Goldsworthy (BHP). The ground is contiguous with
Brumby Resources iron targets to the immediate WSW.
The coastal area is covered by sediments of the Canning Basin and has never
been effectively explored before. It is anticipated that detailed ground geophysics
in the first half of 2008 will provide drill targets in the second half.
GDA is
determined to fast-track its work in this area in compliance with state regulations.
The vendor of the Wallal Downs Prospect is Ausprey Resources Pty Ltd, a private
Australian exploration company. The acquisition agreement with Ausprey is subject
to certain conditions, including compliance with the provisions of the Mining Act.
The purchase consideration is 3,000,000 ordinary shares in Gondwana. Ausprey will
retain a 1.25% gross Net Smelter Royalty

hey tigerboi, go to the GDA website and click on the eastern pilbara section it brings up a map showing the location of their tennements south of marble bar, when looking at BCI's tennements GDA's sit just north.

Wallal downs is a completely different area although very interesting also given its location.

Re: GDA=GUNNA DO ANOTHER...CAP RAISING

mick2006 said:

hey tigerboi, go to the GDA website and click on the eastern pilbara section it brings up a map showing the location of their tennements south of marble bar, when looking at BCI's tennements GDA's sit just north.

Wallal downs is a completely different area although very interesting also given its location.

Click to expand...

Yep ive done it mate,im looking for the tenement boundaries in relation to FMG & BCI..plus the name of the area the tenements are in...

I dont believe they are next to fmg & are a fair way from bci...tb

my main interest in them is the wallal downs project & its location to brumbys ground...bmy might like that ground...

One thing about GDA that worries me & lots of others is they have promised the world & delivered nothing,i remember they did a consolidation to 20c then its come back to were they started...

so far theyve been a bunch of gunnas,gunna do this gunna do that...

i want to see more info on their ground,such as tenement locations,boundaries..tb

They are like parra atm,i wanna see some form before i back them(i did trade this from 0.26 on its run to 0.60c & got out..)

well I better not tell you I'm a roosters man then mate

in regards GDA its an interesting one, certainly have promising tennements, but need to start showing some results.

Anyone know why this one increased by nearly 60% on Friday?

Above average volume as well??

Maybe just a bit of reversal for a change, but 60% was a huge shot!

Time to bump this thread as GDA's share price is pushing forward. Moved from 0.7 to 1.4 in a matter of weeks

This stock makes me laugh.

They were down around 3 cents...had a share consolidation (i think 10 to 1 or something) and then fell from 30 cents back down to below a cent...that's a massive ouch for the poor holder's out there.

Glad to be holding GDA post-consolidation, with less shares on offer which means share prices should move quicker. I do note they are in exploration stage for gold and iron ore. Current market cap is just over $1 million.

Re: gda bids 5 trillion shares for 1 rio share

tigerboi said:

Yep ive done it mate,im looking for the tenement boundaries in relation to FMG & BCI..plus the name of the area the tenements are in...

I dont believe they are next to fmg & are a fair way from bci...tb

my main interest in them is the wallal downs project & its location to brumbys ground...bmy might like that ground...

One thing about GDA that worries me & lots of others is they have promised the world & delivered nothing,i remember they did a consolidation to 20c then its come back to were they started...

so far theyve been a bunch of gunnas,gunna do this gunna do that...

i want to see more info on their ground,such as tenement locations,boundaries..tb

They are like parra atm,i wanna see some form before i back them(i did trade this from 0.26 on its run to 0.60c & got out..)

Click to expand...

must be time to bump this then...gda making a bid for rio...

5,0000000000000000000000000000000000 gda for 1 rio...

the worst stock ever

do yourself a real big favour,put your hard earned coin into a real miner...

go checkout the gda thread on Hard Cck...HAVE TO BE THE MOST RAMPED STOCK EVER...tb

hmmmmmm been watching this old woofer for a few days now too,

Same old same old, but tiny mkt cap around $1.5m I think, interesting Iron ore and Gold projects, NO CASH as per usual (all goes towards directors yachts I think )

Still wouldn't take much of an ann to double the mkt cap to a whopping $3m

HIGH RISK DOG with fleas but has my interest, I shall call it scruffy :