GDA 1.03% 9.6¢ good drinks australia ltd

sons of gwalia alliance

  1. 3,975 Posts.
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    GDA has now assembled a very interesting tenement package of about 400 square kms. in an area surrounded by goldmines. They will be able to treat all ore production from these properties at SGW's Marvel Loch plant.

    This latest deal with SGW allows SGW tp buy back into the properties at a premium that will allow GDA to finance their equity interest i.e. an expenditure of $3M on the part of GDA will see SGW contribute $9M for a buy back of 51% or $15M for a 60% interest to mine on the properties.

    At a market cap of $2.2M GDA looks like a very decent punt. The oppies at .002 cents with 2 cents to pay at the end of the year look like a really interesting punt for very small outlay. If GDA has drilling success and the gold price firms a GDA price of 4 cents per share will see a profit of twenty times your investment on the oppies. That would still capitalize GDA under $10M. Good luck and good punting. I Hold the oppies.
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