GDA Gondwana Resources

[gisborne_gold]

Gondwana Resources is a West Australian gold exploration company also involved in base metals, tantalum and diamonds.

In early June the price rose sharply to 3c on strong volume. During June, July and August it lost two thirds of its value, trending all the way down to 1c on low volumes. In mid-September volumes picked up a little and it traded around 1.5c for a week, a 50% recovery from the low.

Until yesterday when it shot up to 2.1c, a 50% rise for the day. It looks to me like this represents an upwards break through trendlines and potential resistance levels which would suggest GDA could be at the start of a significant uptrend back to 3c or beyond.


http://chart.bigcharts.com/custom/fairfax-com-au/big.chart?rnd=0.18233702298249388&style=2166&symb=GDA&size=1&type=2&time=6mo&freq=1dy&comp=&compidx=aaaaa%7E0&ma=0&maval=&lf=1&lf2=8&lf3=0&uf=16384&arrowdates=&arrowlegend=&country=AU&sid=143594

[jeremy b]

I bought some of these the other day at 1.6c. Don't seem to have much money but have a few projects on the go.A big spec buy,but hey their cheap.Next few weeks should be interesting

[tommy]

Since last week's announcement, GDA has been skyrocketing... I bought in at 3.4c last Friday but got sold out too early this week :-(

Contemplating whther to get back in or not, but chart shows possible doji sign emerging so might be worth waiting for retrace... T+3 pullback on the cards IMHO.

http://bigcharts.marketwatch.com/interchart/interchart.asp?symb=AU%3Agda&draw.x=0&draw.y=0

[wk6332]

Is there anyone out there that follows this one still?
If someone can put there latest news in plane english it would be most appreciated

[soulman]

Here's a coy with no buyer and one seller at 0.001. A clear case of 'don't touch'. More chance getting a win against the house than putting money in GDA.