RE:market cap $12 million sp $0.11Contrary to my snide and defeatist post about the SP decline, I have been buying and if I can free-up some cash, I may soon buy even more at 11-12 cents. There may be some terrible news we don't have (it has happened before), in which case I will very much regret throwing even more money at GAL.
We have insiders buying at basically CAN 33 cents /share. Sure, they get some interest, but only if GAL stays solvent. I have to think they have (or had a few weeks ago) confidence that things are on track.
Keep in mind that many junior precious metal exploration stocks are depressed right now- look at GDXJ.
I am a bit puzzled about the move into Scotland. With the NI project having some much trouble getting on-line, you would think they would have focused on that first.
I am not an expert and haven't made much with these sorts of gold plays since I retired about 12 years ago. Back then with POG heading for 1800/oz, I felt like a genius and did quite well. POG seems stuck until interest rates and USD drop, so I am not expecting much help from there until later in the year.