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Bullboard - Stock Discussion Forum Galahad Metals Inc. V.GAX

TSXV:GAX - Post Discussion

Galahad Metals Inc. > more dilution
View:
Post by flooring on Jan 20, 2011 9:39am

more dilution

Again here we go with more dilution.On the Smartstox video Robin said money is not a problem for us, or did he mean in two days, money will not be a problem for us?


flooring
Comment by Ahsan on Jan 20, 2011 9:43am
this was expected anyway. now we know 0.14 - 0.15 is basically the floor. anyway i can kept some orders at 0.14, 0.135 and 0.13 even. who knows the market is down. i may even get the shares below the PP price.
Comment by Ahsan on Jan 20, 2011 9:44am
ahh maybe not. 500k at 0.14 now.
Comment by Ahsan on Jan 20, 2011 9:49am
anyway here u go. i wont be typing here for some time. got to follow other stocks but it seems we are moving higher. maybe we might see 0.18 today. who knows. # Orders Shares Bid Ask Shares # Orders 4 51000 0.145 0.150 128500 2  ...more  
Comment by rainhum on Jan 20, 2011 10:53am
"Again here we go with more dilution"-flooringI'm just curious as to what you expect? This is an exploration company that is exploring! they need cash to do that. I would hope they are doing a pp and using that money to get right back to drilling. With warrants being excercised and this pp there should be enough to start a solid drill program with in a month or so.From my perspective ...more  
Comment by Ahsan on Jan 20, 2011 11:12am
let him be man. i think this provides a floor anyway. put some orders at 0.14. maybe some weak holders may sell because they find something better for that particular day. markets are down 200 points so who knows. anyway. i am going to hold and will see what happens.
Comment by flooring on Jan 20, 2011 12:08pm
Rain, as to your question what should they do? Yes a PP is correct. It is those other words that get me ( for working capital) If the pp was for drilling only,great.  I guess I have been here for sometime and have heard it all from management, so my comments may be slightly bias. As to the results, they are very good, and I HOPE that they will bring in the same if not better results with the ...more  
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