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Galway Resources Ltd V.GWY



TSXV:GWY - Post by User

Post by oldtimer42on Oct 21, 2011 11:00am
406 Views
Post# 19169877

News or Buyout Strategy

News or Buyout StrategyThere may very well be news out soon as it is due. However, the recent significant accumulations with very strange bid and ask makes me wonder if it is in preparation for a buyout offer. There is little doubt the SP is being held down. Any potential buyer does not want another VEN scenario where irrational exuberance pumps the price up. Unless we get to the $5 range as a base, in my humble opinion a buyout will not exceed that amount. The new ministers of mining and environment are very investor friendly which is great news for the investment community. There should not be any impediments for someone like Batista to move quickly at this time, in fact there is no merit for him to wait. He would get a resource about the size of VEN and eliminate the irritant of GWY's two tracts through VEN territory. A few more decent drill results and Batista will lose the advantage of an artificially low SP. I would love to be a fly on the wall in the GWY boardroom.
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