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Bullboard - Stock Discussion Forum Galway Resources Ltd V.GWY

TSXV:GWY - Post Discussion

Galway Resources Ltd > 52-week low, really?
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Post by cosford74 on Jun 28, 2012 4:38pm

52-week low, really?

So a year ago in the summer SP was at 83 cents.  Two years ago it was 65 cents.  Either 83 cents holds or it is going down to support in the 60 cent range.  

 

The market is telling us that the big buyout is not coming anytime soon and that if it does it will be a lot lower than we have been hoping for.  AUX could offer a 100% premium from here and we would not even get about the 52-week high.

Comment by maglicc on Jun 28, 2012 5:27pm
And thanks God there is not a buyout before drilling and resource estimate is complete. Just be patient, someone needed money badly today, that's all.
Comment by NaturalCurrency on Jun 28, 2012 7:06pm
Let me try and be optimistic here. Final shake before the run up to the big news Not sure how much stake Batista already has in GWY, but of course he has not crossed the threshold (what % is it by the way?) upon which he has to disclose. Probably this is the last loading up by him and his buddies (so whatever buyout price he pays to them, it stays with him I think one of the mistakes he ...more  
Comment by HerrAnders on Jun 29, 2012 2:21am
now I'm glad if i can get out here with +/- o $ , and this in foreseeable time! i in this stock involved since round about 2 years, that's enough for me.   GLTA
Comment by blackflies on Jun 29, 2012 8:31am
The only positive thing you can say about the share price is if you look at the one and two year chart the share price hit lows at the same time of year then went up from there.
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