Boo if you must.gly has had this property for 4 years. Why have they done nothing? They have had the moly property just as long. It sits there today. They sold any rights they had to xstrata for the coal. They have diluted the shareholders investment by 50%. The only single reason we trade at $1.50 is because of speculation that we have a sweetspot of gold. Drilling is either going to confirm the sweetspot or we tumble big time......really big time. There will be no reason to be above 30 cents.
No institutional investors are even remotely interested. I am sorry they sold 40 million more shares so they could drill. That means if they do not strike it we are going down fast.
Galway should not have drilled. It took them 4 years to get around to it. Why? They could have sold rights to Greystar. Precedent was already set with xstrata. I would have preferred a sure thing.