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Galena Capital Corp V.FYI



TSXV:FYI - Post by User

Post by LoserLoserLoseron Aug 05, 2010 6:18pm
526 Views
Post# 17326043

This is bottom

This is bottomI think this stock bottomed out because of very small sell volume at 0.04. I looked to buy some at 0.04 but nobody wants to sell. Now 1M shares on the bid @0.04. So i bought at 0.045 because there is no chanse i will get some at 0.04 if this big bid will be not taken out. But this is iliquid stock so i dont think this will happen soon. i am asking my self how they will use 2M $ financing money they got from private placement @0.05. That is a lot of money for such a small market cap like this. Teherefore i am waiting for surprise. As i know from latest news they will leave gold drilling and will seach in oil and gas sector to acquire new properties. PP is insider money so i dont think they will put own money in dead business. People like Arni Johannson or John Seaman are experienced profesionals in mining business. To sum up - this stock has potential upside because it has bottomed out and has interesting and promising fundamentals. I hope to hear some news this year. Management needs to keep interest here. Will be good not only for further financing but also for us shareholders.

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