RE: just starting some calculationsThanks for all your efforts sculpin, it is a lot of work but your analysis will give us an estimate of reserves to date. The complaining is quite annoying, if any poster lacks confidence in management they should get out of Galway. It is so predictable when info is slow in coming that the bellows about management surface.
A few points for the cry babies:
- Galway just has 3 drill rigs going, portable at that; GSL had 12 at it's peak and I believe VEN had 8. VEN did not take the dramatic SP leap until they had 7 churning.
- VEN share price languished between 15 cents to 1.00 from March 2008 to April 2009.
- VEN share price finally topped 2.00 in June 2009, and when the 7 drill rigs started pounding the waves with results
it popped to 5.00 by month end. What do we think VEN posters were saying about VEN management before the institutional finally investors said " now we are satisfied that VEN is the real deal, now let's buy this puppy"
Galway is still in the early stages of exploration with minimum rigs, VEN and GSL went through exactly the same phase with a share price similar to GWY. Let's show some patience folks and let management do their jobs. Or, get out if so inclined. Really looking forward to your analysis sculpin, thanks for being proactive. I would be happy with a 300,000 to a half million ounces of reserves at this stage of GWY exploration.