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Galahad Metals Inc. V.GAX



TSXV:GAX - Post by User

Post by Stoogeon Jan 18, 2011 12:08pm
247 Views
Post# 17989961

Look at Shares, Not Assay Results

Look at Shares, Not Assay ResultsI have never paid attention to assay results and never assume my speculative holdings will produce a mine.

But I focus on the shares being issued and traded, warrants, incentive options - particularly by insiders.

The activity today is manufactured to absorb shares coming from exercise of warrants. So more shares are now outstanding and there is cash piling up in the bank. After this blip, there will be another move up as more plans are announced for this extra cash. And there is that mysterious Special Meeting coming up.

I'll report tomorrow if any of today's trades are by isiders.

Meanwhile we should not (but we will) focus on the hour-by-hour trading, but just go away and come back in a month.
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