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Galahad Metals Inc. V.GAX



TSXV:GAX - Post by User

Comment by ss1867on Sep 15, 2011 12:55am
263 Views
Post# 19043997

RE: IT`S OVER

RE: IT`S OVERFunny how I picked up 2 ignores today after expressing my opinion on this one. I originally had over 150 thousand shares that I had started to accumulate as far back as January of this year. I began to lighten up recently when I became concerned about the delay in the assay report...sure I gave careful thought to how busy the labs are with everyone and his brother looking for the yellow stuff in the current high gold price enviroment, but to me something did not add up. Where was the NR about abundant visual mineralization in the cores, also when the second round of down hole geo-physics preceeded the assays I got to thinking. Now, if one was to check back on my previous posts they would see I was an ardent supporter on this one, because like many others here I truly believed that we were on to something significant. I don`t really care about the ignores, but it always suprises me how fickle these boards are. People either love you or hate you, no middle ground...if you have something positive to say you get unending invitations in your inbox. Call a spade a spade and out come the ignores. GAX relied heavily on the down hole imagery to define future targets, the targets were identified and the drills went right into the heart of them looking for the motherlode. Well the motherlode wasn`t there, sure there are 5 more holes due and more targets have been identified through this technology. Does the company burn through the rest of their cash and pursue these targets or is it back to the drawing board ? Tough, tough questions for management.....I`m out, I neither made $$$ or lost $$$. On the sidelines for now watching with interest as I have a ton of effort into DD on GAX. I still like the story, I still like the sector, I still like the area play....but the market crucifies juniors that miss with the drill bit, we saw it today and my guess is there is more pain to come. Sincerely good luck to those that stick with this one.
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