Comments SEDARCash as of June 30 2011 = $24,570,164
Cash as of September 30th, 2011 = $25,706,545
The warrant situation is getting better:
Number of Warrants
Outstanding Exercise Price Expiry Date
1 $ 0.75 September 29, 2011
1,311,720 1.00 January 13, 2013
8,860,000 1.50 January 13, 2013
These guys are in the driver's seat. Eike or whoever can play with the stock all they want. Galway has enough cash on hand to drill until zero blue sky left. Cash will continue to come in from warrants and that means no need for any PPs. You would be hard pressed to find an explorer who was net positive cashflow last quarter....But here is one of them!