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Galway Resources Ltd V.GWY



TSXV:GWY - Post by User

Post by oldtimer42on Mar 30, 2012 3:13pm
418 Views
Post# 19740366

Another Pool?????

Another Pool?????

For the record I think it will be next week, probably Wednesday, April 4. Markets are closed Friday and Monday so I do not think they want this to go through the Easter holidays. No doubt they are working through the weekend. I doubt any discussions with Batista cannot be finalized until the official 43-101 is lodged.

 

The EOM debacle should have some resolution by May when the government will conclude their review of the EOM application and the possibilty of raising the paramo threshold which would give EOM access to at least some of the gold reserves prohibited by the previous Environment and Mining Ministers that were sacked by President Santos for damaging the reputation of Colombia as a mining friendly nation. The new ministers are mining friendly. Batista woiuld be looking at this whole package with a view to consolidating the three mIning operations (AUX, EOM, GWY). This could drag out a bit.

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