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Galway Resources Ltd V.GWY



TSXV:GWY - Post by User

Comment by Red5Lukeon Aug 30, 2012 8:07am
196 Views
Post# 20278125

RE: concessions

RE: concessions

The banks are sitting on cash like a hungry dog with a bone and aren't lending unless there is some security and ROI.  So to lend to a Sth American junior miner (high unusual) and not require any security to back up the 10 mill loan definitely screams something BIG is happening. 

BMO has to know a sale in some form is in motion and the 10 mill is required to facilitate moving the sale forward (by buying the concessions outright).   Or they've gotten a peak at the 43-101(s) and are confident the share price and or sale will be very lucrative and their 10 mill is in good hands. 

Looks like the news dam has cracked and we'll finally get some interesting company announcements flooding out over the next couple weeks.  The wait is finally paying off and this will be an interesting play to watch over the next while.  

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