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Montauk Metals Inc V.MTK

Alternate Symbol(s):  GAYGF

Montauk Metals Inc. is a Canada-based mineral exploration company. The Company is focused on seeking new exploration projects. Its subsidiaries include Galway Resources Vetas Holdco Ltd. (Cayman Islands), Galway Resources Vetas Holdco Ltd. and Sucursal Colombia and Galway Gold US Inc.


TSXV:MTK - Post by User

Bullboard Posts
Post by Geefon Mar 27, 2013 7:21pm
343 Views
Post# 21177577

Cui Bono

Cui Bono

I have come to expect that whenever RH is involved in a transaction nothing is ever straight forward or as it seems.  As Schiff pointed out in a previous post, valuation is currently pegged at about $48/oz, almost half of which is cash in the bank.  Even for a speculative gold play this sound pessimistic, even more so considering drill results and the calibre or the players involved.  So,  one could conclude that the usual games are being played - but to what end?  This is not a situation where one heavy hitter is in charge and can call the shots. In addition the heavy hitter (EB) of yesteryear is not looking so heavy at the moment.

So,  the question I wrestle with is what is to be gained by holding down the SP by selling cheap shares given the above environment. Not that I am complaining, like other posters I continue to accumulate.

Bullboard Posts