GREY:GATGF - Post by User
Post by
honkytonkgirl1on Nov 24, 2018 5:22am
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Post# 29016932
Everything smells pretty good!
Everything smells pretty good!To all longs
Some here seem to be concerned or frustated by the recent placement in which Gatling raised $3M. This was to be expected and we should take into account that more are to follow at the same (ridiculous) low prices.
Does it smell bad as some here are thinking? No, not at all.... it's part of the way Juniors are run these days. Some people close to the co's inner circle still need cheap shares and this is the way to acquire them. It's not fair but then again, it's just the ways things are.
The positive side is that Gatling are able to cough up $3M. and this is something not many Juniors are able to do at the current bearish sentiment levels. They already had 7M. in cash and have now added another 3M. and that is never a bad thing; especially not so as the moneys will be used to drill the tenement.(it will not simply "vanish" in the pockets of insiders)
Gatling is still the cheapest stock around and recent insider purchases and Belgian investor Maarten Verheyen's acquisition are a sign on the wall of what's to come.....
The 5000m drilling campaign should commenct this week and we have not had a press release yet. Just the mere mention should have an immediate positive effect on the shareprice so look for upward momewnt any day now!
Holding with confidence,
HTG