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Bullboard - Stock Discussion Forum Galahad Metals Inc. V.GAX

TSXV:GAX - Post Discussion

Galahad Metals Inc. > Our subsidiary is going now
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Post by ALTOGETHER on Apr 21, 2011 12:10pm

Our subsidiary is going now

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aGAX-1832650&symbol=GAX&region=C
The listing said ROG but I don't think it is listed yet....
Comment by rainhum on Apr 21, 2011 1:12pm
You are  correct in that the IPO is not complete as yet.  We should list within the next 6 weeks if all passes the regulator'sIt will be interesting to see the IPO price. Seems some value has already been added.
Comment by flooring on Apr 22, 2011 10:20am
Wasn't the IPO to spinout the value in Bottle Creek, and get it going? Why the new property? Is it in the same vicinity?
Comment by rainhum on Apr 23, 2011 10:08am
Wasn't the IPO to spinout the value in Bottle Creek, and get it going? Why the new property? Is it in the same vicinity?-flooringYou are correct that the spinout was to get Bottle Creek going, but it is also to build Red Ore into a company that has multiple opportunities.  This new property is a great opportunity to diversify into a property in close proximity to our existing claims and ...more  
Comment by flooring on Apr 24, 2011 10:29am
I thought Bottle Creek would be enough to stand alone, but I do agree with you that having another property, with potential, in proximity to it will help with future financing. Well, I'm hoping that GAX will have success with Red Ore, and we see the rewards in the future.   Flooring
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