Galahad Metals Inc. V.GAX

MY GUESS

[ss1867]

AND IT IS JUST A GUESS.......According to the May 9th. update, the first 4 holes intersected the anomolies and assays were pending. FANTHOMAS is correct is his assertion that phase II consisted of 13 holes..the first 4 were completed quite some time ago and todays NR states the final 9 are finished. It`s gotta be pretty obvious to management what the assays are shaping up like on those first 4 holes, remember they have to release the imformation in a timely manner to the market...good or bad !! Chances are we will see a NR very soon regarding these first 4 holes...now if there is any truth to Delorias statement about a 30 cent PP with a 50 cent warrant then it stands to reason we hit pay dirt on those 4 holes....if the PP Deloria is referring to pertains to Galahad and not Red Ore. Either way if the drill results are good at Regcourt we should see some buying very soon.

[rainhum]

The pp is actually an IPO and the price is .30 with a .50 warrant.  This is for Red Ore.R

[ss1867]

This is what I was thinking that deloria was reffering to aswell. In a previous post I stated this after my discussion with IR last Wednesday afternoon. The Red Ore IPO is being offered @ 30 cents with an attached warrant @ 50 cents. The  brokers were concerned that the original 50 cent IPO would be a tough sell with the current market conditions being fairly soft  as we go into the