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Bullboard - Stock Discussion Forum Galway Resources Ltd V.GWY

TSXV:GWY - Post Discussion

Galway Resources Ltd > Speculating short term price
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Post by Chowcow on Nov 22, 2011 11:11am

Speculating short term price

$10?! Where are you getting this number from?
I understand that they have EXTRAVAGANT drill results- other worldly amounts of gold in these holes, but a $10 prediction? I was pegging this one for $3 short term under pure speculation. 
If you have any numbers on your prediction post em. I'm long and strong on this and think that your prediction may help others decide to stay long in this one.
Peace!
Comment by cosford74 on Nov 22, 2011 11:21am
Batista bought VEN for $1.3B.  Given that GWY looks to be defining ~3M+ oz and ~150M shares, a buyout of $10 is not unreasonable.
Comment by Red5Luke on Nov 22, 2011 11:53am
I don't know about $10 short term unless a buyout comes but it is definitely on the near horizon.  If you put some guesstimations together the current share price could represent the sale of the tung/moly property alone.  Not to mention we have about $20 mill in our coffers, land fractions within VEN to be sold and could get millions out of the coal play.  That would ...more  
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