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Bullboard - Stock Discussion Forum Galway Resources Ltd V.GWY

TSXV:GWY - Post Discussion

Galway Resources Ltd > Ruminations
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Post by Geef on Aug 06, 2012 11:28am

Ruminations

The hypothesis that Calif and Vetas might be sold off to different entities is a solution that leaves GWY as a going concern with upto $400M in the bank and the Victorio mine which has not been mentioned for a very long time - not an ideal scenario as a final outcome!  They could I suppose add Victorio as a freebie.

In any event, clearly whatever deal is finally struck, I can see how it will be complicated to realise and we may have to wait a while.

Comment by NaturalCurrency on Aug 06, 2012 4:30pm
Why $$ in the bank? The $$ should flow to the shareholders directly.  
Comment by Geef on Aug 06, 2012 10:25pm
If the company is still a going concern it would be upto the CEO whether to announce a special dividend or use the $$s for some other investment.
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