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Bullboard - Stock Discussion Forum Galway Resources Ltd V.GWY

TSXV:GWY - Post Discussion

Galway Resources Ltd > On the verge.....
View:
Post by Red5Luke on Sep 05, 2012 11:19am

On the verge.....

Despite the horrible silence all summer GWY is positioning itself to be the cat seat and the next few weeks should be pretty exciting. 

  • Avoided dilution by securing a 10 mill loan from BMO which in itself shows something major is near.  This is unheard of – a bank lending to a
  • Tied up loose ends at Cali by securing the concessions outright including the land fractions within AUX’s site which has to be a sore point for Batista. 
  • Drilled over 80,000 ft and have done infill drilling to show a continuous ore body. 
  • They've expanded the find to over 800 m's and have hit gold in the new Manchuca zone.
  • Releasing a resource estimate on their main property any day now which should be in excess of a million ounces (easily).  They have been drilling away like crazy all summer and are squeezing as many ounces possible into the resource estimate. 
  • Vetas is continually hitting ounces and expanding the resource with drills continuing to turn.
  • Victorio has resource estimate, recently added a million dollars worth of drilling and shopping site around for sale.   

The looongg and quiet wait has been painful but all the patience is about to pay-off in blockbuster fashion.  The mountain will be consolidated and we will be the first link to form the chain.

Comment by melone on Sep 05, 2012 2:15pm
Nice summary Red5Luke, we will be sooner getting the 3m ounces estimate for CALI during the coming 2 days...  Best of the fun to come..
Comment by $HAWK on Sep 05, 2012 4:05pm
This is a good old "shake the tree"  the MM want your shares, look at all the small qty;s
Comment by $HAWK on Sep 05, 2012 4:12pm
RJ buying lots near the the close @ 1.18-1,19
Comment by SchiffKnowsBest on Sep 05, 2012 4:20pm
You are correct $hawk.....49,900 shares bought from RJ today (plus a little bit on the Venture). House Positions for C:GWY from 20120905 to 20120905 House Bought $Val Ave Sold $Val Ave Net $Net 89 Raymond James 49,900 59,307 1.189 0 49,900 ...more  
Comment by Silverwhere on Sep 05, 2012 4:27pm
  and I was waiting for almost 2 hours to get filled at 1.16....it got there but nada for me today.............       .