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Bullboard - Stock Discussion Forum Galway Resources Ltd V.GWY

TSXV:GWY - Post Discussion

Galway Resources Ltd > The Facts!!!
View:
Post by Ruxtons on Oct 14, 2012 12:48pm

The Facts!!!

The facts tell this story.

1. High grade gold on trend and continuous from the AUX properties which were purchased for 1.5 billion.  Since Galway holds both land fractions extending onto the AUX properties and the adjacent land on trend, it is only logical it will need to be consolidated by AUX since economies of scale dictate increased robust economic efficiencies of such a move.

2. While the indicated and inferred resources recently released reflect a moderate deposit, there is every indication that the total resources within the Galway California property is much greater and will be proven up with additional drilling.

3. Banks do not lend successful business with great collateral security, $10 million @ prime plus .50% period.  So there must be a high degree of certainty  this LOC does not pose any risk - Banks only extend  funds when they expect an immediate payback and they know the risk is slim to nil.  This is very indicative that a deal has been made, but the final pieces of the puzzle need to be finalized first.  i.e. the three remaining titles remaining to be approved by the local Gov't, which will provide Galway 100% ownership and the ability to transact a sale.

Once the above three titles are 100% Galway's a quick sale will catch many, except the most optimistic off guard.

The pieces are almost in place!! GLTA.

Comment by SchiffKnowsBest on Oct 14, 2012 4:05pm
Great post Ruxton.  Keep in mind that the 3 titles remaining to be transferred just need to be rubber stamped by the Colombian government.  The deal has already been done on them.  The presentation Galway did not too long ago said that.   Good investments almost always require patience, and Galway certainly fulfills that prophecy.  When we look back we could have all ...more  
Comment by andre1309 on Oct 14, 2012 10:16pm
I am not a paid bashe or a basher at all for that matter. I am a realist and at times I get frustrated. I've been buying GWY for almost 2 years and have not sold a single share at this point, ever! So Schiff, get your facts straight and don't assume, it makes you look like a child.
Comment by TommyCash on Oct 14, 2012 11:05pm
What combined percentage of GWY's float do you think all the viewers of this board put together have?   T$
Comment by andre1309 on Oct 14, 2012 11:36pm
17%....my complete shot in the dark guess. Does closest to get a prize?
Comment by couples4 on Oct 15, 2012 12:16am
You forgot the dot between 1 and 7 ...Imo
Comment by Bruner on Oct 15, 2012 9:41am
My crystal ball is telling me $1.45 this week!