G1A 0.00% 5.9¢ galena mining limited

5 Bagger Thread. Fundamentals and Opinions, page-250

  1. 13,236 Posts.
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    I have only one problem with Ur analysis Bnw  and that's the fact G1a have done a hell of a lot more resource definition and arnt mining by the seat of their pants, they know what's under the ground. Theres a big difference between a high grade massive ore body and hydrothermal/alluvial gold seems which can be notoriously difficult to follow. Thats not to say it cant be done tho. But im not going to get into what the other company has or hasn't.

    As Os mentioned much of the risk now is with the Toho deal going thru and the BFS matching up with the pfs in whatever final form that takes.

    Would u go spruiking to market u will be sticking the bucket in the ground come June/July THIS YEAR if U didn't mean it ?

    Ed Turners going to look like a bit of an idiot if they don't achieve this target as will all the other G1a directors. 

    The sp will have consolidation days, as it did in the last wave up. As this company is more on the traders radar the more u will see of days like yesterday with the mm taking more of a back seat and letting the pip takers fall on their own swords as it looked like some did yesterday. T+2 and all that stuff.

    That's not to say theres not still a fair chunk of risk and if one doesn't have the bottle to hold on for that risk to play out of the sp then so be it. But it looked to me as tho the mm buyer was still there in the background yesterday with only some sell pressure seeing the sp drop back a bit. 

    I guess the holders do what they do best and watch their knuckles turn white as they hold on for the ride. Such quick moves up will nearly always have consolidation phases. The only major sp sticking point might be if they do a raising as a part of their share of the Abra capital requirement and thats if its needed. Be a bit unusual if there wasnt tho. The way the sp s going tho there won't be that many issued and it will be to a more strategic holder that will want some of the bigger gains to be made on successful production.

    Gr.

 
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