Ann: Galena Updates Resource, Reserve & Mining Inventory, page-53

We are held pretty evenly across investor types (retail, insto and management). Some instos will be getting hammered and will surely be looking to cash with only a couple trading days left in the year. Some retail are likely getting sucked into the bearish sentiment vortex. Next part of the market cycle is either here now or close - bargain hunting on oversold stocks. If I had a 100k lying around I’d be buying up but unfortunately I don’t - 1m shares is a big enough holding anyway. Musn’t forget two things 1. Management are the biggest holding group here (~40% SOI?) and 2. Inside a bear (if we are in one) market where capital is hard to come by it is tight cap structure/strong project stocks that will manage through

Nothing can beat fundamental
Developments though. JORc update was a nice tick. Things
are getting more interesting as we go


GL G1A’ers