GAL 2.78% 18.5¢ galileo mining ltd

Ann: Highest Palladium and Platinum to Date, page-57

  1. 169 Posts.
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    A 4.35% (per annum) bank return at Gals current share price is a rise of 2.6 cents. This can happen in an hour, let alone a year. Plus, to get a rate of 4.35% (which is an annual return) from a bank you need to keep it in a term deposit (no liquidity on your capital or return) for at least 6 months. No risk...sure. But no reward either. I know where I would rather put my money. I agree with Bullcatcher. This retrace is primarily a result of (pathetically) nervous small investors indiscriminately selling their holdings, probably with very little rational thought, based primarily on emotion and a knee jerk response to other (unrelated) issues. It is very frustrating to watch. Gal has enough cash on hand to continue its exploration activities and build value for at least 9-12 months. He has only scratched the surface of the Mt Thirsty project(s) area and still holds a significant prospective position in the Fraser Range and the Mt Thirsty Co Ni project. Retreat back into your caves if you want to. But if I was Brad, looking to my shareholders for support during this value building stage, I would ensure that anyone who sold the majority of their holdings would be excluded from any further capital raisings. But that's just me.


 
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18.5¢
Change
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Open High Low Value Volume
18.0¢ 18.5¢ 18.0¢ $7.534K 41.66K

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No. Vol. Price($)
2 41799 18.0¢
 

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Price($) Vol. No.
18.5¢ 150145 4
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