Yes it is an interesting time in Exploration & Global Economics, as you said ...........
"I remember getting my hopes up for the massive sulphide hit that followed the discovery only to end up disappointed."
You were not alone CC, there were hosts of Posters ALL attempting to tell us that this was the Biggest Thing Since Button Up Boots ! Well after the discovery with ASX:SIR ..... which might I add, a lot speculators made a MINT after holding for a couple of years, and yes, they deserved that reward. Well if you can hold after the SP is at $00.005 one deserves that result.
As has been explained in a couple of my earler posts, Dykes & Sills are a real gamble, especially after the work WMC did on the Jimberlana System. Very minor intersections of non economical grades. Just look at previous posts.
BUT, EMOTION gripped the Mob, dont believe that sort of suggesting ..... "Go Away"! Perhaps one example below ....
This is the major problem with HC, people with absolutely no experience writing such suggestions who have previously exposed their experience of the area, the Jimberlana Dyke System.
I believe that the Ann which brought so many "hopes/dreams" by investing, was the result of the Ann by ASX:GAL ( I say that without prejudice) was when it resembled/gave hope that this was another ASX:SIR.
Emotions went onward and forward, no limits, AND, then the SP reached a staggering but unfounded SP of ~$1.40. then the proverbial hit the fan. So sorry for those who never listened, and was obvious, GO AWAY, Bla bla bla .... it was never ending. But, they have an opinion, that is fair and democratic: but where does it get one I ask? Yep, in the "Trap Door Spiders Hole"...... $'s down the drain ! IMHO.
So good luck to ALL hopeful holders, I trust that the current drilling program offers some sort of hope, yes, even for those who "Put their head where an angel fears to tread" !
I know this post sounds "hard" ........but, have a look at history in the Region, analyze it, double check the history and make sound decisions based on historical exploration.
I could go on & on ABT giving me instructions based on my experiences in the Jimberlana Sytem, my greatest WISH, I hope I am WRONG !
GLTAH. : - )
Today the chart is not looking overly strong. I admit, the contributors at 20c are holding pretty strong, that is the only hope IMO that ASX:GAL may not fall to perhaps $00.10 in 2025. Again I hope I am wrong, but time will tell.
Cheers
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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5 | 100700 | 0.125 |
3 | 26682 | 0.120 |
3 | 125891 | 0.115 |
1 | 150000 | 0.110 |
Price($) | Vol. | No. |
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0.135 | 16775 | 1 |
0.140 | 4583 | 1 |
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