GAL 0.00% 14.0¢ galileo mining ltd

Ann: Drilling Intersects Extensive Mineralisation at Callisto, page-424

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  1. 11,552 Posts.
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    Most of us are a little sweaty!

    I must say I have been surprised that this has spent aol of about 3 days above the cap raise price and been allowed to fall this far on very light volume. Normally the brokers would support the price (which doesn’t take mu ch when it’s so likely traded) around 1.20 knowing that so much news flow is coming. It is done to make sure their sophs don’t get burnt too quickly. Of course it’s their investment and their risk, but the brokers what their easy money so they normally make sure their is some good news flow coming and then they play with it to keep it up (and try to profit on the trading at the same time). I still suspect they will bring it back to 1.20 pre drilling. I reckon they may just be letting the panickers out so it is easier for them to boost it back up and profit on the way.
    let’s see. No need to panic yet. One strong green day against the trend and suddenly everyone will be calling a bottom and wanting back in saying it’s a bargain. That’s how these things go.
 
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