Ann: Follow Up Drill Program Commences at Priority Targets, page-56

If Creasy knew this was a dud prospect with no potential, he would have not put any money in it at all - from a reputational point of view alone, so I just can't see the basis of that argument. He clearly thinks it has potential and is on the record of being support of Brad and Team.

Who knows what will happen, but a low-mid 40s floor is emerging, and then, probably a rapid pile-back-in, driving the share price upwards again given the relatively low number of shares on issue. These lack-of-conviction recent sellers, are likely to quickly become buyers again. This seems to be a bit of a trend across many of the small prospective E&P stocks under observation at this phase of the late tightening cycle - and GAL is no exception, and neither is this particular capitulation prediction ;-)