We traded ~9m shares from when the panic market set in and we headed down to 10/11c. This week alone we traded around ~8m shares.
So we might need to grind through a little more at 18/19/20 c before we break out. Assuming some of those who picked up down there will be happy with their profits and also some who have recovered back to their original purchase price will be relived to have gotten their money back in this market.
Might need another 2-3m day/days to burst through into 20's which i would expect as it gets closer to LEG assays being released/we get some results from Petrographical on Rockchips and then DHEM commencing...for anyone worried about the delay to drilling, DHEM just as important for deep ni deposits such as this. Instead of drilling random holes we get a chance, like LEG, to pick the exact sweet spot for the next hole for maximum results.
Wouldn't be too worried about the retail investor not liking a $3 share price, if we hit good hole's we just have to worry about which funds we allocate to in the next raising in the $$'s and they will take care of the rest.
Risk v Reward regardless, super rewards on offer if you are willing to take a calculated risk.
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GAL Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
