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3.13%

16.5¢ galileo mining ltd

End of Year SP ?, page-4

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rolf2903

11,523 Posts.

1661

26/06/22

12:36

Post #: 62210320
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Originally posted by milesy: ↑

A capital raise is both inevitable and welcome.

If the resource keeps getting extended in the way it is hoped and expected, it will be very well priced and go into very strong hands.

The amount raised will be telling....just enough to drill out the current sill and maybe put the odd DD holes down and a few exploratory holes into our other two sills is my hope.

We could in effect have a defined resource and an idea of our other prospects with perhaps still only 200 mill shares on issue in total.

However, they might decide to go for the massive raise with the idea of drilling our whole resource, and maybe even continue drilling FR targets as well.

I'm thinking the former as the main players already own most of the company and less dilution is an attractive way to go.

The fact they never had a raise after the initial euphoria and before the drilling started gives you some idea if just how confident they are of what is underground.

Milesy

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I think your last paragraph hits the nail completely on the head.

GAL Price at posting: $1.31 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 16.5¢		Change 0.005(3.13%)		Mkt cap ! $31.61M

Open	High	Low	Value	Volume
16.5¢	16.5¢	16.5¢	$248	1.5K

Buyers (Bids)

No.	Vol.	Price($)
2	109998	16.0¢

Sellers (Offers)

Price($)	Vol.	No.
16.5¢	8500	1

View Market Depth

No.	Vol.	Price($)
2	109998	0.160
3	87139	0.155
4	31080	0.150
4	167309	0.105
1	40000	0.070

Price($)	Vol.	No.
0.165	8500	1
0.170	72383	2
0.175	20000	1
0.180	80790	2
0.185	79998	1

Last trade - 10.04am 18/09/2024 (20 minute delay)

GAL (ASX) Chart