GGY glengarry resources limited

Hi CerberaWell I still have 1.06 Million of these things. In...

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    Hi Cerbera

    Well I still have 1.06 Million of these things. In view of AFR page 25 and current events they are probably better off with the cash. Article points out that there is no money for projects from debt or equity. Also outlook for copper isn't looking that favourable according to many reports (probably a short term 2-3year phenomenon). I believe they are drilling Percyvale now ? With the increased availibility of drilling rigs I wonder whether they'll have a go at Rum Jungle. I still believe they have some very good real estate compared with many of their peers and $11M in cash.
 
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