Galway Metals Inc (QB) (GAYMF) News

Who else trynna squeeze this GAYMF

LOL GAYPES TOGETHER STRONG

THE PARTY HAS STARTED

TIME TO RISE BOYS

GAYMF one for 3 reverse split:

http://www.otcbb.com/asp/dailylist_detail.asp?d=09/13/2013&mkt_ctg=NON-OTCBB

Watching the GAYMF ticker on the gray sheets is misleading. These are the same shares sold on the TSX under the ticker GWM. We have seen a steady decline in price, but volume has been building to the tune of over 5 million and 6 million today and yesterday respectfully. Over the GAYMF ticker, we just had 300,000 shares sold at .035...A single trade worth over $10,000. This is included in the over 11 million shares totaling more than $330,000 in trades on the GWM ticker over the last two days, assuming all shares were purchased at only 3 cents.
Something big is brewing, and while I thought this stock would sit dormant for a number of months, I am beginning to get the feeling that this stock is set to make big moves in one direction or the other. Based on the current cash holdings of the company, and the assets which include the Victorio Project as well as interest in a Colombia Coal mine; I am gambling that this movement should be upward.

GLTA

fantastic information.

Another thank you to Strong, here is the link.

http://www.sedar.com/GetFile.do?lang=EN&docClass=13&issuerNo=00033974&fileName=/csfsprod/data137/filings/02002059/00000001/v%3A%5CAPOLLO%5CMetals-TSXV-ListingApp.pdf

Good DD, can you please provide the board with a link to thier filing? I cant find anything under this ticker symbol.
TIA

Thank you for finding that

You are only part right. The money is allocated for different things, but it has not been spent. Only a small amount would be due soon. Galway Metals is a real company that does real things, so they spend their money. Their mother company showed that it was willing to drop projects that didn't make money and move on, Galway Resources proved itself to work hard at building up a minergal holding and then selling it for great profit; this is what Galway does.

They still have this cash, and if the price of tungsten and molybdenum go down, they can abandon the project and move on, or if prices stay strong they will continue to develop it and either mine it or sell it as they did with their other gold project.

Galway has a good history, but certainly has risks. They will of course be spending that money over time, but Galway has shown that they invest money wisely.

I am providing the facts I find on this grey market ticker with unlimited authorized shares. You asked for people to come in and dd. You are searching for answers. If you don't want facts, let me know. I can just start giving my opinions instead.

I wonder what phase 2 is going to cost if phase 1 is $9,400,000? Any idea how they are going to fund that?

I am presenting facts from their filing. Do you not like facts that aren't positive to your position here?

Fees payable in connection with the Listing $40,000
Fees payable under Installment Sale Agreement $700,000
Cost related to phase 1 of the 2012 Report $9,400,000
Anticipated general and administrative expenses for the next 12 months (including legal, accounting and other professional fees) and general working capital requirements $1,200,000
Unallocated $660,000

Total: $12,000,000

You haven't read the filing of this grey market security you are trying to raise awareness of?

That $12 million is already spent except for about $600k as per their filing.

I called Galway on the phone today. They informed me that they are in fact sitting on $12 million in cash, and are determining their next course of action. The recent sale and spin-off of galway resources has taken up most of their time and occupied their plate, and they are beginning to make decisions on galway metals and what direction they will be taking; there is likely some time before any news is announced.

THERE ARE UNLIMITED AUTHORIZED SHARES FOR THIS STOCK. This could be dangerous, but I was told by the Galway representative that the company is adequately funded for the time being and that there is no plan for selling new shares. She acknowledged that shares were trading considerably below their cash value. I was an early investor in Galway Resources, and while it took longer than expected, the wait was well worth it, as Galway made me a lot of money and gave me shares in two new spin-off companies, including galway metals. This fact gives me the confidence that Galway is eager to make investors money and not rip them off, so I am willing to invest despite the unlimited share authorization. As a side not, I would be greatly surprised if Galway even considered selling more shares until their current shares are equal to or greater than their cash assets; otherwise they would be losing money and it would make little sense to sell shares.

I am expecting big big things within the next 6 months; possibly sooner. I think investors have some time to investigate this stock and push for an entry point closer to .04 than .05; but when this thing hits, I believe it is going to hit big.

The same shares trade actively on the TSX venture with much higher volumes. Also, as I stated before, when I bought the GAYMF ticker, my stock purchases did not show up on that days volume for gaymf, it instead showed up on gwm on the tsx venture; not sure why this occurs. When galway releases its first financial statement, i expect big things.

Right now, to learn more about galway metal structure, one should look at galway resources and some of their last news announcements as they reveal the structure of galway gold and galway metals.

I would love to hear more information about what people have found on this stock

Unregistered stock? Grey Market? My Broker has no Information on this companys stock. Theier website is the templated one that you can find on many other stocks that have no business being on the markets. Dude, you might be onto something here. I wwish you the best of luck. But Im not allowed to buy unregistered stocks.

Thanks for the hot tip tho

4 out of the last 8 trading days there was NO VOLUME and on those 4 that it did trade ONLY 24 thousand shares traded. Do you think there will be an increase of volume EVER?


loco

Can that be found anywhere else because any company could list their share structure on the company website and would not be accountable to anyone. That scares me as it could be anything IMO. Please provide some other source that could direct us to a credible source for GAYMF's share structure.


loco

Not liking what I am seeing with such a poorly traded stock such as this one. NO VOLUME. You buy and could be stuck trying to sell IMO.

loco

AS: unlimited...yikes!

149,635,739 shares issued and outstanding.

http://galwaymetalsinc.com This is their website and it is full of information.

Does anyone know the A/S or the Float?

TIA

Just imagine when people catch on that this company sits on $12 million in cash and a potentially valuable advanced stage mine. This is a spinoff company from Galway Resources who were serious about taking care of shareholders. They are a real company doing real things, while stocks like FIMA trade on pure speculation without a single asset and not a dollar in the bank.

I think this stock deserves to be around .12-.20, and I think penny stock investors looking for a REAL company may flock to this stock and bring prices really high. The next 6 months should be very interesting for this stock.

Also, trading on the TSX market is more active, with hundreds of thousands of shares traded daily. Shares of GAYMF that I purchased never showed up on the days trading for the stock, instead I tracked my trade down to the TSX venture. Even though TDAmeritrade doesn't do the TSX, my shares traded right off of it. If one attempts to purchase shares at .045 or higher, they will often come straight from the TSX and not through the gray sheet. Shares were selling at a discount on the gray sheet while actively trading on the tsx for higher, but this ended today.

nice volume

MR McBALL$ is HERE

Thank You PB I am now aware. I will look into it.. TY

I created this board to raise awareness of an incredible company that is flying under the radar. GAYMF is financed with $12 million in cash and yet its market cap is only around $6 million. Even assuming that the Victorio project is a dud and that it is abandoned today, the stock is still half its value in cash.

Investors should see what Galway resources did for its investors. I was one of them!!! We got $2.05 cash plus a share of galway gold and a share of galway metal. Not bad considering this stock could have been purchased for as cheaply as a nickel.

Of the two spin-off companies, there is a lot more interest in galway gold because of the previous sucess galway had selling its last gold project and also because of the growing interest in gold. That company is valued higher than the $18 million it was financed with; but galway metals has for some reason stayed hidden, and now it can be purchased for below its cash value.

Act now, because prices under a nickel are unlikely to last in my opinion.