The perils of an extrremely illiquid stock. Someone wants to sell a couple of thousand shares the stock drops, then the HFT terminals send it down another dime. Same on the buys going the other way. Not a stock to own if you are the kind of person that lets the market tell them if they are right or wrong. You need conviction to ride this pony.

That said, the Bulk sample should be about 60% complete, and by mid-april we will have all the attention back on the three diamond rigs. In the mean time, with any luck maybe we get some news from the Faraday 3 drilling. They should have 2 or 3 holes complete there and if any come back with 40m+ we will surely see the tonnage estimate revisited.

My personal belief is that we have been squeezed twice here in the past month and a bit. First with our own financing where up until a week ago, you could call the company and get as many shares as you wanted at $3.55. Second the MPV Rights Offering has a lot beaten up junior mkt participants scrambling for cash to fund their $4 purchases. There is a logical overlap of course in the two companies shareholder base.

With the exploration drilling running at full speed and these financings finally behing us, April is set up to be a great month imo.

GLTA,
Buck

There is just under $3.7m to go. word is a flow through fund is taking just under $2m but hasn't closed it's offering to the public yet, so hence the delay. while we wait on that expect a "third tranche" of just under $2m to close soon, and then the forementioned flow through shares to close in a month or so.