Galahad Metals

4 projects in Ontario, Quebec and Nevada (Gold, Silver,Copper,REE)

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Message: level 2

I would love to take credit for this bounce but the obligatory "sell on news" phenomena did what it always does.....oversells! my pumping....not so much!

I think our new consolidated base was higher than the .10 we traded down to after the nr sell off.

I'm not sure where we are right now because I feel the volume today is to low to really give us a clear signal as to our trading range. I want to add but can't talk myself into stepping up to this bump we have today. She goes weak and I'm going to be taking a close look. There is a fair amount of news pending and the CEO has some good plans going forward. I wish Hoov could give us some thoughts but unfortunately he can't say to much if anything at all. I do know he reads this little board so I just want to pass a thanks on to him as I see a few signs of his handiwork on our little company.

I think 2011 will have some pleasant surprises for us.

I trust some of you will keep some dry powder next month because I hope we can do a decent pp at a higher level to give us the Ammo we need to really drill this thing out.

I await the IP as that will be a big part of my decision process with future financing. So far it looks good!

We need to raise 2.5 million, based on the next drill holes and the corresponding ip information. Keep a close eye on the next few weeks and then let's push management to raise some cash to drill if we can hit a number that doesn't dilute us to much. Anyone interested in getting together and making an offer to management on a closed deal PP financing send me a pm and I'll try to put a proposal together in the new year. If you don't ask you don't get! I'm certainly interested if you guys and gals are!

imo..............carry

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