Galahad Metals

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

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Message: On Sale

I have not seen the Kitco Gold index where they show oil, precious and base metals be all green in a long time. I hope this is more than just a bounce off the oversold situation and that we will get a real floor in the commodities as this sell off was getting scary!

As for GAX, whisper is we have some better numbers in the second round of assays but until they are out, I am not counting anything. I guess we have a floor at 6.5 cents is probably the most positive thing right now. The Red Ore IPO must be very difficult to get done in the present market and I would not be surprised to see it pushed back.

As for accumulating more shares...If I did not own a boat load, this is certainly an attractive price. Part of the problem is that there is lots of other good deals out there right now. However, with our low market cap, it would not take much to see us getting a double from here. GLTA.

Glorieux

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