44 million shares at 50 cents were issued by Galway when the share price was around 47 cents. 20 million on Sept 9th and 24 million on Sept 29th.
The expiry was set for 4 months plus a day so the first 20 million shares flooded in on Jan 10th when the sp was $1.55 but as the 20 million shares were washing through the sp price was driven down to around $1.15 just before the next wave of 24 million share flooded in at the end of January (say feb.1st). This caused a downward pressure to around the 95 cents mark. We have seen very low trading the last 3 days so I believe it has all washed through. Now gwy has the 22 million dollars for it's program and no more cheap shares as downward pressure on this gem. Upwards and onwards to all the longs.
we've been getting increasingly higher volumes lately and finally today with the spectacular results of the assays we made a good move up. In fact I think that we will see another good move up tomorow as well. Last time they released their result there was a much more significant move up the next day.
there's never been a better time to buy, and so I have increased my position by 25% today