GGL Diamonds,the diamond explorer that found nickle Message Board

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Gold/Mining/Energy : GGL Diamonds,the diamond explorer that found nickle

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To: james flannigan who wrote (5)	7/31/2007 9:06:56 AM
From: Mr. Oil	Read Replies (1) of 43

Thanks James for the update. If GGL does have a major nickel discovery then I agree that $65 M will be very low. I do think it is prudent to look at share dilution as it will have a direct impact on selling into any good news rally. I understand you may just look at it to determine market cap but the more dilution a company has the more selling from the tired shareholders you will see into any rally. And I can assume that after so many duds being tested and found wanting that shareholders of GGL will be happy to find an exit for at least some of their holdings should they drill and find a significant core of mineralization. Not that I am put off by that. I like to understand the structure so I can know what to expect under the circumstances. I like owning a basket of stocks with significant upside so I may pick up some just for the possibility of a new Voisey's Bay. Cheers.

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