Galahad Gold Share Discussion Threads

[nil desperandum] 17/7/2007 09:28

I've taken company taxation into account - but not personal taxation of course, that's for you to worry about as with all investments.

[hawks11] 17/7/2007 08:57

I hope you are right Nil, I don't understand the doubters worrying about tax and other problems. When they say, "return money to the shareholders," they are are awarding all those major holders listed above with a bundle of cash. If they start selling I will be worried but until then just wait for the cash to be paid.

[keston07] 09/7/2007 13:18

Busy trading activity today.

[nil desperandum] 08/7/2007 07:48

Hi goldrush,

I think GLA is a tad undervalued but the play for me is the potential extras versus the minimal downside. We should get most of our money back at the end of the year ... so if UMN, the Niger assets, Quadra, or any of the others bits and bobs throw up some nice returns then we get that free bonus.

I reckon a worst case of about 16.5p and reasonable chance of 19p as we stand ...

[goldrush] 07/7/2007 17:15

Nil

I too have not closed out my UMN as I think something still will happen....remember LIONORE....I also like UMN Niger assets play.

Quadra is a good company and now with our moly play it certainly seems to be attracting attention.Say it got taken out at a 50% premium from here that's another 2p gross to NAV!!

GLA is undervalued IMHO but we have been saying that for a while now.

All IMHO.

[nil desperandum] 07/7/2007 08:16

Yes, indeed ... this wasn't the angle I was expecting for growth in the GLA NAV, but very happy to take it.

I'm still hoping for more action in Uramin, but that's starting to look less likely as time goes on.

[goldrush] 06/7/2007 21:44

Quadra is up another 4.1% to $16.42....at this price the movement over the last few days is equivalent to nearly 1p gross on NAV....now if this gets into play as people are speculating IMHO....Remember they can dispose of their shareholding on the takeover of the company.All IMHO.

[nil desperandum] 05/7/2007 08:32

I suspect that Galahad will be selling in Nov... any takeover before would be a nice bonus!

[goldrush] 04/7/2007 22:52

Did anyone notice Quadra was up 15% yesterday and only down 1.1% today....another takeover story?

[tyranosaurus] 04/7/2007 17:58

Is there anybody there ?

[nickcduk] 27/6/2007 15:11

Thanks for the NAV estimates. Im not sure either are attractive enough to get back in. I think they have got problems with the 60m tax write off from Skaergaard as well. I brought some IOS this morning which is trading at a 40% discount to cash. I think that might be a better bet.

[utwiq] 27/6/2007 15:02

I make it 18.32p fully-diluted and post-tax, assuming £60m tax write-off from Skaergaard

[pomp circumstance] 27/6/2007 14:59

last count was around 16.5p i think!

[nickcduk] 27/6/2007 14:52

There is awful lot of stock on offer at below the mid. 14.74p is what is being thrown back by selftrade. Im tempted on getting back in but they seem to be happy dragging their heels regarding handing back cash. Anyone have an upto date fully taxed and diluted NAV figure for GLA at the moment?

[hawks11] 27/6/2007 14:46

Not such a 'noice chert' now. Does the market not believe them? If they have made that announcement those very large holders mentioned above will be getting an awful lot of cash from thet distribution as well as having plenty of interest for the future.

[lowersharpnose] 26/6/2007 12:54

Notice of AGM

Galahad announces that its Annual Report and Accounts for the year ended 31 December 2006 have been posted to shareholders.

Galahad's Annual General Meeting will be held at 44 Davies Street, London W1K 5JA on Wednesday 18 July 2007 at 2 p.m.

rgds
lowerSharpnose

[hammy_davies_snr] 25/6/2007 16:39

noice chert

[alanji] 25/6/2007 16:39

That was a bit of an anti-climax to say the least. However, I have updated my figures using the accounts and statements. I also previously underestimated the dilutive effects of the remaining options and warrants. I calculate the fully diluted nav is currently 18.25p. This assumes repayment of the IMY loan, that the Shambahla tax loss is allowable against NDM profits and excludes any additional proceeds from NDM (up to 0.8p after tax). It includes full provision for tax on QUA and UMN (may be reduced by other losses or clever accountants!).

The only non cash asset held (assuming the NDM offer is accepted) is the QUA shares which are only 1.8p (after tax) per GLA share and yet the shares are at a large discount when there must be a strong argument they should be at a premium given the track record of the company.

[nuttynige] 25/6/2007 13:37

Good luck everyone, I may be back in the Autumn.

[bygadsir] 25/6/2007 10:45

We were obliged to wait six months to hear what we already knew.
The joys of instant communications !!

bygadsir

[aspers] 25/6/2007 10:02

The Board is "considering" a substantial return of cash to shareholders to
be announced by the end of the year.

CONSIDERING!!!!.......not very posative that!!....sold out today for a small profit, think this may now drift till some posative news......topped up in COP think that makes more sense.

[altom] 25/6/2007 08:20

Chairman says Quadra shares were worth £17.1mill. Now worth £19mill according to my calcs ? Statement confirms all the good news but does not really add much. Big Wide Yawn !!

[lowersharpnose] 25/6/2007 07:39

Results



The Directors of Galahad Gold PLC (AIM: GLA) are pleased to present the
Preliminary Results for the year ended 31 December 2006.

Post Year End Financial Highlights:

• Sale of Northern Dynasty Minerals Limited shares to QIT-Fer Et Titane Inc
and BMO Capital Markets for net cash consideration of £86.9m giving a
consolidated pre-tax profit of £46.4m.

• Disposal of shares and warrants in International Molybdenum plc to Quadra
Mining Ltd for consideration of Quadra shares currently worth £18m giving an
unrealised consolidated pre-tax profit of £16.8m.

• AREVA bid for UraMin valuing Galahad's holding at £81.5m - 22 times the
money Galahad invested only two years ago giving a potential pre-tax profit
of £77.8m.

• The Board is considering a substantial return of cash to shareholders to
be announced by the end of the year.

• Galahad is researching new investment opportunities including
diversification into soft commodities....

I was rather hoping that there would be an indication of how much cash was to be returned to shareholders and when the payment was to be made.

rgds
lowerSharpnose