Galahad Gold Share Discussion Threads

[alanji] 19/2/2008 07:25

Credited to Selftrade account yesterday. Nothing yet for Brearley (Sippdeal)

[badtime] 18/2/2008 22:02

Thanks...nothing credited to my account as yet

[tiltonboy] 18/2/2008 10:10

Cheques arrived this morning.

[badtime] 18/2/2008 10:02

Did u received yurs?...syshippy u elected for option a...wen u expecting yurs?

[sharpshare] 15/2/2008 08:14

A share dividend payment of 16.5p today!
Anyone received the money yet?

[marco1] 13/2/2008 14:11

The new agricultural commodity play is called Agrifirma (see last Friday's Investors Chronicle).

If you read the Galahad EGM document they explain clearly why it was not possible for Galahad to continue as a quoted entity with a new focus while repaying the bulk of the capital to shareholders. Partial liquidation is not the same as full liquidation from the Inland Revenue's perspective, in the same way that you cannot be a little bit pregnant. (AIM companies are treated differently to full list when it comes to capital repayments and tax). It also goes into some detail showing how the board decided how to transfer the new co and its plans to Agrifirma. Agrifirma had to pay all costs to date plus a premium. In addition, the liquidation value for Galahad rose as Agrifirma took on the office lease and the employees transferred to the newco without triggering payout provisions in their contracts.

[marco1] 13/2/2008 13:58

Now reality has set in (16.5p cash plus a further payment of up to 2.85p) I need a little help with my maths. However hard I try I cannot make it equal zero.

[alanji] 08/2/2008 18:06

"Galahad Gold plc announces that the resolution proposed at the Company's EGM
held today, Friday 8 February 2008, was duly passed."

Well that's a relief!

Yes Galahad has been a good friend. I first bought in May 2002 - sold in Oct 03 for a 34% profit. Back in (and out - at the wrong times most of the time!) from Dec 04. I would have made an overall loss last year had it not been for GLA - it was my most profitable share last year.

The only question is what current value do I use for my accounting? Think I will go for 18p per share (just in case) - which puts me into profit for this year!!!!!!!!!!!!!!!

good luck to all and see you on our other favourites CED TIR AMN - any more recommendations?

Alan

[pomp circumstance] 08/2/2008 10:07

Slater will probably poke fun at you even more by taking the EPIC for the new soft commodities venture that he promised then went back on so he could get a bigger bit of the pie for himself!!

[renew] 08/2/2008 10:01

Thanks to all of the contributors that made this an excellent (and profitable thread) if only halfthe other threads were inhabited as intelligently.
Best wishes to all.

[barry pringle] 07/2/2008 23:18

Great thread

[tiltonboy] 07/2/2008 23:12

Sharpshare,

We're both keen on CED, which trade at a large discount to NAV.

tiltonboy

[sharpshare] 07/2/2008 20:41

tiltonboy, SKYSHIP

Goodbye profitable GLA
(I wonder who will get the ticker next)

Pleased to see your estimates higher than mine. I have the feeling that they have been conservative with the numbers - they would rather surprise on the upside. It seems the directors have been very nice to shareholders and have waived certain fees - very unusual for a listed company as it is often the other way around with directors just too tempted by absolute control and easy pickings.

Another successful Jim Slater investment. Now lets hope they stick to the timetable and no nasty liabilities creep out.

16.5p cash back by next Friday.

Any other investments I should be looking at?

My current personal favourite is PHPT (allowable in SIPPs and ISAs and normal broking accounts)
Physical platinum ETF.
Why?
Because demand is now exceeding new mine supply in a very very thin market + investors are hoarding bars competing with car buyers.
PHPT holds about 230,000 ounces up from nothing a year ago which is about 3.5% of world demand just in 1 fund. (90,000 ounces added in last 3 weeks)
Oh and the biggest producers in the world in South Africa do not have enough electricity anymore.
Just wait until the Americans are allowed their own platinum ETF.

Okay the platinum price is at an all time high of USD 1,840 per ounce (still way below inflation adjusted high) and is in a bubble, but I think it could go a lot higher before crashing. Not racy enough? Have a look at Rhodium at USD 7,500 per ounce.

[skyship] 07/2/2008 17:54

Fine by me. Have a good weekend!

(PS - finished UP today thanks to GLA + Index Puts).

Oh Yes - & have a look at FKI over the weekend....

[tiltonboy] 07/2/2008 15:55

SKYSHIP,

Farewell indeed. Let's just hope it does as it says on the can!!!!

I hope to get the 0.48p this year, but do not expect the 2.37p until next year.

tiltonboy

[skyship] 07/2/2008 15:48

So farewell Galahad - last day today. Been a good friend over the years; now just looking for that final 2.85p (after the 16.5p of course!) and maybe in advance of end'08 rather than mid'09.

[tiltonboy] 07/2/2008 10:20

Sharpshare,

Hoping for 2.85p, but may have to take a fraction less. Timing is also a question.

tiltonboy

[sharpshare] 07/2/2008 10:14

Last opportunity to trade GLA on the stock market.

Any views on the amount of the final capital liquidation payment?
Best guess so far is around 2.7p. (it could be less or more or nothing)

[pomp circumstance] 05/2/2008 06:35

gone quiet here!!

marky mark, you havent been posting have you? And now have nothing to say!!!!

[pomp circumstance] 02/2/2008 08:35

funny how Marky Mark is starting up another co investing in soft commodities!!

Excuse for not switching Galahad into it is tax.

Just as i predicted.

Tax reasons - bullocks, just easier to get a bigger piece of the pie pre ipo with a newco!!!

[badtime] 01/2/2008 18:53

the best i did yesterday was 17..make sme feel btr tht someone has paid 17.5 :)

[skyship] 01/2/2008 17:23

TILTS - someone paying 17.5p for 250k. Certainly makes your buying earlier in the week look a bit of a coup!

[badtime] 31/1/2008 01:04

Sigh ..interest rate cuts,,dont want that ...wont earn as much on tht cash pile now..depends of course where its invested