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Galantas Gold Share Discussion Threads
Showing 20176 to 20198 of 20200 messages
|I week to wait. Looks promising to me.|
|So no white smoke yet, although the (relatively small amount of) buying may suggest the judicial review is going well! There is no online quote for even 5k shares so I guess that to some extent explains the relatively low volume. You can sell any amount you want at an improved bid price so not surprisingly it looks like the MMs are short!
|well, i guess if the court case gets out of the way we'd be trading towards the late teens.|
|I can't get a quote for any online even at 7.5p! The MMs certainly are twitchy.|
|So we are waiting for white smoke from the court in Belfast as the judicial review should take place over the next few days. That probably explains the twitchy movement from the MMs today.
|Huge volume both in the Uk and Canada - it does seem strange if the placing isn't complete yet why if someone wanted to buy large volume (I assume to drive the price to 9p) they haven't tried to be part of the placing .... or maybe they have?
A good sign for the potential interest when we get mining again.|
|That's it TC, thanks for the concise view on the matter. Look, for me having a much smaller position, I guess if a add to my position a penny or two more expensively won't really matter if we manage to pull the yellow stuff out of the ground sometime this/next year.
Your comment.... 'damn, whenever i want t buy more this happens...now do i prey it keeps risimg as i have many or shall i prey if falls so i can get a few more?'
That is always the eternal question for us as investors, isn't it?
When they go up, we wished we had bought more. Of course, the opposite is true when they go the other way.
But I have always warned with these smaller less liquid stocks... to get hold of a sizeable chunk of stock, it is best to try to accumulate when it's quiet or when they are heading down if you are confident in your assessment of the potential. But that is the most difficult thing to do as you can also be the one left holding the baby if your assessment is wrong or if your expectations take longer to materialise.
I hold many of these so I am obviously very happy when they move up as I gain 5 figure amounts for every penny up. But clearly, given the history of this stock, there has been more pain than gain in recent times.
I am not fussed either way as long as we start to produce gold (+ silver + lead) soon, and I believe we are close to doing so.
My take on recent price action? I rightly guessed there was yet another rip off funding round coming along when the stock slowly drifted down from recent highs of 10p+, but I had no idea when that might happen. As always, because we need the money, we accept a very lowly offer (4.5p this time around) but thankfully it is not as big a fund raise as it might have been.
If we can start to produce even some gold and demonstrate that we can generate some cash, then hopefully those same investors will be even more keen to invest the rest of the money needed, but at a higher SP, once they have the added security of a positive court outcome as well.
Don't forget, we already have our underground mining approval. The current legal stuff is a challenge to the authorities that granted that approval... they are not challenging us directly, but we are supporting the authorities in their defence of that.
I guessed today's action may have been down to a positive outcome with the recent funding round, but we have no announcement so I am as much in the dark as anyone else.
It may be some sort of tip or strong broker recommendation as has already been suggested.
Typical of my luck though, I tried to lob out 20k (that is the small amount that I try to trade) at 8.75p but missed the boat as others also had a similar idea.
Either way, we have to be happy as long as this is not some sort of pump and dump that gets us back to square 1 again.
|My guess is some tipsheet. But If contacted, GAL simply put out an RNS saying 'no reason known', but on AIM or TSXV one day's movement is unlikely to trigger regulatory enquiry.|
|Oops someone has some explaining to do on that movement without an rns|
|TC do you like today's action?|
|AST one to watch as well as these|
|Nobby, here are the relevant paragraphs from 6 December:
"As a result, the continued hearing will resume between 13 and 15 February 2017. Galantas said there is no guarantee that there will not be further delays nor that a timely judgement will be made.
"The company has received a report from the company's legal advisors engaged for the judicial review, and the company confirms that it will continue to stand alongside the planning authority in robustly defending the consent," said Gallants.
Good to be reminded that they are not batting alone - the local planning authority will be supporting them.|
|Now someone has paid 9p! Must be something afoot...|
|Someone willing to pay almost 8p when you could have bought at 5.5p this morning and now up over 50%! Amazing.|
|damn, whenever i want t buy more this happens...now do i prey it keeps risimg as i have many or shall i prey if falls so i can get a few more?:-)|
|Yes amazing rise today. Do we have a definitive date for the judicial review yet?
|top LSE raiser on no news?!|
|Roland should ask discovery channel to bank roll this. Problem is we need a Tod Hoffman!|
|But the gold price in sterling isn't far from all time highs. Assume cash costs are say £400/oz with a gold price of £1000/oz.
If they produce only 5,000 oz this year that's £3 million cash flow which could be used for additional mine development and to cover unforseen costs.
All the infrastructure and a lot of the equipment is in place already. This company just needs a bit more good fortune.
This company could easily justify a market cap nearer $20 - $30 million once it ramps up production.|
|Hazl, I've been out of PGD for years and years, except for a short but successful chart-based trading foray. But I do keep up for old times sake, and FWIW I think they're worth watching.
Duderino, more or less agree. Answer to ii) - highly likely IMO. Just the mining business. As for many multiples, that depends critically on the gold price. Much as I hope you're right :)|
Doobydave are you still in PGD?|