Galantas Gold Share Discussion Threads

[panagos] 11/8/2016 15:05

dalradian has a Mcap of £176m according to advfn, but of course its mine is more developed.

[bahamasoil] 11/8/2016 14:35

Is Galantas eligible to receive Training funds from the Northern Ireland government or European funds pre Brexit completion?

This new kit needs to be manned and up and running to take advantage of £1k+ gold

[bmw30csl] 11/8/2016 14:29

Yes current m cap is around £12mn with debt of CAD$4.7mn I think so scope for it to double from here if gold remains around the £1k mark.

[the count] 11/8/2016 14:20

--->BMW30CSL

IIRC, some figures were put out to the market in one of the releases a year or 2 ago which put figures in the region of a Net Present Value (NPV) of roughly £15m at a gold price sterling equivalent of £750 an ounce, using a discount rate of 8%.

And other figures gave an NPV of over £19m at a price of £800 an ounce. I do recall working it out at the time and getting to an increase (or decrease if the price falls) in NPV of circa £4.6m for every change of £50 in the sterling equivalent of gold.

The price of gold today, given it's rise along with our more 'favourable' exchange rate due to BREXIT, is north of £1,000 per ounce, actually in a region of around £1,030 - £1,050 an ounce.

If we conservatively settle on a £1,000 per ounce rate, then we get an NPV of circa £37.5m on the company. I haven't done the exact sums, but what is our present market cap today....around £12m?

Hope that is of some help.

Regards,

THE COUNT!

[bmw30csl] 11/8/2016 12:54

Stock available at 10p

[bmw30csl] 11/8/2016 10:43

Anyone had a stab at valuing this?

[panagos] 10/8/2016 13:43

flirting with the 3 year high.

[panagos] 09/8/2016 15:05

opened up @ 16c in Canada.

[nobbygnome] 09/8/2016 11:25

TC

But you know me, I always want value so don't want to pay above the offer!

Things are certainly looking up for you with DEMG also doing well.

Nobby

[panagos] 09/8/2016 10:49

Hi TC,

Also as the costs are incurred in GBP and reported in CAD this will privide a tailwind effect with the recent weakness in GBP,

Regards

[nobbygnome] 09/8/2016 08:19

I see the price was up about 10% in Canada overnight. However, the MMs have killed any trading this morning with a ridiculous spread. There is still nothing on offer at 8.75 so I am not sure there really is any stock available.

GLA

Nobby

[panagos] 09/8/2016 08:09

mining equipment RNS, should move up today.

[bmw30csl] 08/8/2016 22:30

If you want stock it is out there

[nobbygnome] 08/8/2016 14:47

I tried to buy 25k this morning but nothing doing. This will move sharply if anyone buys a reasonable size, although they will probably have to pay above the offer!

Nobby

[panagos] 08/8/2016 14:11

6.000 buy just gone through @8p.

[nobbygnome] 05/8/2016 14:40

No online quote at all at the moment. I can't even get 7500 (the NMS for the MM on the offer)!

[panagos] 05/8/2016 14:11

hi TC of course you can sell, I know that there is no loyalty in the stock market!

[the big fella] 05/8/2016 14:07

I hold marginally less than you but in the fortunate position of having an ave buy price of under 5p. I agree, but short term buying pressure could easily pop this.

[the count] 05/8/2016 13:56

--->PANAGOS & NOBBYGNOME

....I am just watching with interest.

For me nothing is going to happen till after the legal challenges are out of the way.

I did trade a few when it broke beyond 8p a short while ago and re-purchased at below 7p. Changed the habit of a life time, but then again why should I let others have the fun while I am left holding the baby?

I hold over 1% of the company so I am obviously relying on getting to produce the stuff in the first place.

Regards,

THE COUNT!

[panagos] 05/8/2016 11:22

a big buy could send this to 10p easy..

[nobbygnome] 05/8/2016 11:08

Not surprisingly the MMs are still bidding up for stock and there is no cheaper offer at 8p so it won't take much for a further rise.

Nobby