Galantas Gold Share Discussion Threads

[bageo] 29/9/2017 16:25

approx 0.5m shares trade today in london (just over half a day)
2m shares in Canada - still open

[bageo] 29/9/2017 16:23

Hopefully this will allow the company to proceed with the mine, as they are, without interference but i do note the BBC article says "Dismissing his legal challenge, she said: "I am, however, satisfied that in respect of the impugned decision the department was assiduous in complying with the duties imposed upon it under the various regulations."
Following her verdict Mr Donnelly indicated he may appeal the decision"



panagos
Both Gal and Dalr are interesting -

Gal -
decent reserves and resources
production facilities in place
no cyanide used
planning permission confirmed
underground mine in construction, early ore with main ore only a few months away
significant shareholders - Roland, and Ross Beaty
minimal cash requirements except for mine development (and equipment for scaling up) - maybe offset at least in part by early ore cash
debt for equipment likely
little PR - hopefully this can change now judicial review is out of the way. Presentation needed on website more than anything. Conferences can follow.

Dalradian
larger reserves and resources
planning needed - likely to be public enquiry (1-2 years or more?)
production facilities need to be built (1 year?)
production facilities propose cyanide although trade off wasn't clear cut from released studies
Patrick Anderson and buddies - large canadian following including Ross Beaty
frequently on the big conference circuit
plenty of cash and short term dilution from warrants raising more

The gap should close - hopefully by Gal up not Dalr down!

[zhockey] 29/9/2017 13:43

So what are these worth?

[shirley83] 29/9/2017 12:44

Interesting NT to buy

[falia] 29/9/2017 12:18

boom boom time

[panagos] 29/9/2017 12:16

Well done Galantas.
Well done Mr. Phelps.
Thank you judge!
I expect GAL to be top riser of the LSE today?

[panagos] 29/9/2017 07:38

Good luck Galantas!


September 29th, 2017: Galantas Gold Corporation (the 'Company') announces that further to the announcement dated 26 September 2017 confirming the date of the judgement for the Judicial Review, the Company has agreed that the Company's shares will be suspended from trading on AIM at 7:30 am today pending announcement of the results of the Judicial Review.

[panagos] 27/9/2017 19:01

willib227 Sep '17 - 18:54 - 3115 of 3116 1 0 (Filtered)

Aaaahhh, that feels better.

[thecynical1] 27/9/2017 18:57

That wasn't bad.. !!! :)

[willib2] 27/9/2017 18:54

Panagos, surprised at your question 3112, thought that was your method my son.

[thecynical1] 27/9/2017 17:32

Looks to me like nobody is really interested in this share....i tried trading it a few weeks ago when it was at these levels..... Got in for a small punt ok.......but was quite happy to get out again around 5.6....there is no volume worth talking about.

Even now that they seem to have the PSNI problem at least partially solved, there is still no interest. Will be interesting to see what happens tomorrkw.

[thecynical1] 27/9/2017 17:29

Gambler's anonymous.....

[thecynical1] 27/9/2017 10:55

GA on hols?

[panagos] 27/9/2017 09:35

Why no one is trading this share before Friday's judgment?

Quite strange!

[panagos] 26/9/2017 07:21

Judicial review on Friday.

[goldguru2017] 19/9/2017 13:31

Kestrel Gold (TSX Venture Exchange symbol KGC.V)

Please allow me to bring your attention to this low-market capitalisation, high potential gold/copper exploration company that has assets in the ‘Eye of the Storm’ – the White Gold Area in the Yukon, Canada.


- Recently acquired acreage in one of Canadas most prolific gold areas – the ‘Eye of the Storm’ White Gold Area in the Tintina Gold Belt.
- Easily accessible, excellent infrastructure, safe jurisdiction.
- Sampling just finished, funded drilling programme about to commence
- >100g/T Gold sample from Clear Creek – excellent potential
- Peak values of 12,400 ppb Au from soil sampling on Val Jual
- Relative low market cap – CDN$4.2 million
- CEO with proven track record of growing public companies share price by multiples
- Leading Canadian gold geologist, Jean Paulter, running drilling campaign
- Nearby to discovered goldmines (Coffee, Golden Saddle)
- Val Jual /10 Mile Creek acreage surrounded by active 2017 programs by other companies
- Drilling news flow expected before year-end

Please do your own research on the Company before investing. Thank you for your time.

[thecynical1] 19/9/2017 07:14

When do you think they are going to start paying dividends? : )

[bageo] 18/9/2017 18:28

The only thing the 'accumulated deficit' means it that in future there will need to be a court order (assuming Canada is similar to UK or Ireland) to write this off to permit dividends. As already well explained by others it is a non cash item.

[panagos] 18/9/2017 15:36

There was a loan to the CEO (which is now the largest s/h) which was converted in shares.

Check out also Ross Beaty the mining legend who built Pan-American silver (and other mines out of scratch). He is our 2nd largest s/h and keeps buying too.

Only 2 things can stop this from being a multi-bagger.

1. A totally negative court case deceision (unlikely imho)

2. No gold (we know there is gold) or very little gold (not sure but I don't think so by early indications)

[panagos] 18/9/2017 15:28

it's the accumulated deficit. Gal does not have any borrowings.

Can you please send me a link to the PP prospectus so I can see the notes you are referring to ?

[gb904150] 18/9/2017 15:17

Is it merely an ongoing tally of the working capital deficit since the mine open pit production stopped in 2013?

Or is it outstanding and thus payable eventually i.e. a debt? And if so, to whom?

[panagos] 18/9/2017 15:07

Hi GB,

You are absolutely right about the deficit but me look on the notes and revert, thanks.

[gb904150] 18/9/2017 15:03

Hi Panagos,

Yes, that is the market cap - 171m shares @ 5.12p each so £8.7m or so.

But the last interims also talk of the company deficit of $37m (below).

Isn't that a factor in terms of the valuation?

What financing facility does it relate to?

As at June 30, 2017, the Company had a deficit of $37,985,273 (December 31, 2016 - $36,789,163). Management is confident that it will be able to secure the required financing to enable the Company to continue as a going concern. However, this is subject to a number of factors including market conditions. Refer to note 11(b)(iii) for private placement completed during the six months ended June 30, 2017.