Share Name Share Symbol Market Type Share ISIN Share Description
Galantas Gold LSE:GAL London Ordinary Share CA36315W2022 COM SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 7.75p 7.50p 8.00p 7.75p 7.75p 7.75p 0.00 07:39:47
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.9 -1.0 - 8.32

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Date Time Title Posts
07/12/201623:37Galantas Gold - ISA eligible gold miner2,858.00
22/10/201308:37Galantas Gold PLC 21.00
10/1/201321:34Only worth 1/3 of a penny on fundamentals.....16.00
09/11/201011:00GALANTAS GOLD13,195.00
29/11/200811:49Galantas: Future Irish Gold producer / branding too!3,821.00

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DateSubject
11/12/2016
08:20
Galantas Gold Daily Update: Galantas Gold is listed in the Mining sector of the London Stock Exchange with ticker GAL. The last closing price for Galantas Gold was 7.75p.
Galantas Gold has a 4 week average price of 7.97p and a 12 week average price of 8.73p.
The 1 year high share price is 10.25p while the 1 year low share price is currently 3.75p.
There are currently 107,297,155 shares in issue and the average daily traded volume is 20,000 shares. The market capitalisation of Galantas Gold is £8,315,529.51.
12/8/2016
17:14
bageo: Galantas Gold upgraded after recent progress in Northern Ireland 15:36 12 Aug 2016 With a 29.4p price target Whitmore Howard sees more than 200% upside to Galantas Gold's current share price. hxxp://www.proactiveinvestors.co.uk/companies/news/129301/galantas-gold-upgraded-after-recent-progress-in-northern-ireland-129301.html
12/6/2015
09:08
rambutan2: I spose the question is, how much of the £10m can be raised from debt, as the share price isn't in a good place to raise equity ie 50m shares (approx 50% dilution) at somewhere between 5 and 7.5p? only brings in £2.5-£3.5m.
10/1/2015
00:29
foret: NEWS NEWS NEWS ! Galantas expects planning permit in Q1 By StockMarketWire | Fri, 9th January 2015 - 14:15 Galantas Gold Corporation says the planning permit for an underground mine on its open-pit property near Omagh, Co Tyrone, is approaching completion and is now expected during the first quarter. The company is informed that this is due to a potential environmental improvement in the location of a storage area which will be subject to further consultation procedures. Although the potential environmental improvement is thought relatively minor and comes forward very late in the determination process, the company is advised that this change in the proposal is necessary prior to a decision being made. The company is advised that no other changes are currently under consideration or required. The Company's expectations regarding timelines are not in its own control, as the planning process is being managed by the Department of the Environment (Northern Ireland) Planning. Short term funding for the project has been provided by an £100,000 addition to the existing secured loan facility from G&F Phelps Ltd (£1,214,268 - Sept 30, 2014). The loan carries interest at 2% above UK base rate, repayable on demand and secured by a mortgage debenture on the Company's assets. G&F Phelps Ltd is a company owned by Galantas Gold Corporation president and chief executive Roland Phelps, who is also a director of G&F Phelps Ltd. The increase in the secured loan facility is therefore considered to be a related party transaction for the purposes of AIM Rule 13. Accordingly, the directors, other than Phelps, confirm that, having consulted with Charles Stanley Securities, the company's nominated adviser, they consider the terms of the transaction to be fair and reasonable insofar as the company's shareholders are concerned. At 2:15pm: (LON:GAL) Galantas Gold Corporation share price was -0.13p at 3.25p
03/3/2013
18:49
bamboo2: Dalradian looking to extend their exploration, from 14-02-13, http://www.tyronecon.co.uk/articles/news/32205/goldmine-jobs-boost-hinges-on-planners-view/ Goldmine jobs boost hinges on planners' view Thursday, 14 February 2013 A goldmine company is seeking permission to initiate an underground exploration project at its Curraghinalt site near Gortin - a move that could generate over 50 new jobs. The announcement was made at a public information event held at the OwenKillew Community Centre in the village, at which over 50 people were present. Dalradian Gold will submit its application, which purports to extend the exploration site's existing adit (currently 700 metres) by 2,000 metres, on Monday next. Should Dalradian be given the green light, it is expected that the current workforce will increase from 33 to 84 within 12 months. Ed Kelleher, managing director of Dalradian Gold, stressed that all estimations were contingent upon planning approval and that it could be between nine and 18 months before a decision is made. Mr Kelleher also told audience members that 6,000 m3 of waste rock, a result of the planned exploration, would not be sold to the Department of Regional Development (DRD) for use in the impending A5 Western Transport Corridor project. He also moved to allay fears that his company would seek to withdraw from the Gortin site, after the exploration project was complete. 'Long haul' "We are in this for the long haul and we want to see this project out to the end. We have absolutely no intention of leaving. We have invested a huge amount of time and money here and we have never considered leaving," said Mr Kelleher. He informed those present that the exploration work was required to verify the findings of their Preliminary Economic Assessment (PEA). The PEA, carried out to help determine a mine's viability, states that the total Life of Mine (LOM) spend - 15 years - could potentially cost $302 million (Canadian dollars). The assessment revealed that a 1,700 tonne-per-day underground operation would produce 145,000 ounces of gold annually, at operating costs of around $532 per ounce. An ounce of gold currently retails at between £1,100 and £1,200. Also, It is expected that 2.2 million ounces of gold would be produced during the mine's lifetime, with an average mined grade of 8.1 grammes per tonne. The recent findings caused Dalradian Gold's share price to increase by 103%. Dalradian completed 9,500 metres worth of drilling in the second half of 2012, and total exploration efforts at Curraghinalt are expected to exceed 50,000 metres by the end of 2013. Residents were promised continued updates on the progress of the exploration project and invited to contact Dalradian for any further queries they might have.
01/12/2012
10:38
writz: bamboo, is that new news...? Or was that the reason for the slight twitch in the share price on Nov 6?!
27/9/2012
19:55
nat hart: And to think I used to believe that a gold mine in Ireland made it a more attractive proposition. Politically safe! How wrong you can be ... but unfortunately you don't find out until it's too late. The price of gold could still save us but the share price dropping this week on such good drilling results does not bode well for the future of GAL.
13/8/2012
09:04
nat hart: I think we are all waiting for the latest poor results. Even fairly good news sends the share price down 30% Perhaps we should get Dalradian to write our RNS's or better still get them to buy GAL. Sadly why would they want to?
19/6/2012
15:06
bamboo2: R&j, Re exit strategy, do you mean for Galantas, long term PI's or yourself? I have been here a long time and my first shares were about 14p. I have averaged down and am near to breakeven. I take my confidence going forward from Chris Browns' continued and increasing investment. Re, going underground, if the price of gold was to double, would you really be happy to see us walk away from the excellent grades below 55 metres? Compare the last years comparative performance of the Gal share price with the TSX market, it looks pretty good.
03/4/2012
17:04
tinvan: From Penny Sleuth, today. "This is not just a hopeful project. Galantas is actually mining gold today, and making good money out of it. The mine has an interesting history. It was started in the 1980s by RTZ Corporation for tax purposes, after the closure of its Cornish tin mine left it as a UK company with no UK mine. A change in the tax laws prompted RTZ to sell. Jack Gunter, who was about to retire after 15 years with RTZ, saw the opportunity and stepped in to buy it. In the tense political climate of the time it had one particular merit. As an open pit mine it required no rock blasting – and that meant no explosives that could fall into the hands of the IRA. Gunter, now in this 70s, is the chairman today, while the mining engineer Roland Phelps has been chief executive since 1997. Today, this experienced veteran duo are running a profitable, if small, gold mine. But they believe that the Omagh mine could soon be producing a lot more gold. And as Irish investors turn from chasing gold shares overseas to the gold on their own doorstep, the share price has been ticking up. Let me explain why. 400,000 million ounces of gold could be exposed Having last week been granted additional mining licences, Galantas's licences now cover some 600km2. Estimates made by the independent consultant ACA Howe back in 2008 suggest that these contain some 400,000oz of gold in nine different zones. These are set out in the following table: (Click on the chart for a larger version) As you can see, about three quarters of this gold is in the least certain 'Inferred' category, while only 16,000oz is in the 'Measured' category. But the 2008 Howe report also said that these gold-bearing zones could be extended to hold a total of 1.33-2.46 million ounces of gold, while further exploration targets could add another 400,000. Now ACA Howe is back on the case. Before the end of May it is expected to provide a resource update, adding ounces to its 2008 estimate and moving some from the 'Inferred' to the 'Indicated', and the 'Indicated' to 'Measured' categories. A whole new level to for Galantas to exploit and reap the rewards This will be important information for the share price, but Howe has a second purpose. It will also comment on Galantas's plans to move from surface to underground mining. Galantas has already produced its own mining scoping study, and Howe will provide confirmation of its cost estimates, of its operating methods and of its tailings storage. It will also comment on Galantas's plans to expand its processing plant, which uses a 'froth flotation' method to produce a gold concentrate that is sold, under a life of mine off-take agreement, to Xstrata Corporation. Assuming that ACA Howe's report raises no obstacles, Galantas will apply to mine underground and, although this is more risky than surface mining and will no doubt require Galantas to raise some capital, it should take production to a new level. And that should be good for the business. Last year, Galantas produced 6,479oz of gold, with some silver and lead credits taking the 'gold equivalent' up to 7,307oz. Although it is yet to publish full year results, based on figures for the first nine months the mine is likely to have delivered a net income of close to £1m, while cash in the bank should exceed £3m. Galantas shares are traded on both the Toronto Stock Exchange and AIM, where the current share price of around 5p values the business at £11.5m. That looks pretty reasonable for a cash-rich business making £1m a year. But chief executive Phelps is eyeing something much more substantial. With underground mining he reckons the mine could produce 50,000oz of gold per year. That should bring it to the attention of a much larger group of investors. Clearly, much is riding upon ACA Howe's report in May. I will be watching it with great interest."
31/10/2009
10:29
richandjanet: I think this falling on the expectation of a placing It was that another one of those strange 2000 buys in Canada that pushed the price up And heres a link to one of those irrelevant articles we like to post here. Of course this will have no relevance to the GAL share price if this happens We will still be making a loss The share price will be 3p while every other gold company in the world will have share price 10 times todays price http://www.kitco.com/ind/Wilson/oct282009.html
Galantas Gold share price data is direct from the London Stock Exchange
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