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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Galahad Gold. | GLA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 17.04 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 17.04 | 17.04 |
| Top Posts |
|---|
Posted at 13/2/2008 14:11 by marco1 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. |
Posted at 07/2/2008 20:41 by sharpshare tiltonboy, SKYSHIPGoodbye 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. |
Posted at 18/6/2007 19:53 by buffin The bid by AREVA, the French uranium company, for UraMin has received plenty of attention in the press, but there is a sub-story developing underneath it which may be of interest to those investors who had no shares in UraMin. Earlier this month UraMin announced that it had agreed to form a joint venture with Canadian listed Northwestern Mineral Ventures over a total of eight highly prospective uranium concessions in Niger. Each company will have a 50 per cent interest in the new company prior to an IPO as it is now moving towards a listing on AIM. A name has yet to be announced officially but Niger Uranium looks a fair bet and more should be heard about it in the near future.Northwestern will contribute two properties, the Irhazer and In Gall concessions, and UraMin six uranium properties, Kamas 1 to 4, and Dabala 3 and 4, which are located in the same geographic area as AREVA's two producing mines in Niger. UraMin will also make a US$15,000,000 contribution to the company from which Northwestern will receive a cash payment of C$4,800,000. Each company will receive a 3 per cent net smelter royalty on the production of uranium and any other ores and/or minerals produced from their contributing licenses Ian Stalker, the chief executive of UraMin, has been appointed executive deputy chairman and president of the new company while Neil Herbert, the finance director of UraMin, will be chief financial officer. Both are obviously directors of the new company as is Marek Krekzmer of Northwestern who will be managing director and chief executive. Marek is well known in London from his previous involvement with Tan Range Exploration with assets in Tanzania. The important thing is that Niger Uranium covers the waterfront with highly prospective assets as well as Northwestern's established exploration team in Niger and UraMin's management with its world wide experience. It should also be remembered that Niger is a mature uranium mining environment and with the combination of UraMin and Northwestern Minerals behind it Niger Uranium should be able to carry out its exploration programme at a great pace. As Marek Kreczmer points out, the combined entity will have considerable financial and technical resources at its disposal and it will be working on some of the most prospective exploration properties in Niger, which is already one of the world's largest uranium producing nations. Initial results from Northwestern's exploration programme combined with previous exploration results have enabled the delineation of high-priority areas and a drill programme will begin shortly. All the properties are located in the Tim Mersoi Basin and uranium values ranging from 0.22% U3O8 to 1.0% U3O8 from five of 16 surface rock samples collected from outcrops have been reported from Irhazer and In Gall. The Tim Mersoi basin is a world class uranium province wherein the deposits, hosted by sandstones, occur as tabular stratabound, roll front and tectonic-lithologic deposits, which formed under reducing conditions and consist of pitchblende and coffinite (Akouta, Arlit, Afasto, Madaouela) associated with Carboniferous terrains or oxidized (Imouraren) within Jurassic age formations. Producing mines and deposits in Niger typically grade from 0.1% to 0.42% U3O8, with the highest grades being mined at greater depths. Niger has been mining uranium since 1971 and past production from its two operating mines exceeds 100,000 tonnes of uranium (approximately 2,600,000 lbs of U3O8) to the end of 2006. With an output of over 3,434 tonnes of uranium in 2005, Niger was the world's 3rd to 6th largest uranium producer contributing 7.5 per cent of the total world production. This spin-off of Niger Uranium will go ahead whether or not the AREVA bid for UraMin succeeds as some investors are reported to be holding out for a higher price. However it makes more sense if AREVA is involved via UraMin as it is the world leader in nuclear power and the only company to cover all industrial activities in this field. Its mining business covers prospecting, mining and concentration of uranium ore and it already has existing operations in Niger. This is a new issue that is going to attract a lot of attention given the success of UraMin and it will be interesting to see how much money is raised. |
Posted at 10/4/2007 12:15 by swalker The big problem with the cash back will be how it will be arranged. If in the form of a dividend then the private investors will be stuffed since they will face up to 40% tax on it. If it was done as a B share issue then that would be better for most given the ability to time it tax wise. This problem has been seen at IPL where they have their big 60p dividend coming up but its AIM so people are facing a tax problem so Id imagine that many are selling to take the dividend as capital gain rather than income taxable event. |
Posted at 10/4/2007 08:34 by nod jameel2 indirectly answered my question there... i forgot the IMY offer was shares in Quadra rather than cash. This means GLA would not be fully cashed up. Pity.QUA seems to be 83% institutional investors - but I haven't found who they are yet. Here's the last company results, released in March: |
Posted at 30/3/2007 15:39 by cagr Hattori, run along with your £100 winnings will you and leave GLA to the savvier investors. You said you have made your pocket money and will now leave it so please do us a favour and go. I look forward to hearing back from you in 3 months time when the £60mln capital distribution plan has ben announced, some how i dont think you'll return to face your misunderstanding admission. bye bye |
Posted at 30/3/2007 15:20 by hattori_hanzo Anyway, I was only responding to the rude comments thrown in my direction by cagr, so I'm off.I wish all investors (except the clueless clown) the best of luck. I actually think GLA could still do well for you. |
Posted at 30/3/2007 14:47 by cagr 'short term investors'? more like fools to me, to be blunt. For any company about to return £60mln in cash (most likely) back to investors with a £100mln mkt cap, i fail to find anything else out there at present which offers such a low risk, guaranteed return. Free money and respite for the longer holding investors! they should announce something soon i believe, i look forward to the cheque in the post! |
Posted at 30/3/2007 14:35 by jameel2 cagr, these boyz must be short term investors. GLA has alot of potential esp. with return of funds to shareholders. IMY is still great news for GLA. nothing changes! 2 weeks ago the IMY news about takeover and subsequent increase in price to 10p was excellent news. That news still holds as the takeout price is still 10ish |
Posted at 30/3/2007 14:14 by cagr how can people sell this company at such an imperative time? the company is about to give approximately 30-50% of its mkt cap back to investors through dividends, most likely. Crazy. |
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