Galahad Gold Share Discussion Threads

[papillon] 02/5/2007 21:49

UMN still rising. Strong in Canada. Should open around £3.10 tomorrow.

[nod] 26/4/2007 23:57

The current market cap of QUA appears to be around US$ 450m

GLA's 7.1% of QUA would then be worth US$ 31.5m (£15m)

This doesn't seem to be reflected in GLA's price.

[nod] 26/4/2007 23:52

QUA has risen 60% since they made the offer for IMY

[goldrush] 26/4/2007 17:33

and again in UK.

[papillon] 25/4/2007 22:41

UMN finished strong in Canada.

[swalker] 24/4/2007 13:18

Nice update from UMN on Bakouma.

[nod] 24/4/2007 09:02

IMY up 30% in April - presumably on the strength of Quadra.

Mon Apr 23, 2007
Quadra Mining Ltd. Announces Strong First Quarter 2007 Financial Results

--------------------------------------------------------------------------------

(All figures are in $ US thousands unless otherwise stated)

Vancouver, Canada - April 23rd, 2007 Quadra Mining Ltd. (the "Company" or "Quadra") (TSX: QUA) is pleased to announce net earnings of $43,111 or $1.13 per share for the first quarter ended March 31, 2007. For the three months ended March 31, 2007, Quadra recorded revenues of $136,455 which is a 62% increase compared to revenues generated for the same period in 2006.

[pomp circumstance] 20/4/2007 07:35

ah ha, smart move by big Jim!!

[grgkecer] 20/4/2007 07:20

Slightly inaccurate:

"Upon the Offers becoming unconditional in all respects and assuming full
acceptance of the offers, Galahad will own approximately 7.1% (6.4% fully
diluted) of the issued share capital of Quadra. Galahad has undertaken not to
dispose of any new Quadra shares issued to Galahad under the Offers for a period
of six months following the date upon which the Ordinary Offer becomes
unconditional in all respects, save in certain exceptional circumstances,
including a takeover offer being made for Quadra."

Quadra issued new shares and warrants yesterday:

[pomp circumstance] 20/4/2007 06:55

Galahad gave an undertaking not to sell their QUAD shares for 12 months!!

I assume thie must be some exclusions to that and if a buyer had 90% they would have to sell their 7% anyway!!

[grgkecer] 20/4/2007 06:48

Quadra Mining next takeover target?

[grgkecer] 19/4/2007 16:03

Of course, when Quadra goes down, as today, Galahad NAV does too.

[jameel2] 18/4/2007 12:09

grgkecer, I must say Mr Slater is not that bad at picking up good stock. GLA have a more than competent management team this is why im in this one!

[grgkecer] 18/4/2007 08:50

jameel2

If the IMY acquisition completes, shareholders will receive an already determined number of Quadra shares. The more the Quadra price continues to increase, the greater will be the value of these shares, and thus the NAV of Galahad. The extent to which this is reflected in the Galahad share price will be decided by the market.

[nod] 18/4/2007 01:25

Quadra 2006 results

[nod] 18/4/2007 01:19

tiltonboy - thanks for the update

jameel2 - great production from Qudra




Vancouver, Canada -- (April 16th, 2007). Quadra Mining Ltd. (QUA.TSX) announces that on Monday, April 23rd, 2007 at 11.00am ET (8.00am PST) senior management will report on the Company's financial results and operational performance for the first quarter ended March 31st, 2007.

[jameel2] 17/4/2007 21:33

grgkecer, I wonder whether u can shed some light. does an increase in qua mean that if IMY deal goes ahead then GLA shares will increase accordingly.

[tiltonboy] 17/4/2007 21:22

Update on NAV with Quadra at C$13.60.

NAV = 20.5p

NAV with profits on UMN and Quadra taxed at 30% = 17.7p

[grgkecer] 17/4/2007 16:36

Quadra up again - now >50% above the price at the time of IMY offer.

[jameel2] 11/4/2007 22:42

why the recent increase in GLA: some clues may be:

Vancouver, Canada -- April 9th, 2007 Quadra Mining Ltd. ("Quadra or Company") (QUA.TSX) is pleased to announce the 2007 first quarter production results from its 100% owned Robinson Mine ("Robinson" or "mine") located in Ely, Nevada. Key operating metrics are shown below:

Q2 2006 Q3 2006 Q4 2006 Q1 2007
Copper produced (Million lbs) 27.8 33.3 35.3 36.6
Gold Produced (oz) 12,532 20,425 27,646 31,040
Waste mined (Tonnes 000's) 16,605 14,425 13,964 16,249
Ore mined (Tonnes 000's) 3,274 4,175 4,121 3,068
Ore milled (Tonnes 000's) 3,422 3,426 3,919 3,302
Copper grade (%) 0.52 0.69 0.67 0.67
Gold grade (g/t) 0.24 0.32 0.41 0.46
Copper Recovery (%) 70.3 63.4 61.0 75.0
Gold Recovery (%) 47.5 57.9 53.7 63.1

In the first quarter 2007, copper production of 36.6 million pounds was a quarterly record for the mine as operated by Quadra while gold production of 31,040 ounces was a historical record for the mine, exceeding any previous quarterly gold production as operated either by Quadra or BHP Billiton.

Paul Blythe, President of Quadra said, "We continued to maintain our production momentum at Robinson through the quarter. I am very proud of the accomplishments of the team at the mine and the improving production trends for copper and gold over the past twelve months. Over this period, quarterly copper production has steadily improved by about 30% and quarterly gold production has dramatically improved by approximately 150%. We have been able to reap the benefits of continuing high mill throughput and improved recoveries. Robinson, as a skarn deposit, is difficult and results are likely to be erratic in any month or quarter. Nevertheless, clearly we are making good progress in getting in front of these complexities."

Mr. Blythe continues, "I would single out gold for a couple of specific comments. Gold production in the first quarter has already exceeded half of our annual gold production guidance. This is a result of higher head grades than estimated in the block model and higher than historical recoveries. As we gain confidence on sustainability, we will revisit our expectations."

[jameel2] 11/4/2007 22:38

In fact I rather prefer our money invested in quad:

In aggregate, the offer values International Molybdenum at £15.1m. If the deal completes, Galahad Gold will end up owning 7.1% of Quadra.

Quadra owns and operates the Robinson Mine near Ely, Nevada and is in the process of developing the Carlota project, a copper project located in the Globe-Miami Mining District of Arizona. Quadra also has an option on the Sierra Gorda Project in a region of northern Chile where it is conducting an exploration programme.

[jameel2] 11/4/2007 22:35

Gold mining rule of thumb

Curiously enough, this rough and ready guide seems to hold good today. Figures calculated by the Mining Business Digest in 2000, based on data for corporate acquisitions in the gold sector, reckoned that those at the earliest stages of exploration, with some inferred resources, would be valued at most at around 3.5% of the underlying metal value in the ground. An average for those with more tangible metal assets to develop would fetch around 11% of underlying value while those in the early stages of production could see a value of anything from 15% to 25% of the value of the underlying ounces of metal in the ground. It is not a hard and fast rule, however, and those mining base metals are valued at correspondingly lower rates.

There is some more data confirming this gold mining rule of thumb. According to figures compiled by Galahad Gold and sourced from broker reports and the publication Gold Stock Analyst, the average value placed on 'ounces in the ground' in 2005 was $120 for second tier companies about to start production, $50 an ounce for those with resources that had been measured and/or indicated, and $32 an ounce for those with simply inferred resources. This compares with an average gold price for 2005 of $444, making the respective percentages 27%, 11.2%, and 7.2% – not too far from those quoted earlier.

Expert opinions

As an aside, Galahad Gold (which numbers Jim Slater and his son Mark among its directors and shareholders) calculates that its own resources of gold and precious metals, mainly inferred, are currently valued at around an aggregate of $12 an ounce, versus the benchmark of at least $32.

[jameel2] 11/4/2007 22:18

AlanJI enjoy profits??? well not yet! I wait to creame more before top slicing! Not in the game of sweeping pennies!

By the way I wonder where GLA goes next with investment options: Maybe some of these maybe interesting:

'Sondex, Burren Energy, Sterling Energy, PlusNet, Genus, Dalong Electronics, Domno's Pizza, Chorion and Galleon Holdings.'

They were companies specifically mentionned in a presentation last year! SEY? Maybe a good one. Just a thought!

as per:

[alanji] 11/4/2007 19:23

Don't get too excited Jameel. I suspect most of the late reported buy (or sell) would have been matched with the 1.525m sell (or buy) reported at 8.53 am). Just enjoy the profits!!

[jameel2] 11/4/2007 17:39

My analysis shows a big buy coming at 16.30 (approx 1.5mn). Is this correct? Can someone confirm?

also any ideas or comments on what this could be? A big buy esp. when the share price has alreay rocketted! Does someone know something we dont?