Galahad Gold Share Discussion Threads

[asmagliocco] 22/5/2007 21:03

Hi Cassandra2, it's easy enough to read back through the RNSs. You'd see that 2 or 3 months ago GLA announced the sale of their remaining Northern Dynasty stake. This was the why I personally came back into GLA, I was always wary about the Alaskan project ever getting the go-ahead in the face of so much legal challenge and pro-environment lobbying. I'm sure GLA will do something emminently sensible with their cash now.

[lowersharpnose] 22/5/2007 20:55

AFAIAA, GLA has ~£80m cash, 2.95m shares in Quadra Mining (listed on TSX) and 20.3m shares in UraMin.

As a recent holder, I don't know what the pebble project is/was.

rgds
lowerSharpnose

[cassandra2] 22/5/2007 20:35

longterm shareholder in GLA but unfortunately neglected to follow the plot can I ask somebody if we still have the pebble project or have we sold the rights to a bigger developer?

[grgkecer] 22/5/2007 07:23

UraMin Inc.

Award of Additional Exploration Licences

Extends Recently Established Niger Uranium Project

[grgkecer] 21/5/2007 18:21

URAMIN IN NEGOTIATIONS WITH CNNC
China shops for foreign uranium properties as possible domestic shortage looms
The possibility of domestic uranium shortages has the China National Nuclear Corp., the nation's largest nuclear power plant builder, in discussions with numerous foreign uranium explorationists.

Author: Dorothy Kosich
Posted: Monday , 21 May 2007

RENO, NV -

China's largest nuclear power plant builder said it is in discussions with companies in Australia, Kazakhstan and Mongolia because of a potential domestic uranium shortage.

The Wall Street Journal reported Sunday that London-based UraMin (AIM, TSX: UMN) has been negotiating with China National Nuclear Corp. (CNNC). Lui Xuehong, Vice President of the CNNC's overseas uranium exploration unit, told the Power & Alternative Energy Summit that discussions are also ongoing with companies in Canada, Niger and Algeria.

Liu specifically referred to UraMin's "good assets in Africa," which include acquired or pending mineral rights in Namibia, South Africa, Mozambique, Botswana, Chad and the Central African Republic.

"We will participate in overseas exploration of uranium by buying mining rights of deposits or taking a stake in a particular project," Liu told the conference.

Shanghai Daily reported that China needs to add two reactors a year to meet its target of generating 4% of its power from nuclear plants by 2020. China National Nuclear plans to spend US$52 billion to build domestic reactors by 2020.

[papillon] 21/5/2007 18:19

Well we did get a rise but not much interest on this bb.

[papillon] 21/5/2007 08:57

UMN is showing further strength after confirmation that the Chinese National Nuclear Corp (CNNC) is in talks with UMN. CNNC reckon UMN have very good assets in Africa. This must be good news for GLA share price

[tiltonboy] 15/5/2007 15:45

Wiganer,

Sobered up yet?

Pleased to see the IMY offer going unconditional. I've built up a 6.5% stake in the warrants, and was starting to get concerned that RAB might try and spoil the party. Just need to get out of my Quadra shares at a decent price.

Hopefully IHGP, where I've also got a notifiable stake, is another one I need to come right...lol...

tiltonboy

[wiganer] 15/5/2007 15:40

o/t
So, we'll meet again in the Prem next season tilts. Was it ever in doubt with the mighty Emile in our side? :-)

[tiltonboy] 15/5/2007 15:36

Those figures look spot on.

[lowersharpnose] 15/5/2007 15:28

InterMoly announced today that the recommended Offers by Quadra for the entire
issued and to be issued share capital and traded warrants of the company have
been declared unconditional in all respects. In accordance with its irrevocable
undertaking, Galahad has accepted the Offers in respect of 106,666,700 InterMoly
ordinary shares (representing approximately 78 % of the InterMoly shares) and
3,333,350 InterMoly traded warrants (representing approximately 25% of the
InterMoly warrants). Galahad is expecting to receive 2,978,558 Quadra shares
(representing approximately 5.5% of the issued share capital of Quadra) on or
before 1 June 2007. Galahad has undertaken not to dispose of any new Quadra
shares issued to Galahad under the Offers until 15 November 2007, save in
certain exceptional circumstances, including a takeover offer being made for
Quadra.

Quadra stock quote:


2,978,558 * 12.8 = C$38,125,542 or £17,330,000

770.92m shares in issue, I make that about 2.2p a share.

Is that right?

rgds
lowerSharpnose

[lowersharpnose] 14/5/2007 19:38

Last year, the final results were released on 19th May.

Does anyone know when this year's results are due?

rgds
lowerSharpnose

[nod] 14/5/2007 19:31

27th April RNS:

Upon the Offers becoming unconditional in all respects and assuming full acceptance of the Offers, and assuming Quadra issues 10.4 million Quadra shares under the bought deal agreement (excluding any exercise of over-allotment option) announced by Quadra on 19 April 2007, Galahad will own approximately 5.7% 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 offer for InterMoly shares becomes unconditional in all respects, save in certain exceptional circumstances, including a takeover offer being made for Quadra.

If 2kpromoe is around, you may want to swap the IMY chart in the header with a QUA one.

[grgkecer] 14/5/2007 17:15

Recommended Offers by Quadra Mining Ltd ('Quadra') for International Molybdenum
plc ('InterMoly'') declared unconditional In all respects

[goldrush] 09/5/2007 13:00

lSN

Exactly what I was after.Could you post that on UMN thread please.

[lowersharpnose] 09/5/2007 12:51

goldrush,

If you are asking about GLA's holding of UraMin, then, from the website,



A 7.34% (6.40% fully diluted) interest in Uramin Inc, a uranium development company (www.uramin.com) with development interests in South Africa and Namibia.

rgds
lowerSharpnose

[goldrush] 09/5/2007 12:43

Anyone have info on how much GLA holds ?

[tonytravel] 08/5/2007 14:58

nod - many thanks. I find the misrepresentation is very dissappointing.
I am optimistic that this share will do well, with the Slaters involved, regardless of the mm`s activities.

[nod] 08/5/2007 11:31

tony - interesting. i reckon that now the trade information is widely available to Joe Public the MMs go out of their way to disguise trades by manipulating the spread and delaying as many trades as they can.

Why would they want to make it look as though all GLA recent trades are Sells?

08/05/07 11:20 14.5 37,500 O 14.5 14.75 Sell 0 128,204 0
08/05/07 10:59 14.5 20,000 O 14.5 14.75 Sell 0 90,704 0
08/05/07 10:38 14.575 15,000 O 14.5 14.75 Sell 0 70,704 0
08/05/07 10:32 14.57 17,021 O 14.5 14.75 Sell 0 55,704 0
08/05/07 10:10 14.57 8,983 O 14.5 14.75 Sell 0 38,683 0
08/05/07 10:00 14.575 6,000 O 14.5 14.75 Sell 0 29,700 0
08/05/07 08:51 14.575 10,000 O 14.5 14.75 Sell 0 23,700 0
08/05/07 08:20 14.5 10,000 O 14.5 14.75 Sell 0 13,700 0
08/05/07 08:15 14.5 3,200 O 14.5 14.75 Sell 0 3,700 0
08/05/07 08:06 14.6 500 O 14.5 14.75 Sell 0 500 0
04/05/07 16:29 14.5 10,000 L 0.0 0.0 ? 0 0 0
04/05/07 16:29 14.5 100,000 L 0.0 0.0 ? 0 0 0
04/05/07 16:28 14.5 150,000 L 0.0 0.0 ? 0 0 0
04/05/07 16:27 14.54 125,000 O 14.5 14.75 Sell 3,373 992,612 0
04/05/07 16:26 14.5 125,000 T 14.5 14.75 Sell 3,373 867,612 0
04/05/07 16:07 14.575 15,725 O 14.5 14.75 Sell 3,373 742,612 0
04/05/07 15:56 14.6 16,956 O 14.5 14.75 Sell 3,373 726,887 0
04/05/07 15:47 14.575 50,000 O 14.5 14.75 Sell 3,373 709,931 0
04/05/07 15:11 14.575 10,000 O 14.5 14.75 Sell 3,373 659,931 0
04/05/07 14:53 14.5 100,000 O 14.5 14.75 Sell 3,373 649,931 0
04/05/07 14:50 14.575 25,000 O 14.5 14.75 Sell 3,373 549,931 0
04/05/07 13:55 14.575 50,000 O 14.5 14.75 Sell 3,373 524,931 0
04/05/07 13:35 14.5 15,725 O 14.5 14.75 Sell 3,373 474,931 0
04/05/07 12:51 14.5 50,000 O 14.5 14.75 Sell 3,373 459,206 0
04/05/07 12:37 14.55 100,000 O 14.5 14.75 Sell 3,373 409,206 0
04/05/07 12:25 14.5 118,206 O 14.5 14.75 Sell 3,373 309,206 0
04/05/07 12:09 14.5 150,000 O 14.5 14.75 Sell 3,373 191,000 0
04/05/07 11:25 14.3 24,000 O 14.25 14.75 Sell 3,373 41,000 0
04/05/07 10:34 14.45 250,000 L 0.0 0.0 ? 0 0 0
04/05/07 10:11 14.3 7,000 O 14.25 14.75 Sell 3,373 17,000 0
04/05/07 10:01 14.3 10,000 O 14.25 14.75 Sell 3,373 10,000 0
04/05/07 08:58 14.5 150,000 L 0.0 0.0 ? 0 0 0

[tonytravel] 08/5/2007 10:41

Just for information - My trade of 8983 was a Buy not a Sell.
I wonder how much other data is incorrect on the Trades screen ?

[nod] 08/5/2007 09:19

and the spot price of uranium goes up and up

[papillon] 07/5/2007 22:49

UMN closed in Canada strongly. Equivalent price > £3.20. Uranium also finished strongly on 1st day of trading on NYMEX. Closed at $140. UMN is an investment that GLA will keep.

[grgkecer] 05/5/2007 08:54

There is still a potential further gain from the first NDM sale:

On 26 January 2007, Galahad entered into an agreement to sell a 10.3% stake in
NDM to QIT-Fer Et Titane Inc, an affiliate of Rio Tinto plc (Rio Tinto), for
C$94m (#40.3m). The sale price was equivalent to C$10 per share. This sale was
completed on 6 February 2007. Rio Tinto has agreed in certain circumstances to
pay incremental consideration to Galahad. If prior to 31 December 2008, Rio
Tinto resells the NDM shares purchased from Galahad in acceptance of an offer to
acquire all outstanding shares of NDM, it will pay Galahad half of the realised
profit. If prior to 31 December 2008, Rio Tinto purchases additional shares in
NDM at a price greater than C$10 per share from a third party other than NDM,
Rio Tinto will pay to Galahad an amount equal to the price per share paid in
such purchase minus C$10 (to a maximum of C$2 per share) multiplied by the
lesser of the number of shares so purchased from the third party or 9,400,000
shares (up to a cumulative aggregate of C$18.8 m for all such purchases).

The current price of NDM is C$13.8, so any qualifying purchase at or above this price would trigger the payment of an extra C$2 per share on the corresponding number of shares.

[nod] 04/5/2007 23:01

meadow50, that looks like a good bet. we may see a lot more short-term punters like you over the next two weeks... punters looking to be holding GLA just in time for the cash return or special divi.

[meadow50] 03/5/2007 11:55

real ntav around 20p with UMN rising and QUA stake doing well so just topped up 25k on a T20 with TDWaterhouse at a tad under 14.5p.Wonder how much will come back this year in cash from realisations?Last year's results came out 19 May.
good luck holders