Galahad Gold Share Discussion Threads

[cestnous] 27/8/2007 09:40

Bought a load last week after reading an article in the FT Fund Management section re; an extremely successful manager who has recently bought in and why. Don't have time to source the article but it was approx last Monday or Tuesday. Impressed with the management history and have to say it seems to be as close as you get to a no-brainer, (if there is such a thing).

[brad1] 22/8/2007 23:58

This could see 20p shortly and may approach all time high. share price graph looking very good.

[master rsi] 21/8/2007 12:55

Someone likes the shares since yesterday's news, buying continuing on large lots and the offer is on the UP

[bisiboy] 20/8/2007 18:08

i estimate that even with full tax charge an nav of around 18p+
given its virtually all in cash this has to be the biggest no brainer of all time.
if i had enough firepower i would be buying as many of these as i could
then announce a bid at 16.5p if i were a hedge fund with some spare cash now
i could think of a lot worse things to do with my money!

[goml] 20/8/2007 14:18

hi hawks11, I don't follow, can you explain, thanks.

[bisiboy] 20/8/2007 12:09

even with tax liabilty you have assets substantially above market cap.
a great takeover target.

[nickcduk] 20/8/2007 09:28

I think the mention of tax liabilities on disposals is the big negative from todays announcement.

[hawks11] 20/8/2007 09:19

I think that is what, "following a number of significant asset realisations." refers to goml.

[goml] 20/8/2007 08:24

No mention of returning cash to shareholders!

[tyranosaurus] 15/8/2007 08:16

Sold out this morning at 14.5p.

Need more funds in case the market crashes.

[master rsi] 03/8/2007 16:27

The buys are continuing on lots of 100K this afternoon on volume of 2.5M interesting

[master rsi] 03/8/2007 11:54

Someone is acumulating, yesterday with lots of 100K and today 700K and now 400K is being reported on the trades

[master rsi] 03/8/2007 10:55

Second day on the up as a large trade for 700K is being reported

[grgkecer] 02/8/2007 19:02

It would be better for GLA if Rio Tinto sold their stake (at more than $14.00):

. . . today 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,
for C$94 m (#40.3 m) payable in cash on completion, which is expected to take
place on 1 February 2007. The purchase price is equivalent to C$10 per share,
which represents a premium of 5.5% to the NDM closing price as of 24 January
2006.


In addition, Rio Tinto has agreed in certain circumstances to pay incremental
consideration to Galahad. If prior to 31 December 2008, Rio Tinto resells the
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 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).

[kbdr] 02/8/2007 16:27

Grandich update suggests Rio should be looking at taking out NAK.

[grgkecer] 02/8/2007 14:02

Anglo spreads wings with Alaskan copper


Anglo American has agreed to invest $1,43bn in an Alaskan copper-mining project, the company's second major transaction since Cynthia Carroll took over as CEO in March.

The spending will give the world's second-biggest mining company by sales a 50% stake in the Pebble Project, partnering its current owner, Northern Dynasty Minerals, Anglo said yesterday.

The deal underscores Anglo's growing focus on industrial metals as the booming economies of China and India fuel demand for the raw materials needed for buildings, cars and appliances.

Carroll, a former executive at aluminium producer Alcan, led Anglo's April agreement to purchase 49% of the MMX Minas-Rio iron-ore project in Brazil for $1,15bn

"She has shaken things up a bit," Matt Brenzel, who helps manage the equivalent of about $7,1bn at Cadiz African Harvest Asset Management, said in an interview from Cape Town. The group was "expanding in a more aggressive way than one would normally associate with Anglo".

The project, which would also produce gold and molybdenum, was based on a 7,5-billion ton ore deposit, Anglo said.

The companies aimed to complete an initial study by the end of next year and begin production in 2015. An estimate of the potential size of the mine was not given.

Anglo will spend $125m on the initial study and the group must spend a further $325m on a fuller study to be completed in 2011 if it wants to retain its stake.

It will need to spend a further $975m to help construct the mine.

Rio Tinto, which is the world's third-biggest mining company, owns 21% of Northern Dynasty. BHP Billiton is the world's biggest mining company.

Anglo American's shares lost R7, or 1,69%, to close at R407 on the JSE yesterday, after 4-million shares were traded in 1785 deals. The share traded between R399,95 and R414,60.

Antony Sguazzin and Alaric Nightingale , Business Day
Thursday, August 02, 2007

[grgkecer] 01/8/2007 06:35

Northern Dynasty & Anglo American Establish 50:50 Partnership To Advance Pebble Project To Production

[kbdr] 31/7/2007 21:39

NAK trading halted.Await news.Could be interesting

[grgkecer] 31/7/2007 08:14

31 July 2007

UraMin Announces Declaration of Dividend relating to Shares of Niger Uranium Limited

[pomp circumstance] 26/7/2007 06:12

your making it up and you go along! LOL!!!!!

[master rsi] 25/7/2007 22:26

The UPtrend is still on

[grgkecer] 24/7/2007 16:57

Proposed UraMin Dividend

[nil desperandum] 19/7/2007 12:01

An excellent post on yesterdays AGM in the pub:

[grgkecer] 18/7/2007 14:22

NORTHWESTERN AND URAMIN COMPLETE PHASE ONE DRILLING IN NIGER