Share Name Share Symbol Market Type Share ISIN Share Description
Galantas Gold Corporation 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
  -0.10p -2.63% 3.70p 3.50p 3.90p 3.80p 3.70p 3.80p 200,906 16:21:51
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.7 -0.6 - 7

Galantas Gold Share Discussion Threads

Showing 20876 to 20896 of 20900 messages
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DateSubjectAuthorDiscuss
17/10/2019
07:58
Anyone fancy a mine tour? Now this is very surprising... https://www.facebook.com/CAMIO2018/posts/523217308240759
pelgis
04/10/2019
10:09
hxxps://www.casemine.com/judgement/uk/5a8ff82860d03e7f57ebbf2c
pelgis
30/9/2019
09:52
interesting indeed.... hxxps://www.rpc.co.uk/perspectives/tax-take/omagh-minerals-tax-penalty-was-a-criminal-charge-for-the-purposes-of-article-6-of-the-echr/?fbclid=IwAR1Ggl7GjxPHfDPY2FUIQhgbhGFlSETIe6syyuIwrmVipGHz74cul2RkW7w
pelgis
19/9/2019
18:16
But to be fair to Roland he is the last person on earth who wants to dilude GAL shareholders considenring the amount of shares he owns.
panagos
19/9/2019
05:50
I'm not convinced there wont be at least a final placing, perhaps 2 depending on size. It was disappointing there was no update on at least an estimate for commencement of commercial production in the Q2 19 results released in August. I doubt this is still "late 2019" as was stated earlier this year, otherwise why the silence on this matter? Cash at June 30, 2019 was $ 1,314,113 Accounts receivable at June 30, 2019 was $983,474 Placement $1.52m (after fees) TOTAL CAD $3.82m Cash burn roughly $675k per Q, with extra shifts and machinery, this no doubt increases, albeit increased development ore may offset any cost increases. Current liabilities (due in less than 12 months) of $7m, of which $2.5m is Accounts Payables. So I think there very much was a need for a placing, it wasn't simply a "nice to have". With current liabilities + cash burn I can't see how GAL don't require another placing or loan in 3-5 months time. I'll admit I'm not too clear when GAL gets paid by Xstrata Glencore (refinery in New Brunswick Canada). Is it upon shipment from Belfast or is it upon the gold concentrates being refined (which would result in a 3-4 month delay compared to former after Commercial Production). This makes all the difference in terms of cashflow. The Offtake wording in the PEA 2014 does mention advance payment provisions, but it is not 100% clear what or when this relates to. 19.1 OFF-TAKE AGREEMENT Flotation concentrates are sold to Xstrata Glencore (Formerly Xstrata Corporation) under a life of mine contract. The contract is well known to the author who considers the terms at the positive end of industry norms. The contract includes a smelter payment based upon tonnage sold and pays 95% of metal values for gold, silver and lead (the latter above certain cut-off percentage). It includes a fixed price shipping charge and advance payment provisions.
redtrend
18/9/2019
19:36
He might not exaclty get what does a black swan mean in finance linqo... he might just wanted to drop it in order to sound cool!!
panagos
18/9/2019
19:10
My take on the last placing. I think that Roland said that there would be no *need* to raise additional funds to get the mine into economic production. Nevertheless, if I were an inside shareholder of such a promising project I would want the company to accelerate production if at all possible. So rather than continue on the remaining cash plus a small (but growing) contribution from selling concentrate, why not get the cash needed to press ahead more quickly? Of course the last placing would also give the insiders an increased share of the project at a bonkers SP! So I actually see the last placing as positive. But nevertheless whilst Roland's words may have been strictly quite correct they were a little unfortunate.
robertslj
18/9/2019
16:57
In the last 2 PP?
panagos
18/9/2019
16:43
Why didnt Beaty participate ?
panagos
18/9/2019
15:58
It was disappointing the 7% dilution. Hopefully there will be no more, but mine builds have ups and downs. I think Roland is putting his head down and working hard to get to commercial production now. I tried to get in on the last placing, but didn't recieve a response only to learn that the shares were already spoken for by Melquart and Miton via the closing press release. It was fast. We need to get to positive cashflow asap to capitialize on this gold price. I'm certain there's more gold to be found within their mining areas. That was Ross Beaty's strategy for a good return on this one: Increase mine life, reserves and ultimately production.
swissbullion
18/9/2019
14:23
Totally agree Ashbox...its about Roland does something to get some credibility and share price action.500$ production is cheap!
panagos
18/9/2019
12:08
He states that no further placings will be required unless there are any 'black swan' events (about 13.10 into video) which is a bit disappointing when a £1 million private placement occurs a few months later when no such event seems apparent. I appreciate that often the opportunity to raise money for an AIM company is sensible, particularly if there is a surge in share price (which there wasn't in this instance), but why bother to make the statement in the first place to private investors when this is obviously not the intention?
ashbox
17/9/2019
22:46
This presentation by Roland needs more views. https://www.youtube.com/watch?v=KXAsnMTLf5Q&feature=youtu.be
swissbullion
17/9/2019
13:17
Yes, Roland is a Director and I presume it was originally his dad's. Just Google G&F Phelps Ltd. You won't even need to click on the links.
doobydave
17/9/2019
13:07
During the second quarter, Galantas announced that its operating subsidiary, Flintridge Resources Ltd. had signed a concentrate pre-payment agreement and a loan facility agreement for US$1.6 mln with Ocean Partners UK Ltd., together with an increased, on-demand loan facility of £600,000 with G&F Phelps Ltd. Is 'G&F Phelps' Roland's Company? Or is this just a coincidence? [...]
pelgis
04/9/2019
13:48
Miton is 26% up....maybe market understood that they are invested in the most undervalued stock in the LSE......lol
panagos
02/9/2019
13:23
2 trades totalling 6.4m shares @ 4.05
panagos
28/8/2019
13:00
We need some good news here or Brexit out of the way. Gold price has increased the economics of this mine in a huge way. Market cap is puzzling.
swissbullion
26/8/2019
14:09
OSINO just announced a good discovery, been looking at it waiting for an entry point that never came.
panagos
26/8/2019
13:43
Agree Bageo. I'm also a shareholder at Osino. When Beaty takes 19.99% of a junior, the public should take notice.
swissbullion
25/8/2019
21:08
pangos - You could well be right. I think Osino Resources, which I hadn't looked at recently, being the biggest shareholder is a significant difference than I can see happening at GAL.
bageo
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