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Share Name Share Symbol Market Type Share ISIN Share Description
Galantas Gold 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
  +0.00p +0.00% 4.75p 4.50p 5.00p 4.75p 4.75p 4.75p 21,000 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.7 -0.6 - 8.91

Galantas Gold Share Discussion Threads

Showing 20951 to 20971 of 20975 messages
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DateSubjectAuthorDiscuss
22/4/2019
22:22
Roxgold are quite a large producer and they do indeed have low costs = $900 per ounce (excluding finance). That is still 78% larger than what you are claiming for Galantas. ----------- As I said, $500 per ounce costs = too good to be true
augustusgloop
22/4/2019
20:30
Compare with a high grade underground mine - say Roxgold not most (West) African open pit, low grade, with huge stripping ratios which do tend to have high production costs.
bageo
21/4/2019
18:43
$500 production cost sounds pretty good to me.
panagos
21/4/2019
15:46
augustus > you asked How much gold will be produced? When will it be produced? What will it cost to produce? Post 3461 refers Past performance will hopefully be surpassed if we get anywhere near the 2014 Plan 17.15.6 DAILY AND ANNUAL ORE PRODUCTION Annual mine production is expected to peak at 225,000 tonnes per annum. To mine 35,000 to 40,000 equivalent gold ounces per annum the mined grade at full capacity must exceed 5.0 g/t. Table 48 (below) displays the annual and daily production rates require to meet the LOM plan. Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 AVERAGE Annual Ore Production (t) 51,711 168,299 224,383 203,880 195,672 102,437 157,730 Monthly Ore Production (t) 4,309 14,025 18,699 16,990 16,306 8,536 13,144 Daily Ore Production (t) 198 644 858 780 748 392 603 Ore Mined Grade (g/t) 5.8 5.2 5.0 5.3 5.6 6.4 5.4 Mined Ounces 9,622 28,026 36,411 34,568 35,531 21,098 27,542
bahamasoil
21/4/2019
07:40
Actuals will be released - sub 500 production cost was mentioned by Roland. At this stage of ramp up producing from development ore then looking at other companies it isn't usual to give detailed costs. Development is usually capitalised and income from concentrate maybe offset against this. Once commercial production occurs - costs can be given. Roland was clear that the costs are tracking well against the 2014 study. The presentation should be added to the website and the video linked. This will help people.
bageo
21/4/2019
00:38
Nobby, the trouble is - you have to take it on trust. We have not been given the numerical predictions to check it for ourselves. Are the numbers so good that they don't want to release them? Usually it is the opposite that applies. I keep looking in with hope. But can't invest on vague implications. How much gold will be produced? When will it be produced? What will it cost to produce? Not unreasonable questions to ask before investing in an AIM gold miner!
augustusgloop
20/4/2019
20:59
>> augustus You are such a cup half empty person..... If the current plan comes to pass there is no requirement for more cash. Yes we all know plans can be derailed but I for one believe Roland is genuine in what he says!
nobbygnome
20/4/2019
17:15
nobbygnome nearly every placing is preceded by a director saying that no more placings are needed. If no placing is needed - then there is no need to make the statement. It is similar to when football managers get a vote of confidence from the board.
augustusgloop
20/4/2019
16:28
A great message I was hoping to see the slides on the website for detail
bahamasoil
20/4/2019
16:12
How on earth is this company only valued at £14 million. Roland even said there should be no more placings so there isn't even the risk of that to weigh on the sharenprice. Completely ridiculous....
nobbygnome
20/4/2019
15:41
VIDEO #GAL #Galantas #Gold #Corporation https://twitter.com/smallcappick/status/1119589739416281088
newtothisgame3
18/4/2019
09:08
as per today's announcement production should increase towards the Summer months.
panagos
04/4/2019
16:35
Roll-overs no effect on the buy/sell ratio.
panagos
04/4/2019
15:56
Odd trades today. Any explanations?
mineng
26/3/2019
17:29
For those wanting some bedtime reading the Galantas Technical Report, July 2014 looks to be the one here: https://www.galantas.com/assets/Uploads/92d7d9741c/July-FINAL-GAL-43-101-PERC-2014v9.pdf with some simpler workings here: https://www.galantas.com/operations/2014-resource-assessment/
gb904150
26/3/2019
17:26
Does that deserve a well done? Weren't most people expecting them to achieve this in LESS than 2 years from now?
augustusgloop
26/3/2019
16:49
Well done Roland and team. It is very encouraging to see the projected figures for production in the not too distant future. Target production is 2,000 to 2,500 troy ounces of gold in concentrate per month, planned to be achieved in 2020 /2021. This is in line with the production rates outlined in the Galantas Technical Report, July 2014.
bahamasoil
26/3/2019
13:31
Incidentally, it would be a minor miracle if a brand new mine (which the UG section effectively is) produced a company profit in year 1. Becoming cash flow positive on an operating basis is usually a staging post on the road to full profitability. Even allowing for this, a market cap of £14m seems cheap. Two hedge funds have bought a high percentage (if not large capital outlays), so they believe in it. A larger outfit could buy into a working mine with a viable expansion plan and pick up all its infrastructure, equipment and trained workforce for this price? Before someone says it: IMO the main thing that has saved Galantas from this fate hitherto is its small size - far too small to interest most miners - and of course the persistent NIMBYs (hopefully resolved now). So no, I don't see an imminent M&A bid. Chart would indicate something of a bottom. We'll see.
doobydave
26/3/2019
12:40
Just wanted to point out Friday's investor forum as publicised at the bottom of today's RNS. If anyone can be bothered to go to London and spend £12 for a ticket they can ask Roland Augustus' questions in person and settle the matter. And preferably report back to this BB afterward (pretty please). To make it easy, here's the URL to book a ticket: https://www.ukinvestorshow.com Any offers?
doobydave
26/3/2019
12:34
>> augustusgloop FFS give some credit where credit is due. The company is doing all the right things and will soon be sending off loads of gold and silver concentrate to the smelter in Canada. Your bashing for bashing's sake is very tiresome....
nobbygnome
26/3/2019
12:12
I am pointing out - what you call generating cash from operations and what Roland calls generating cash from operations - may be two very different things. Does he include tax? Office running costs? Administration salaries? Listing costs? Exploration? Dealing with legal issues? Director's salaries? Loan repayments? Some companies include these in determining cash generated from operations - some just include the costs directly related to production.
augustusgloop
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