Galantas Gold Share Discussion Threads

[mineng] 13/12/2024 15:55

my mistake was last month!

[bahamasoil] 13/12/2024 15:35

The lack of communication is appalling. It should not be beyond them to post here with a little more notice.

Thanks mineng

[mineng] 13/12/2024 14:38

Is anyone on here seeing them at 121 London conference tomorrow?

[lurker5] 12/12/2024 01:00

This company must be one of the most dishonestly promoted - by the management - ever. An updated feasibility study - aimed at restarting production - was promised some years ago but never materialised. Instead GAL has allowed the shares to be decimated through spending on drilling and buying a Scottish red herring before generating anything to pay for it. Yet heavyweight backing misled ordinary investors into thinking they would ensure a sensible strategy. One wonders if there is a hidden strategy to fleece them and take GAL private now that they have helped pay to extend the resource before a new production company is resurrected to benefit only the heavyweights.

[rambutan2] 27/11/2024 21:34

As i'd lost track:

As at September 30, 2024, the issued shares of Galantas total 114,841,403. Ross Beaty owns 3,744,747 common shares of the Company or approximately 3.3% of the outstanding common shares. Premier Miton
owns 4,848,243 common shares of the Company or approximately 4.2%. Melquart owns, directly and indirectly, 28,140,195 common shares of the Company or approximately 24.5% of the outstanding common
shares of the Company. G&F Phelps owns 5,353,818 common shares of the Company or approximately
4.7%. Eric Sprott owns 10,166,667 common shares of the Company or approximately 8.9%. Mike Gentile
owns 6,217,222 common shares of the Company or approximately 5.4%.
Excluding the Melquart Ltd, Premier Miton, Mr. Beaty, Mr. Phelps, Mr. Sprott and Mr. Gentile shareholdings
discussed above, the remaining 49% of the shares are widely held, which includes various small holdings
which are owned by directors of the Company. These holdings can change at anytime at the discretion of
the owner.

We obviously waiting for gold to hit 5000 before we get around to production!

[bamboo2] 03/10/2024 20:29

Hello pelgis, I just checked, we last conversed on here 12 years ago!

I hope you are doing well. Are you still flying?

I certainly miss a few others from this bb. eg fordtin and flippinec.

I haven't been back to NI recently, but both kids are now at Uni, so maybe I will try to get over again.
I can use my new Irish passport!

[pelgis] 03/10/2024 19:19

Re: somewhat near the mine from what I remember..

Yes, of course it's near the 'mine', the new road will by-pass Omagh to the south/west.
Excellent positive news for the town- perhaps could even be a positive for local mine operators if excess backfill is 'collected' by the contractors to use on road construction. I'm sure nobody has thought of that before. ;)

[bamboo2] 02/10/2024 19:31

somewhat near the mine from what I remember..

A5 road upgrade announcement hailed as 'momentous day'



2 October 2024, 10:29 BST
165 Comments
Updated 1 hour ago
Stormont ministers have approved the long-awaited A5 road upgrade project - including a full dual carriageway.

The total cost of the road upgrade will be about £1.2bn, with €600m (£500m) coming from the Irish government.

Infrastructure Minister John O'Dowd said that work on the project would begin in early 2025 and would completed on a phased basis.

First Minister Michelle O'Neill described it as a momentous day while Deputy First Minister Emma Little-Pengelly welcomed the announcement as good news.

Project planned since 2007

The infrastructure minister confirmed phase one of the scheme would be between Strabane and Ballygawley in County Tyrone, which he said was where many of the deaths and injuries had taken place on the road.

O'Dowd said phase one was half of the total project, 34 miles out of the total 53 miles.

He added that he would make formal decisions on the remainder of the project in due course.

O'Dowd said the total cost of the project was still to be finalised but his department was estimating it would be £1.2 billion.

The 58-mile (85km) road project was first announced in 2007 but has been beset by funding and legal challenges.

At the end of September, O'Dowd confirmed the preparatory work had been completed and he was awaiting approval from the Stormont Executive before publishing the plan.

On Wednesday, O'Dowd said the first notice of planning would go out on 14 October.

[gb904150] 25/9/2024 14:57

What a dog this is. Ever since Mario Stifano took over it's been all downhill.

After a brief surge in PR when he took over Galantas has gone quiet. The old story of production has quietly disappeared and been replaced by regular subscriptions by Melquart to fund more drilling.

What a disappointment.

They do say that Canadians like to drill all day while Ozzies actually want to get stuff out the ground. So it appears....

[pelgis] 12/9/2024 08:40

5.15p Not quite the 'spiral decline' Galantas had envisaged.

[loganair] 18/6/2024 11:35

On my scale of -5 to +5 I give this RNS a +2 = positive and brings value to the company.

[loganair] 18/6/2024 11:22

This is what I do like about the latest RNS - Provisional revenues generated from concentrate sales totalled approximately US$1,103,000 in 2023 and approximately US$207,000 in Q1 2024. The net proceeds from concentrate sales are being offset against development assets, until the mine commences commercial production.

At least Galantas has a small income stream.

And - grades returned an average percentage increase of 113%* from the grade modelled in the technical report "Resource Estimate, Preliminary Economic Assessment & Detailed Feasibility Study on the Omagh Gold Project,

[loganair] 18/6/2024 11:19

longhole mining method and backfill - This method is̷9;one of the most productive ones and covers a variety of ore thicknesses and dips (0 – 90⁰).  This method unavoidable adds dilution (20%), but it offers advantages such as very high productivity and efficiency because the blasted rock falls into a supported drawpoint that is excavated below the stope bottom, and which allows ;for the removal of the blasted rock using remote control LHD or rail cars for longer transport. The method also offers mid-range mining cost and low hazardous conditions (easily ventilated).  

[mineng] 18/6/2024 10:31

That is an interesting release today. Could open the door towards getting this up and running given funding.
They have an existing cadre of institutional support. Maybe they can add to that?

[jonnyreggae] 13/5/2024 14:01

Rather than sit on dead money here I took the loss and moved the cash into something else. Newbies beware, don't believe a single word Stifano says. He will misslead you.

[gb904150] 30/4/2024 11:15

I spoke to Mario Stifano a year or so ago. I was impressed by his energy and bullishness for the project. That said, he is a Canadian, so he's all about drilling, drilling, drilling.

I'm not sure if or when GAL go back to having serious plans to mine again.

All the power here seems to lie with Melquart and Ocean partners now, so I guess it depends on what their plans are.

[jonnyreggae] 30/4/2024 08:40

Stifano receiving a million options for doing nothing is disgusting. They raised the money to get into production over 2 years ago and still no production or even mention of it. I will be calling Stifano out at the AGM!

[glavey] 12/4/2024 14:09

Friday, Gold in the title, no need to research further.

[gb904150] 12/4/2024 12:10

well that is a sudden improvement in share price after a long time sleeping.

I wonder if there's much going on....or just catching up with the gold breakout.

Next results should be early May for results for YE 31/12/23.

Mario Stifano likes drilling.....and he seems to like this project.

Now if only we could do a Dalradian.....

[lurker5] 09/9/2023 20:52

Thanks. Uk investors have Scotgold's Cononish experience at the back of ther minds I expect. Maybe Canadian investors can't imagine the uncertainties of an old system like the Dalradian ? Seems gold production rate is realy in the lap of the gods.

[lurker5] 07/9/2023 15:52

Mineneng From what you know of the vein geography, can you estmate what the mining rate could be ? Do I remember Stifano has pubished some sort of gold prduction target ? Too time strapped to look it up at the moment.