Galantas Gold Share Chat (GAL)

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

Chat Pages: 836 835 834 833 832 831 830 829 828 827 826 825 Older

Date	Subject	Author	Discuss
17/10/2019 07:58	Anyone fancy a mine tour? Now this is very surprising... https://www.facebook.com/CAMIO2018/posts/523217308240759	pelgis	Read Full Thread Reply
04/10/2019 10:09	hxxps://www.casemine.com/judgement/uk/5a8ff82860d03e7f57ebbf2c	pelgis	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
18/9/2019 16:57	In the last 2 PP?	panagos	Read Full Thread Reply
18/9/2019 16:43	Why didnt Beaty participate ?	panagos	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
17/9/2019 22:46	This presentation by Roland needs more views. https://www.youtube.com/watch?v=KXAsnMTLf5Q&feature=youtu.be	swissbullion	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
02/9/2019 13:23	2 trades totalling 6.4m shares @ 4.05	panagos	Read Full Thread Reply
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	Read Full Thread Reply
26/8/2019 14:09	OSINO just announced a good discovery, been looking at it waiting for an entry point that never came.	panagos	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply

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