Galantas Gold Share Chat (GAL)

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%	5.125p	5.00p	5.25p	5.125p	5.125p	5.125p	0	07:57:09

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Mining	0.0	-1.0	-0.6	-	8.47

Galantas Gold Share Discussion Threads

Showing 20376 to 20399 of 20400 messages

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Date	Subject	Author	Discuss
19/9/2017 13:31	Kestrel Gold (TSX Venture Exchange symbol KGC.V) Please allow me to bring your attention to this low-market capitalisation, high potential gold/copper exploration company that has assets in the ‘Eye of the Storm’ – the White Gold Area in the Yukon, Canada. - Recently acquired acreage in one of Canadas most prolific gold areas – the ‘Eye of the Storm’ White Gold Area in the Tintina Gold Belt. - Easily accessible, excellent infrastructure, safe jurisdiction. - Sampling just finished, funded drilling programme about to commence - >100g/T Gold sample from Clear Creek – excellent potential - Peak values of 12,400 ppb Au from soil sampling on Val Jual - Relative low market cap – CDN$4.2 million - CEO with proven track record of growing public companies share price by multiples - Leading Canadian gold geologist, Jean Paulter, running drilling campaign - Nearby to discovered goldmines (Coffee, Golden Saddle) - Val Jual /10 Mile Creek acreage surrounded by active 2017 programs by other companies - Drilling news flow expected before year-end Please do your own research on the Company before investing. Thank you for your time.	goldguru2017	Read Full Thread Reply
19/9/2017 07:14	When do you think they are going to start paying dividends? : )	thecynical1	Read Full Thread Reply
18/9/2017 18:28	The only thing the 'accumulated deficit' means it that in future there will need to be a court order (assuming Canada is similar to UK or Ireland) to write this off to permit dividends. As already well explained by others it is a non cash item.	bageo	Read Full Thread Reply
18/9/2017 15:36	There was a loan to the CEO (which is now the largest s/h) which was converted in shares. Check out also Ross Beaty the mining legend who built Pan-American silver (and other mines out of scratch). He is our 2nd largest s/h and keeps buying too. Only 2 things can stop this from being a multi-bagger. 1. A totally negative court case deceision (unlikely imho) 2. No gold (we know there is gold) or very little gold (not sure but I don't think so by early indications)	panagos	Read Full Thread Reply
18/9/2017 15:28	it's the accumulated deficit. Gal does not have any borrowings. Can you please send me a link to the PP prospectus so I can see the notes you are referring to ?	panagos	Read Full Thread Reply
18/9/2017 15:17	Is it merely an ongoing tally of the working capital deficit since the mine open pit production stopped in 2013? Or is it outstanding and thus payable eventually i.e. a debt? And if so, to whom?	gb904150	Read Full Thread Reply
18/9/2017 15:07	Hi GB, You are absolutely right about the deficit but me look on the notes and revert, thanks.	panagos	Read Full Thread Reply
18/9/2017 15:03	Hi Panagos, Yes, that is the market cap - 171m shares @ 5.12p each so £8.7m or so. But the last interims also talk of the company deficit of $37m (below). Isn't that a factor in terms of the valuation? What financing facility does it relate to? As at June 30, 2017, the Company had a deficit of $37,985,273 (December 31, 2016 - $36,789,163). Management is confident that it will be able to secure the required financing to enable the Company to continue as a going concern. However, this is subject to a number of factors including market conditions. Refer to note 11(b)(iii) for private placement completed during the six months ended June 30, 2017.	gb904150	Read Full Thread Reply
18/9/2017 13:47	got a few more today, this court case either made me or will brake me? I keep on buying and will continue until there is an announcement. I mean this is option money now, don't bet the farm but £8,5m for a gold mine!? Seriously? You can not even buy a corner shop in central London for that kind of money....lol	panagos	Read Full Thread Reply
12/9/2017 13:11	Very interesting, thanks.	panagos	Read Full Thread Reply
12/9/2017 11:50	Panagos found these aerial pics by Gordon Dunn They show the new excavation in April hTTps://www.flickr.com/photos/20961594@N04/albums/72157627116463440	mineng	Read Full Thread Reply
09/9/2017 09:40	HNR - TWO wells successfully drilled with abundant oil and gas in samples extracted! Fracking and FIRST OIL next month! Don't miss this train!	happyholder123	Read Full Thread Reply
06/9/2017 11:20	That's great, so GAL valuation is clearly wrong.	panagos	Read Full Thread Reply
06/9/2017 11:11	Panagos Blackrock seem to think the Dal valuation is OK, with north of 11%.	mineng	Read Full Thread Reply
31/8/2017 21:56	One more thing. Anyone can guess why dalradian trades 30 times the value of galantas on 17.000 oz of proven gold resources? One of the two valuations is clearly wrong (or both). Unless pending court decision market discounts gal as totally worthless.	panagos	Read Full Thread Reply
31/8/2017 21:09	Just to remind everyone that GBP weakness and Gold strength make GAL share even cheaper even if it doesn't move. Come on Ms. Judge do the right thing and send this share to 20p.	panagos	Read Full Thread Reply
24/8/2017 07:31	Production Planning consent was granted during the second quarter of 2015 for an underground operation at the Omagh site. That consent is subject to a judicial review, the judgement of which is awaited. The underground mine, which is now in active development, will utilize the same processing methods as the open pit mine and will be the first underground gold mine, of any scale, in Ireland. The strategy is to expand the continuing development of the underground mine as soon as additional finance is available and look for further expansion of gold resources on the property, which has many undrilled targets. The phased development arrangement, in terms of mine access dimensions, is expected to allow for rapid expansion of production as additional capital becomes available. The mill has now been re-commissioned in anticipation of a restarting of concentrate shipments, subject to suitable financing. A budget of GBP 2,000,000 (excluding lease finance) for the first phase of underground mining has been estimated. The Company has not entered into lease finance arrangements in regard to mining equipment as of yet, having secured used equipment suitable for current purposes at lower cost. During the first quarter of 2017 and following the closure of a part-brokered private placement for aggregate gross proceeds of $ 2,446,299 (approximately UKGBP 1,482,875) the Company announced that underground development had commenced on the Omagh gold property. Post period end, Galantas reported early in the third quarter of 2017 that a narrow stringer vein, an offshoot of the Kearney system had been intersected some 47 metres in from the tunnel portal. The vein was reported as a minimum of 0.5 metres true width. Subsequent results of grab samples have returned values of between 1.1- 11.0 g/t gold and 1.4 - 7.0 g/t silver. Structural analysis, supported by the data in the tunnel intersect, indicates that a second intersection with a potential continuation of the stringer vein is likely. Arrangements are being put in place to develop vein drivages to exploit the stringer vein. This is expected to provide feed to the processing plant in the fourth quarter whilst the tunnel development continues to progress towards accessing the principal target, which are the main Kearney veins. Arrangements with the Police Service Northern Ireland regarding blasting have been working efficiently and improved blasting arrangements have been formalised. The improved arrangements are expected to accelerate development progress and arrangements are being put in hand for the hiring of some additional personnel. Two additional ground-water monitoring boreholes have been drilled and monitoring data collected. Water make within the tunnel is minimal and water monitoring at the site continues to demonstrate good compliance within the criteria set down by the regulatory authority. Exploration A new exploration programme commenced in September 2015 to target the Joshua vein at depth. In total, 3,602 metres were drilled by March 2016. In early 2016 Galantas reported the assay results for three holes completed in 2015 (see press release dated January 26, 2016). Most notable was hole OML-DD-15-155 which intersected a wide zone (13 m true width) of the Joshua vein at a vertical depth of 117 m grading 9.9 g/t Au. This drilling programme also identified a new vein, Kestrel, running 70 m west of Joshua. An initial shallow (42.4 m) intersect returned 35.8 g/t Au over 0.7 m true width. A further drill hole targeted the Kestrel vein 80 metres north and hit mineralisation at a vertical depth of 73 m (3.2 g/t Au over 1.2 m true width). Roland Phelps, President and CEO of Galantas Gold Corporation, commented, "I am very pleased with the progress made this quarter on developing the underground mine and I congratulate the Galantas team in Omagh on their excellent achievements. I note particularly that lost time accidents were zero and water monitoring results were compliant." The detailed results and Management Discussion and Analysis (MD&A) are available on www.sedar.com and www.galantas.com and the highlights in this release should be read in conjunction with the detailed results and MD&A. The MD&A provides an analysis of comparisons with previous periods, trends affecting the business and risk factors.	panagos	Read Full Thread Reply
22/8/2017 17:02	Time = money!	bigt20	Read Full Thread Reply
21/8/2017 11:57	Grabbed a few more, court case resolution must be close now, it'not exactly like resolving issues of conflict in the middle east is it?	panagos	Read Full Thread Reply
01/8/2017 20:32	The Count - thanks for the update I used to get the WH notes and they are a good read. Cashflow to help the development is good news.	bageo	Read Full Thread Reply
01/8/2017 13:34	--->ALL Whitman Howard, in their mining sector update today, have re-instated their buy rating for GAL. Regards, THE COUNT!	the count	Read Full Thread Reply
01/8/2017 08:33	off-shoot vein. imagine the normal vein gives 5-10m (instead of 1/2 m) of gold up to 11g/t.	panagos	Read Full Thread Reply
01/8/2017 08:25	now this is good news. Come on Judge Judy clear the court case and we are off.	panagos	Read Full Thread Reply
12/7/2017 14:14	hTTp://www.miningweekly.com/article/underground-development-to-be-accelerated-at-galantas-northern-ireland-mine-2017-07-12 Good, both for confirming model and potential cashflow that vein was intercepted. News on the planning Court case would be good as this would be the other part of de-risking. Seems very late.	bageo	Read Full Thread Reply

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