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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Galantas Gold Corporation | LSE:GAL | London | Ordinary Share | CA36315W3012 | COM SHS NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.75 | -7.89% | 8.75 | 8.00 | 9.50 | 9.50 | 8.75 | 9.50 | 34,634 | 10:07:47 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 0 | -8.57M | -0.0748 | -2.14 | 18.33M |
Date | Subject | Author | Discuss |
---|---|---|---|
04/4/2012 20:38 | I'm still here for the long haul... ...caught myself inadvertantly whistling, while catching up! There's what looks like a sizeable building project breaking ground at the local hospital. Could be a good home there in roads and car parks for some of our spare rock. | ![]() bamboo2 | |
04/4/2012 17:03 | biggest volume for yonks today woop! surprisingly still off the radar given that i'm the only one who posted once on LSE today. i do wonder how much the share price has to really go up for something like GAL to get those LSE PIs to notice?! this has gone from 3.75p to 5.875p in a few weeks...56% rise. you'd think that'd be enough?! i suppose if everyone bundles in at the last minute when it's totally overbought it gives the early birds a seat at worm central. if you like the fair, then play the swings, avoid the slides, and if you're squeamish, best give the rollercoasters a miss :) | ![]() moosh2 | |
04/4/2012 14:32 | 500k bought at 6p (earlier) - The share-price has held its own and if that proactive article is anything to go by - If GAL can prove up its resources then it will clearly show some interest that is building here - | ![]() tomboyb | |
04/4/2012 13:27 | Ive unloaded a substantial amount today. I got shot of 750k at 5.65 near the open but that was what actually sparked it higher again as it gave MM stock to sell. I still have a few. I think the shares will drift back lower in due course and will look to load up again then. | ![]() horndean eagle | |
04/4/2012 10:06 | remarkably share price is not even in overbought (green boxes) on weekly/monthly slow stochastic. share price got stuck last year when both of these were well overbought (slow stochastic above 80). so i'm guessing plenty still to play for technically, which would add up given we've still got few weeks to wait for results and resource estimate. so defo worth hanging on imo, or slicing into upwardness. rubbish RNSs could change things though but heyho. | ![]() moosh2 | |
04/4/2012 09:18 | I'm getting dizzy - is there something we haven't heard about? | ![]() spaceparallax | |
04/4/2012 08:43 | i took a slice at 5.95p too lol :D have we broken out? who's still in denial and waiting for sub 4p lmao? :p | ![]() moosh2 | |
04/4/2012 08:39 | The MMs were panicking first thing. I managed to sell 50k at 5.95p! These were just some of my trading stock and most I will be holding on to for the drilling update and resources estimate. You have to guess that the MMs are still very short and really struggling now. At least they have cut their book to some extent and moved it higher. Nobby | ![]() nobbygnome | |
03/4/2012 21:39 | some investors might just read the headline though and ignore the article. you know how some are ;) | ![]() moosh2 | |
03/4/2012 21:26 | Moosh its obviously a typo which is why i said why i said the share price should be £400 rather than 5p jokingly - But it's a very obvious typo so i'm not fussed as the detail is in the article itself which is correct - | ![]() tomboyb | |
03/4/2012 21:19 | it is a typo then? shouldn't it be 400,000 ounces instead? it says million in the main heading but no mention of the million in the paragraph. i'm confused. if it is a typo then someone gonna get in trouble! | ![]() moosh2 | |
03/4/2012 21:13 | Key Points Summary - As you can see, about three quarters of this gold is in the least certain 'Inferred' category, while only 16,000oz is in the 'Measured' category. But the 2008 Howe report also said that these gold-bearing zones could be extended to hold a total of 1.33-2.46 million ounces of gold, while further exploration targets could add another 400,000. Now ACA Howe is back on the case. Before the end of May it is expected to provide a resource update, adding ounces to its 2008 estimate and moving some from the 'Inferred' to the 'Indicated', and the 'Indicated' to 'Measured' categories. But chief executive Phelps is eyeing something much more substantial. With underground mining he reckons the mine could produce 50,000oz of gold per year. That should bring it to the attention of a much larger group of investors. | ![]() tomboyb | |
03/4/2012 21:05 | lol, i read 400,000 and missed the 'million' lmao :S hope it's not a typo! | ![]() moosh2 | |
03/4/2012 21:03 | But in all seriousness - Here is the article which could create a little interest tomorrow - | ![]() tomboyb | |
03/4/2012 21:01 | 400,000 million - This should be at £400 not 5p - !! | ![]() tomboyb | |
03/4/2012 20:42 | gold taking another bath, I guess JPm and GS selling more paper that they don't even own. | ![]() katsy | |
03/4/2012 20:37 | great, with penny sleuth ont' case i guess GAL will open up 50%+ tomoz lol?! ;) | ![]() moosh2 | |
03/4/2012 18:31 | 400,000 million ounces id be happy with that! ;) | ![]() georgethefourth | |
03/4/2012 18:04 | From Penny Sleuth, today. "This is not just a hopeful project. Galantas is actually mining gold today, and making good money out of it. The mine has an interesting history. It was started in the 1980s by RTZ Corporation for tax purposes, after the closure of its Cornish tin mine left it as a UK company with no UK mine. A change in the tax laws prompted RTZ to sell. Jack Gunter, who was about to retire after 15 years with RTZ, saw the opportunity and stepped in to buy it. In the tense political climate of the time it had one particular merit. As an open pit mine it required no rock blasting and that meant no explosives that could fall into the hands of the IRA. Gunter, now in this 70s, is the chairman today, while the mining engineer Roland Phelps has been chief executive since 1997. Today, this experienced veteran duo are running a profitable, if small, gold mine. But they believe that the Omagh mine could soon be producing a lot more gold. And as Irish investors turn from chasing gold shares overseas to the gold on their own doorstep, the share price has been ticking up. Let me explain why. 400,000 million ounces of gold could be exposed Having last week been granted additional mining licences, Galantas's licences now cover some 600km2. Estimates made by the independent consultant ACA Howe back in 2008 suggest that these contain some 400,000oz of gold in nine different zones. These are set out in the following table: (Click on the chart for a larger version) As you can see, about three quarters of this gold is in the least certain 'Inferred' category, while only 16,000oz is in the 'Measured' category. But the 2008 Howe report also said that these gold-bearing zones could be extended to hold a total of 1.33-2.46 million ounces of gold, while further exploration targets could add another 400,000. Now ACA Howe is back on the case. Before the end of May it is expected to provide a resource update, adding ounces to its 2008 estimate and moving some from the 'Inferred' to the 'Indicated', and the 'Indicated' to 'Measured' categories. A whole new level to for Galantas to exploit and reap the rewards This will be important information for the share price, but Howe has a second purpose. It will also comment on Galantas's plans to move from surface to underground mining. Galantas has already produced its own mining scoping study, and Howe will provide confirmation of its cost estimates, of its operating methods and of its tailings storage. It will also comment on Galantas's plans to expand its processing plant, which uses a 'froth flotation' method to produce a gold concentrate that is sold, under a life of mine off-take agreement, to Xstrata Corporation. Assuming that ACA Howe's report raises no obstacles, Galantas will apply to mine underground and, although this is more risky than surface mining and will no doubt require Galantas to raise some capital, it should take production to a new level. And that should be good for the business. Last year, Galantas produced 6,479oz of gold, with some silver and lead credits taking the 'gold equivalent' up to 7,307oz. Although it is yet to publish full year results, based on figures for the first nine months the mine is likely to have delivered a net income of close to £1m, while cash in the bank should exceed £3m. Galantas shares are traded on both the Toronto Stock Exchange and AIM, where the current share price of around 5p values the business at £11.5m. That looks pretty reasonable for a cash-rich business making £1m a year. But chief executive Phelps is eyeing something much more substantial. With underground mining he reckons the mine could produce 50,000oz of gold per year. That should bring it to the attention of a much larger group of investors. Clearly, much is riding upon ACA Howe's report in May. I will be watching it with great interest." | ![]() tinvan | |
03/4/2012 17:20 | Will 6p be the resistance? Also news must be coming out soon. | imran333 | |
03/4/2012 17:15 | Count - neither did i tbh, but at £6 a trade its not too bad. a profits a profit and all that. 916 shares at 16.11 for 5.46. That in itself is very bulish that sells are going through at such a premium. Coupled with the 500k you can sell at 5.4 and things are looking very good. Cant remember the last time it looked so positive from a purely trades perspective actually... | ![]() georgethefourth | |
03/4/2012 17:10 | Nice. I have an account with them too - one of the better brokers ive had. Looking good here, hopefully we'll see a new high before it consolidates as some of the Indicators are looking a bit extended | ![]() georgethefourth | |
03/4/2012 17:08 | --->GEORGETHEFOURTH Have you missed out a zero in that post? Shouldn't that be £500 worth of stock at least? I didn't think it was possible (or cost effective) to deal that small. Regards, THE COUNT! | ![]() the count | |
03/4/2012 17:05 | GTF, yes. this month it's £5.95/trade - hargreaves lansdown has varying commission cost according to previous month's trade frequency. | ![]() moosh2 | |
03/4/2012 16:52 | Moosh - you sold £50 worth of stock? How much commission do you pay per trade? | ![]() georgethefourth |
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