Galantas Gold Share Discussion Threads

[panagos] 14/9/2016 21:17

dalradian is getting all the attention / truction at the mo

[cast_no_shadow] 14/9/2016 19:36

Definitely does count as a feasibility study. The full report makes interesting reading. Very quiet here!!

[cast_no_shadow] 13/9/2016 13:53

This may be a daft question but does the economic study from 2014 count as a full blown feasibility study?

Interestingly the study was carried out at a gold price of only £750 and it is now approx £1,000 or 33% higher. Plugging that in to NPV calculations and accounting for slight increases in their cash costs relating to inflation, you can easily get a 50% higher NPV of around £20 million. A nice uplift on today's market cap and that's based on a tiny mine life of only 6 years and approx £120k oz mined!

[cast_no_shadow] 07/9/2016 13:56

Thanks for that Nobby.

I'm confident of a positive result, and yes possibly big news today. Could massively reduce the need for debt funding we wil see!

The big drop in sterling means the price of gold isn't that far from its highs in sterling. From memory the economic study was based on only £750 gold and we're at £1,000. Wouldn't have thought it'll be long before the company secures the necessary financing, possibly debt plus equity.

Onwards and upwards!

[nobbygnome] 07/9/2016 07:36

Interesting announcement this morning! Maybe the fund raising to pay for the underground mine will be reduced.

The judicial review is scheduled for 27th-29th September although I have no clue as to whether it will actually take 3 days.

Nobby

[cast_no_shadow] 06/9/2016 22:30

Used to be invested here and followed this company for 5 years now.

It seems like an epic sage with so much red tape and so many hurdles thrown their way, all while they sit on a high grade, low cost of production resource during times of recession and hardship for their local community.

Has the company finally weathered the storm?

Considering putting in a speculative position here, anyone got a handle on the date of the hearing this month? This must be almost certain to go in the company's favour. If it didn't it could be the end?

Have there been many noises in terms of potential financing of the underground mine assuming they get approval? If they manage to build the mine in say 18 months their timing could be perfect in terms of gold prices.

From memory they are proposing a fairly simple operation which shouldn't take long to bring to production.

[nobbygnome] 05/9/2016 12:49

''Twas me!

[panagos] 05/9/2016 11:27

Looks like a sell to me, unless you were the buyer Nobby!

[nobbygnome] 05/9/2016 08:13

The 50k traded this morning is definitely a buy 😜!

Nobby

[bmw30csl] 31/8/2016 11:06

less than a month to go now - hard to see this being a real issue - one person against the good of hundreds but then you wouldn't think it would come to a judicial review either. Time to get this mine working properly!

[nobbygnome] 23/8/2016 07:06

The hearing is scheduled from the 27th -29th September in Belfast. I have no idea if it will take the whole 3 days; you would imagine it could not take that long because it only concerns a procedural issue and not some fundamental problem.

GLA

Nobby

[bmw30csl] 22/8/2016 20:02

Do we have a date for planning decision?

[panagos] 22/8/2016 19:10

nibbled a few more today.

[panagos] 16/8/2016 12:29

buyers paying foll offer now, about to move up imo.

[nobbygnome] 15/8/2016 12:26

Fantastic bowl forming from a TA point of view, which suggests 15 p is on the cards in the next month or so. Of course this times nicely with the court proceedings at the end of September.....

Just IMHO of course....

Nobby

[bageo] 12/8/2016 18:14

Galantas Gold upgraded after recent progress in Northern Ireland
15:36 12 Aug 2016
With a 29.4p price target Whitmore Howard sees more than 200% upside to Galantas Gold's current share price.

hxxp://www.proactiveinvestors.co.uk/companies/news/129301/galantas-gold-upgraded-after-recent-progress-in-northern-ireland-129301.html

[panagos] 12/8/2016 17:01

DALR flying in canada...jealous :)

[bmw30csl] 11/8/2016 22:06

That's amazing, I assumed they were already mining.

[panagos] 11/8/2016 17:22

so why are they valued 15 times more than GAL??

[mineng] 11/8/2016 17:20

Panagos

DAL reckon three years to get planning and up and running in this Belfast Telegraph story.
A little wishful thinking perhaps?

[panagos] 11/8/2016 15:42

GAL is £10m!

[panagos] 11/8/2016 15:40

just checked the bloomberg terminal: Mcap of DALR LN is GBP 184m

[bahamasoil] 11/8/2016 15:35

I think that is C$
Market cap(in millions)* £ 117.88
Taken from LSE

[panagos] 11/8/2016 15:05

dalradian has a Mcap of £176m according to advfn, but of course its mine is more developed.

[bahamasoil] 11/8/2016 14:35

Is Galantas eligible to receive Training funds from the Northern Ireland government or European funds pre Brexit completion?

This new kit needs to be manned and up and running to take advantage of £1k+ gold