Galantas Gold Share Discussion Threads

[hazl] 17/3/2017 12:20

KITCO

'Federal Reserve commentary this week that U.S. interest-rate hikes should continue to be gradual portends more gains ahead for gold, says Phil Flynn, senior market analyst with Price Futures Group. He points out that a post-Fed rally this week included the biggest single-day gain for gold since the U.K. Brexit vote last summer. “It went up…mainly because the interest-rate increase (announced Wednesday) was already priced in and because the Federal Reserve used the word ‘gradual’; when it came to raising interest rates,” Flynn says. “That seems to suggest that the market’s fears that the Fed was going to be have a more aggressive path on interest rates were overplayed. It changes the complexion of the dollar and the perception that the Fed was going to tighten too quickly. So now, gold looks like a much better investment as we go forward.” 'F

[hazl] 17/3/2017 08:07

Interesting......I was looking at various posts and values being cited in earlier posts ....2814, by cast no shadow and NOBBY and the potential discussed.

[el_duderino_7885] 16/3/2017 19:04

Absolutely yes TD, but that depends on life of mine and sentiment towards gold and the miners.

3 - 4 x earnings is at the bottom end of the scale.

If there was a blow off top who knows what multiples could be possible but like you say, all hypothetical.

I'm encouraged to read they have enough money now to fund this phase of the mine development as I was worried they'd have to go back to the markets for more before long.

The mine being built is relatively simple and all the infrastructure is already in place.

The potential of this resource is extremely encouraging and just imagine what might be found should they have millions to throw at exploration. Grades are generally outstanding.

Let's see how this one plays out. Planning is everything. If the adjudication is won we are the most undervalued miner on the LsE.

No one on these boards and very little interest in this company. Let's hope this board is buzzing this time next year!

[the count] 16/3/2017 18:27

--->EL_DUDERINO

You think a profit of £30m+ (if ever achieved) woulk equate to a market cap well in excess of £100m?

I would have thought that claiming it to be in excess of £200m would be nearer to the mark.

But lots of things could happen between now and then, so all conjecture for now. But yes, potential is very high.

Regards,

THE COUNT!

[el_duderino_7885] 16/3/2017 15:47

www.proactiveinvestors.co.uk/companies/news/174834/galantas-gets-cracking-with-underground-development-work-174834.html

[el_duderino_7885] 16/3/2017 15:29

[...]

I like the sound of this!

Doing some quick sums if they did achievable 60,000 oz assuming costs as high as £500/oz - considerably more than expected and price of gold if £1000/oz that would be £30 million a year and a market cap well in excess of £100 million.

That's if the gold price doesn't increase materially.

The potential upside of this share price is incredible.

This doesn't include the massive potential of the unexplored resources either. Bring on the planning decision!

[hazl] 16/3/2017 14:05

53% of shares not in public hands bodes well I think ......
shows some ready support.

[hazl] 16/3/2017 14:01

Directors Holdings

Significant Shareholders and Percentage of AIM Securities not in public hands.
Name and Municipality of Residence Present office and Date first appointed as director Number of Common Shares Owned, Beneficially Held or Controlled % of Class Held or Controlled
Ronald Alexander
Calgary, Alberta Director
September 20, 1996 112,000 0.07%
Lionel J. Gunter
La Manga, Spain Non-Executive Chairman and Director
September 20, 1996 3,393,088 1.99%
Roland Phelps
Jersey, Channel Islands President and Chief Executive Officer and Director
February 17, 2003 33,356,750 19.52%
James B. Clancy
Toronto, Ontario Director
June 21, 2001 36,846 0.02%
James I. Golla
Mississauga, Ontario Director
June 21, 2001 20,000 0.01%






The number of AIM shares held by Directors is 36,918,684 and the percentage of securities held by Directors is 21.6%.

[hazl] 16/3/2017 13:31

gold rising further I see

[el_duderino_7885] 16/3/2017 12:46

Thanks for that. So possibly another two months.

Let's hope it's much sooner - could be any time.

The company mentioned possible shipments going out end of April too so I'm hoping we get an update on that soon.

[hazl] 16/3/2017 12:22

thanks the count..........
blue well deserved......

imo

[the count] 16/3/2017 10:52

--->ALL

This link (if I can get it to work) might be of some interest to people about the likely length for final judgment on the case. I guess they make a case for pretty much any length of time up to 3 months (or beyond that even).

Hope you can read this link....



Regards,

THE COUNT!

[hazl] 16/3/2017 08:40

News would be good.
Busy day today but will look in when I can.

[hazl] 16/3/2017 07:41

Indeed its looking good though ....gold has been given the green light!

[el_duderino_7885] 15/3/2017 21:14

Yes, I'm a little frustrated as I wanted to put some money in 5SIL.L at 16.7 ish.

Think silver will easily target 18.5 and higher on this move! Too much tied up here though :)

Silver is behaving impeccably. Went back down to kiss support having broken out of its downtrend and we could see silver in the 20's this year.

Fingers crossed for the news we all want to hear soon for Galantas!

[hazl] 15/3/2017 19:24

GOLD up 16.70!

[hazl] 15/3/2017 11:34

Despite likely interest rate rise in US I think precious metals are worth holding.
We will see in the next little while I guess.

[hazl] 14/3/2017 08:46

The above is worth a watch,in my opinion.
TOM CLOUD says the next 45 days likely to be the most important in his 45 years in the business.
We are certainly going through unprecedented times.
Who knows how it will play out?