Galantas Gold Share Discussion Threads

[thecynical1] 30/5/2017 17:44

3072 - was funny! 3074 was a bit off!!!!

This is a friendly BB... Can we keep it that way? : )

Fiachra - BOD is a gamble in my opinion.... Upside serious but possible wipe-out if things don't work out. I suspect that Alyssa know more about what they are doing than Teeling and Co which is why I have topped up my BOD a couple of times.

I still have the LUC that came out of the AFD deal back then. Are you in LUC as well?

[willib2] 30/5/2017 17:20

Almost as deep as the hole it made in your account.eh

[panagos] 30/5/2017 14:01

Yep, it's deep enough for you not to be able to make it back here in this side of the 21st century...lol

[willib2] 30/5/2017 13:45

Do you mean the one that your Kazakhstan miner dug.

[panagos] 30/5/2017 11:32

willi crawl back into that hole boy!

[willib2] 30/5/2017 11:12

Panagos, you used to make these blunders on another board as well.
Not good enough my boy.

[panagos] 30/5/2017 09:04

Hi anyone knows what's going on with the court?

[fiachra] 26/5/2017 16:23

Thanks Cynical. Is Gael Mise.Yes I did have AFD all those years ago. It was my one great " success" in 50 years. I note you post on its progeny BOD. Have you anything salutary to say about this?

[thecynical1] 26/5/2017 14:19

I hope so. I have MIO as well. Bought them because of the NSR more than anything else so happy to hang on to the "free shares" in the rump MIO that will be left over. A JV with the Manganese Oxide project and or developments in the the UK with their project and it'll be happy days imo

DALR seems to be a well run company. Jmo. So happy to get DALR shares as part of the deal.

With a name like Fiachra, I assume you are from Ireland? I know your poster name from somewhere else.... Did you have AFD all those years ago?

[fiachra] 26/5/2017 13:11

Thanks Cynical-very concise. Do you think it will go through?

[panagos] 26/5/2017 09:10

Understood, tks cynical sorry if I have confused anyone.

[thecynical1] 26/5/2017 08:54

Mio have what is called a net smelter royalty (NSR) on DALR's production - basically for every ounce of gold produced, MIO will earn a small amount. DALR want to remove this future liability and as such have apparently made an offer to buy out the NSR rights. They are not buying MIO. MIO will as I understand it retain the other parts of the business. The DALR deal only relates to the smelter royalty. If this goes ahead, MIO sharehders end up with shares in DALR and retain shares in MIO but MIO will no longer have the NSR as an asset. Hope this is understandable?

[panagos] 26/5/2017 08:15

what does that mean?

[thecynical1] 26/5/2017 08:02

Panagos...get your facts right.... DALR want the smelter royalty out of the way.......

[panagos] 19/5/2017 20:23

Not sure if it was discussed before, but looking at the takeover attempt for minco by dalradian, I guess they would come at our way at some point. But we wouldn't want to sell out at less than 50p would we?

[hazl] 19/5/2017 13:50

I guess we will know in time what prevails.

[nobbygnome] 19/5/2017 13:35

Apparently I was wrong about the hearing on Monday being the GAL judicial review result so sorry for misleading everybody. It was a big coincidence that the name of the person is Donnelly and the right department was involved. Nevertheless the result must be due soon!

Sometimes you add 2+2 and get 5!

Nobby

[panagos] 18/5/2017 07:57

Welcome TC , it's a bit of reassurance that we are not elephants with this one! :)

[hazl] 18/5/2017 06:25

Let's hope he's right.

[the count] 18/5/2017 00:40

--->PANAGOS

A great find Panagos.

Could be a fantastic story here if the stars start to line up in the right place for us.

I thank you for posting that.

Regards,

THE COUNT!

[panagos] 17/5/2017 21:32

from riskmanager in SH canada:

Yes be patient on this one. They just settled with the police for an arrangement, which is a great news. Next step, settle the judicial review for the permit.

You guys should have a look at ICg (Integra Gold). ICG was bought out by Eldorado Gold this week for 590M$. Around 1,5M onces of gold with a grade of 7g/T and 45% IRR which is good. Now have a look at Galantas, alomost the same grade, infrastructure in place, 75% IRR, resources will be upgrade in the future to reflect the last drilling. We are sitting on 500,000 onces of gold but as the CEO said last year, he believed the mine as a potentiel between 3-5Millions.

It's just a no brainer at this price but at the same time, the risk about the judicial review is price in. Now let' say the get the final approval from de court, this company will fly. I'm not saying it should worth 590M$, but Irland is one of the top friendly juridiction according to the last survey.

Do your own DD but i'm pretty sure it's a matter of time before the big day. You cannot afford to pass over a 75% IRR mine. It's huge.

For me this company, with a judicial review done, should worthat least 1-1,50$ per share with a float of 172M of shares which bring us with a Market cap arund 250M$.

Good luck guys
RM
Read more at hxxp://www.stockhouse.com/companies/bullboard?symbol=v.gal&postid=26253977#PMXi7deHbVm8ZQkZ.99

[el_duderino_7885] 16/5/2017 16:25

A positive outcome from the review will surely put massive pressure on the PSNI with 130 jobs at stake.

[hazl] 16/5/2017 15:35

At least it's maintaining equilibrium as they say.

[nobbygnome] 16/5/2017 15:05

I am surprised there is not more interest here now that the judicial review result seems to be coming next Monday. It is the most important issue facing the company notwithstanding the problems with the PSNI.

Nobby