Galantas Gold Share Discussion Threads

[panagos] 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] 12/9/2017 13:11

Very interesting, thanks.

[mineng] 12/9/2017 11:50

Panagos

found these aerial pics by Gordon Dunn
They show the new excavation in April

[happyholder123] 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!

[panagos] 06/9/2017 11:20

That's great, so GAL valuation is clearly wrong.

[mineng] 06/9/2017 11:11

Panagos
Blackrock seem to think the Dal valuation is OK, with north of 11%.

[panagos] 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] 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] 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.

[bigt20] 22/8/2017 17:02

Time = money!

[panagos] 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?

[bageo] 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.

[the count] 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!

[panagos] 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] 01/8/2017 08:25

now this is good news.
Come on Judge Judy clear the court case and we are off.

[bageo] 12/7/2017 14:14

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.

[nobbygnome] 12/7/2017 07:14

We have struck gold!!! Ok only a narrow vein but nevertheless good progress with the mine is being made. How on earth is the company valued at less than £10 million! Maybe it won't be after today 😜

Nobby

[willib2] 30/6/2017 13:10

Panagos,
Now have another look, but this time at the price.

[willib2] 18/6/2017 08:17

Panagos, have a look at the Mail On Sunday LIDCO article.

[fiachra] 02/6/2017 13:01

Thecynical1. Alrosa/Maibwe/Vutomi

[bigt20] 02/6/2017 08:01

panagos30 May '17 - 17:24 - 3074 of 3077

--> Has just scored!
MEGA LOL!

[thecynical1] 02/6/2017 07:39

Hi Fiachra... Bloody auto-complete function..... Yes... I meant Alyssa.

[fiachra] 01/6/2017 17:34

Unfortunately I hod only 80 luc which I got for my 100 afd--which I held so I could attend the agms (dress permitting). I presume you mean Alrosa (Russians). What about the 15 per cent stake in Maibe?. What do you think of the Vutomi Venture?