Share Name Share Symbol Market Type Share ISIN Share Description
Galantas Gold LSE:GAL London Ordinary Share CA36315W2022 COM SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 4.75p 4.25p 5.25p 4.75p 4.75p 4.75p 148,493 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.0 -0.6 - 8.91

Galantas Gold Share Discussion Threads

Showing 20151 to 20172 of 20450 messages
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DateSubjectAuthorDiscuss
25/1/2017
12:33
top LSE raiser on no news?!
panagos
25/1/2017
08:42
Roland should ask discovery channel to bank roll this. Problem is we need a Tod Hoffman!
bmw30csl
22/1/2017
22:42
But the gold price in sterling isn't far from all time highs. Assume cash costs are say £400/oz with a gold price of £1000/oz. If they produce only 5,000 oz this year that's £3 million cash flow which could be used for additional mine development and to cover unforseen costs. All the infrastructure and a lot of the equipment is in place already. This company just needs a bit more good fortune. This company could easily justify a market cap nearer $20 - $30 million once it ramps up production.
el_duderino_7885
22/1/2017
20:14
Hazl, I've been out of PGD for years and years, except for a short but successful chart-based trading foray. But I do keep up for old times sake, and FWIW I think they're worth watching. Duderino, more or less agree. Answer to ii) - highly likely IMO. Just the mining business. As for many multiples, that depends critically on the gold price. Much as I hope you're right :)
doobydave
22/1/2017
18:19
SORRY OT Doobydave are you still in PGD?
hazl
22/1/2017
17:10
Yes two main issues: I) will the planning be overturned? Unlikely but more delays? Let's hope not but the company is at the whim of an archaic judicial system that has already led to the Mine closure and made the capital shortfalls worse; ii) Under capitalisation. Assuming planning is ok will the phased development go to plan or will there be additional delays/costs and therefore more dilution? I have no doubt that this company will be extremely profitable once these hurdles are overcome. We could easily be talking about a SharePrice many multiples of the existing price.
el_duderino_7885
19/1/2017
12:04
--->DOOBYDAVE I think the price was weakened ahead of this funding round by a few sales to get the price down to a level where the funding vultures can have a cheap pick of the company. It's a shame as this tends to happen a lot ahead of funding rounds with smaller companies. As for your point about building an underground mine. That is precisely what they intend to do with the money, but in a very limited and phased way to start to demonstrate the cash that we can start to generate with a modest capital outlay. Yes, the placing is done at a very disappointing price, but that is down to the pathetic set of delays within the legal system itself. This creates an element of uncertainty for those who have the money to invest and of course, they milk this for all it's worth. I post an extract from the company announcement made on 6th December to back this up as follows.... The Company, which continues to hold a planning consent which it can implement, has been carrying out pre-conditions attaching to the planning consent and is ready for the next phase of implementation. The Board of Directors, having considered the legal advisor's report referred to above, have decided to press ahead with immediate implementation of underground mining, to a plan as outlined in a NI 43-101 economic study (reported 4th September 2014). IT IS ANTICIPATED THAT A PHASED START-UP OF THAT PLAN WILL DELIVER EARLY POSITIVE CASH FLOW FOR A RELATIVELY MODEST CAPITAL EXPENDITURE. The phased arrangement, in terms of mine access dimensions, will allow for rapid expansion of production as additional capital becomes available. The mill is currently being re-commissioned in anticipation of a restarting of concentrate shipments in the first quarter of 2017, subject to suitable financing. The Company already owns an ore processing plant, tailings facility, workshop, hydraulic excavators, articulated dump trucks, bull-dozer, etc., in addition to 220 acres of freehold land. As announced on 9th August 2016, it recently purchased a single boom drill rig and load-haul dump machine, suitable for underground use and that equipment has been delivered ready for use. A budget of £2million (excluding lease finance) for the first phase of underground mining has been estimated. The Company is at an advanced stage of negotiation with a provider of lease finance, which will provide funding for additional mine equipment. Development of the underground mine is subject to the availability of financing and the Company expects to make a further announcement in that respect shortly. It's all in there IMO. If we can start to demonstrate cash generation, the funding vultures will be more inclined to give us the further funds we would require to take the mine up to a proposed 30,000 ounces pa production. Regards, THE COUNT!
the count
18/1/2017
23:35
Agree bageo, but I guess given ongoing uncertainty over the court case the weak price was inevitable - if it goes against GAL, 'placees' stand to lose a lot of money - along with the rest of us. I can't see GBP1.5m building an U/G mine though. Anyone have have more detail on likely cost?
doobydave
18/1/2017
19:28
Shame financing has to be at a low price compared to even a couple of months ago. That said it will provide a significant amount of the finance to put the ug mine into production.
bageo
12/1/2017
09:34
I am pretty surprised at lack of interest here. I guess we need line of sight on underground financing before it can move.
bmw30csl
07/12/2016
23:37
Delays allow the legal bods to make more money? Or am I being cynical?
bigt20
06/12/2016
19:11
I mostly sold out. AAZ has been been a decent investment but I'm looking to buy lots more here. Everything really is in place it's just this damn planning consent it really is an absolutely ludicrous situation. It makes me angry just thinking about it. I'm glad the company are now essentially going full steam ahead with production. I'm interested to hear they have financing almost in place. There must be a lot of confidence in the company if it comes in the form of a loan. Or will it just be equity or a mix? Either way positive signs ar last! I imagine the company would be worth double the current market cap when the financing is in place along with the successful defence of the planning permission.
el_duderino_7885
06/12/2016
18:45
The silence on trades is surprising. What could make a huge different is when Ross Beaty and his friends start promoting this story. It could be some finance comes from this area too? TC - never confuse judiciary and justice.
bageo
06/12/2016
14:45
Well it seemed interesting to me. Not a single trade so clearly not interesting to anyone else..... Nobby
nobbygnome
06/12/2016
07:21
Very interesting RNS this morning. Essentially I think it implies that following the first hearing in September GAL are very confident that the NI authorities are going to win the judicial review. So it could be a good day today.... Nobby
nobbygnome
29/11/2016
19:24
Many of us old time investors said that Roland should sell investment gold rather than waste time on Jewellery. Look at the premium obtained by Scotgold. "The first gold to be commercially mined in Scotland has been sold at auction in Edinburgh. Mining firm Scotgold Resources extracted the gold from 2,400 tonnes of ore which was taken from Cononish mine near Tyndrum. The gold was sold in "rounds" stamped with the Scottish Gold Mark and a unique serial number. The average price was £4,557.9 per ounce, which Scotgold said was a premium of 378% over current prices." BBC
bamboo2
29/11/2016
18:16
The court date was delayed yet again. Not the company's fault. It really is astonishing. Seemingly endless delays, the local government in Omagh are quite simply pathetic. Do they not care about hundreds of jobs that would be created? I'm speechless. The initial hearing should not have been alllwed to go over the allotted time in the first place.
el_duderino_7885
29/11/2016
18:10
..and you are..?
panagos
29/11/2016
16:14
Beginning to look like all bad news from here on in. I wonder what went wrong.
nat hart
23/11/2016
11:13
Anyone been in touch with company for an update?
bmw30csl
15/11/2016
21:08
Significant drop. Anyone left here? Hopefully it's mostly hot money moving on after the delay rather than anything more sinister. I still have a small holding but looking to but back in before December's hearing.
cast_no_shadow
26/10/2016
11:31
some serious volume hitting the wire..
panagos
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