Galantas Gold Share Discussion Threads

[mineng] 17/1/2018 11:05

Panagos
As I understand it, Dalradian are at the start of the mine planning application process, having been engaged in underground and surface exploration until now. I guess they likely have the same hurdles (if not more due to the larger scale and use of cyanide).

[panagos] 17/1/2018 09:24

BTW I have always had this question.

Why is not anyone taking dalradian to court for anvironmental issues? Aren't they located just next door to our mine?

[panagos] 16/1/2018 08:12

Hi Nobby,

for me the court case is a non issue.

We have the CEO and Ross Beaty holding a huge chunck of stock.

Gold is peaking up and proved reserves would provide an option (leverage) to gold price.

The only important thing imho is for the drill bit to hit the yellow stuff in decent grades and amounts.

Then the happy Irish leprechaun will be standing at the end of the rainbow holding a four leaf clover and a pot of gold!

[nobbygnome] 16/1/2018 07:47

>> pan

I completely agree. The valuation looks absolutely ridiculous although I guess the appeal is affecting the price at present. I am slowly accumulating (bought 70k last Friday) and intend to build a big stake here over the coming weeks.

Nobby

[panagos] 15/1/2018 17:59

Gold os trying to break out of the 52 week high today.... is gal totally umdevalued? Any news with the court appeal fiasco?

[panagos] 09/1/2018 19:18

New gold player in NI.

[rambutan2] 27/11/2017 18:00

Lets see just how successful our moneybags cousin is as it heads into the murky depths of the N Irish planning system:

TORONTO, November 27, 2017 /Marketwired/ - Dalradian Resources Inc. (TSX:DNA; AIM:DALR) ("Dalradian" or the "Company") is pleased to announce that it has submitted its planning application to permit the building of an underground mine and associated infrastructure at the Curraghinalt gold deposit (the "Planning Application") to the Northern Ireland Department for Infrastructure ("DfI"). The Company also announces closing of the private placement financing (the "Private Placement") with Orion Mine Finance Fund II LP ("Orion") and Osisko Gold Royalties Ltd ("Osisko") for gross proceeds of C$78.25 million.

Patrick F. N. Anderson, Dalradian's President and CEO, commented: "This is an exciting day for Dalradian and for Northern Ireland. It is the culmination of seven years of exploration, engineering and environmental work on the Curraghinalt deposit and financings that have raised more than C$260 million for our work in Northern Ireland. We have transformed the project from a small, early-stage deposit to one of the best gold projects on the planet. Building and operating a mine at the Curraghinalt deposit will create at least 350 permanent direct jobs and is expected to give a US$1 billion boost to the local economy over the 25-year life of mine in the planning application. This will be one of the largest foreign direct investments to be made in Northern Ireland in recent years.

[thecynical1] 21/11/2017 14:18

Slowly but surely getting there.....

[thecynical1] 17/11/2017 08:46

I wonder........heading back to the placement price?

[panagos] 16/11/2017 10:17

I know been following him for years and he is one of the few reasons I originally invested here.

[mineng] 16/11/2017 10:15

Panagos

Ross Beaty is a serious player and well respected for sure.

[el_duderino_7885] 03/11/2017 22:32

This was always coming. No he doesn’t and I wonder if he’ll look back on these as years well spent.

No doubt he has a big electric fence to keep out the locals, 150 of whom will rely on this company shortly for their livelihoods!

[bageo] 03/11/2017 17:02

Judicial review appeal seems late compared to timescales people have mentioned. Disappointing but can't see it stopping any progress - the judgement was very clear.

Development of the underground seems to have accelerated which is good news.

[goldguru2017] 30/10/2017 15:34

Kestrel Gold (TSX Venture Exchange symbol KGC.V)

- Capitalised at only GBP 2.5 million
- Drilling results on Val Jual property due in coming weeks
- Peak values of 12,400 ppb Au from recent soil sampling on Val Jual
- Originally staked by Jean Pautler, who’s considered to be one of the best geologists in Canada.
- She was honoured in 2010 by the Yukon Prospectors Association for her work in opening up the White Gold District
- CEO recent interview ““WeR17;re on our third hole, drilling an area that hasn’t been drilled before. I believe we’ll hit some pretty good numbers there which will drastically change the outlook for Kestrel Gold. Jean Pautler thinks we should hit good in there, and so do I.”

Please do your own research on the Company before investing. Thank you for your time.

[panagos] 26/10/2017 21:15

I guess there will be modest fundraising along the way, besides this is how junior mines get funds afterall.Now the court is out of the equation the 100 or many 100s million question is there a lot of high grade yellow stuff in that undergroung hole?

[bageo] 26/10/2017 19:12

I believe that any appeal would have to be announced as a material fact therefore it should all be clear. The judgement is very clear that the 2015 underground mining planning permission is lawful.

Working capital should be less of an issue after the last announcment with the rent to buy on some underground equipment. This was always the intent.

[boilandgas] 25/10/2017 13:48

The Judicial Review was completed on 29th September

Appeals Procedure

Court of Appeal
In most cases permission to appeal to the Court of Appeal is required. The lower court may grant permission, but this is unusual as it is a way of saying that the judge accepts the decision may not be right. More often, permission is refused and one has to apply for permission from the Court of Appeal itself. It is vital to initiate this process quickly. One has to lodge an "Appellant's Notice" within 21 days of the decision to be appealed along with grounds of appeal. This is relatively easy to do, as the information required is not great. Nevertheless, full documentation and a skeleton argument in support have to be provided shortly after that.

In cases where permission for judicial review is refused by the High Court, the Appellant's Notice must be lodged within one week (7 days).

Since we have not heard anything relating to this long running saga. Can we assume that, subject to working capital restrictions there is nothing holding us back?

[gb904150] 10/10/2017 11:53

Interesting general update here:

hxxp://www.proactiveinvestors.co.uk/companies/news/185268/galantas-pushing-on-with-development-following-favourable-judgment-in-judicial-review-185268.html

Doesn't add much but GAL situation is now much better:
- pretty clear of judicial problems
- sorted issues with PSNI re: blasting
- has re-commissioned the mill in anticipation of restarting concentrate shipments
- is pressing ahead with UG
- found a stringer vein which may be re-intersected. Should provide some ore on way to Kearney vein

Appears cheap and hopefully not far now from re-establishing production. Phelps hints at a few months.

Had C$1.6m cash at June. Probably around C$1m now. Likely to need a small raise to accelerate development.

Plus very little interest!

[panagos] 03/10/2017 13:23

Going up, valuation rediculous now de-risked. Ok, more funding could cause a bit of dilution but come on, there is so much room for shate price appreciation.We only need to hit more paydirt now and this share would be as good as gold!

[el_duderino_7885] 30/9/2017 20:46

Biggest risks are cashflow and the possibility of an appeal.

From what I gather, the judgement took a long time but was extremely thorough. The fact that both a planning authority and a judge have reached the same decision and that no stone was left unturned in this judicial process means an appeal woukld be extremely unlikely to succeed. This wasn't a quick decision - it took 7 months!

I would have thought the legal council of Mr Donnelly would have briefed him on this. Any subsequent appeal would surely be based on an emotional/ vindictive response rather than something that had a credible chance of success.

For these reasons I don't think the company has any material planning issues to worry about now.

The RNS from 1st August indicated feed from the stringer vein woukd begin processing within 10 weeks which is 1 week from now. If this timetable to correct we will finally have some cashflow. The stringer vein and offshoot they expect to intersect soon could well provide the company with sufficient capital to complete the underground mine construction.

[panagos] 29/9/2017 16:44

nice summury bageo, hopefully weekend press will help

[panagos] 29/9/2017 16:44

nice summury bageo, hopefully weekend press will help