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 4,050 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 20226 to 20246 of 20450 messages
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DateSubjectAuthorDiscuss
02/4/2017
07:39
The real point here is that this situation is not like most small cap mining companies where they are years away from getting the stuff out of the ground. GAL have already begun digging the hole for the underground mine and are only months away from getting the ore out of the ground at a good profit. Someone explain to me why the company is only valued at £12 million (yes I know it may be different after a positive ruling!). Nobby
nobbygnome
01/4/2017
18:39
Nice summary bageo. Any timelines given on the various phases? The economics of this mine really are phenomenal. Once planning and capital are sorted this board is going to be buzzing with new investors. This is well worth watching for anyone interested in investing in the miners right now. I also have long term money in the GDXJ: hxxps://youtu.be/6GLdYJeI6oE
el_duderino_7885
01/4/2017
13:49
Thanks bageo! I took down some numbers but they didn't make much sense when I looked back at them. The economics of the mine really are very impressive now and with a positive judicial review outcome, there has to be a serious rerating here. In fact I am surprised more people haven't taken a punt on the review outcome; trading volumes have been low for the last few weeks. Nobby
nobbygnome
01/4/2017
12:23
Nobby has summarised well, other points I took were: The mine infrastructure e.g. haulage decline is sized for 40t haul trucks ready for a future scale upto 50koz/yr. Due to 43-101 rules the figures quoted are at £750 that the study was done at, while Roland was able to confirm that £990 gold improves economics no specific figure was able to be put on it. With Phase 1 (20koz/yr) cashflow positive at £750 clearly an extra c£5m cashflow is mostly profit that can pay for the scaling up of the mine to 30koz then 50koz/yr. Phase 1 production of 20koz/ye will be from 2 stoping panels and is slightly higher cost due to the lower volume - £430 cash cost vs £394 in Phase 2 (30koz/yr) The mill is ready to receive ore, having been test run after being on C&M. The Joshua vein intercept of 13m true width is a nice problem to have - working out how to mine. Gavin Harris leads the Operations team and has good experience turning round a loss making mine to be profitable - I think this may be the Henty gold mine but an not 100% on this. News on the splinter (from Kearny) vein shouldn't be long it is only 50m from the portal. Only 1 drill hole and at surface so no certainty and nothing is build into any forecasts and assumptions about it.
bageo
01/4/2017
01:33
All sounds positive. Thenks Nobby
el_duderino_7885
31/3/2017
07:22
Thanks Nobby.
panagos
31/3/2017
06:55
Overall a very upbeat presentation. Although Roland could not comment on the outcome of the judicial review the chairman made the point that the company wouldn't be developing the underground mine if they were expecting to get a negative review. Another emphasised point was the advantage of the plunge in the pound which means that currently since gold is about £1000 an ounce, the economics of the mine look much improved. There was detailed discussion of the different veins and he also talked up the other areas of their licenses where there is evidence for good levels of gold. All 3 veins are covered by the planning consent for the underground mine. In addition, there was mention of an extra small vein which may be hit early on in the underground mine development. It is not proven because of limited drilling evidence but we will find out soon if there is anything there. TC had a discussion with Roland about when we can expect some concentrate production and I am not sure, what the answer was. I hope he will comment later today. So overall positive but really it is all down to the judicial review result. That could come at any time but there is no visibility of when. I keep an eye on the court lists but Roland was not sure if it will be posted ahead of time. Nobby
nobbygnome
30/3/2017
22:47
Any news Nobby?
el_duderino_7885
28/3/2017
07:39
Apart from GAL, for anybody that still believes in gold going forward, PGD had a good RNS this morning. IMO
hazl
27/3/2017
14:44
Hmm interesting timing for options...
hazl
27/3/2017
13:14
Excellent,I look forward to your update Nobby. I'm particularly interested to find out if there is a possibility of cash flow from the near surface ore by end of April as the company previously indicated.
el_duderino_7885
27/3/2017
10:10
there's a thought!
hazl
27/3/2017
09:32
I am going on Thursday as is TC I believe. Of course the most important information is the judicial review ruling and I guess that could come any day now. It would be great if it came before Thursday because then Roland would be able to speak much more freely! Nobby
nobbygnome
27/3/2017
09:22
http://www.miningcapital.com/ Proactiveinvestors.co.uk/archives/miningCapital Again from Proactive 'First, Galantas needs to mine into the Kearney vein. Then it needs to work out how it will move production up a stage to reach the basic parameters outlined in the 43-101 report. Cash will be coming in by then, so potential investors or other funding providers will have proof of concept of a sort at their fingertips – the ore can be mined, it can be processed, the gold can be sold and the money delivered into Galantas’s accounts. Perhaps even more pertinent to those curious about future funding needs is the presence of Canadian mining investment giant Ross Beaty on the register. That is serious no-nonsense money backing the ongoing development work. Why’s it there? Simple. In sterling terms, the Galantas project showed an internal rate of return of 72.2% based on a price of £750 per ounce of gold. Now, the price of gold is just shy of £1,000.'
hazl
22/3/2017
10:53
Galantas Gold CEO Roland Phelps will be presenting to investors at the Mining Capital Conference on 30th March in London. For details and registration, please click here: https://tinyurl.com/klxr2ho
aim_trader
20/3/2017
09:53
Long term 'bowl 'perhaps forming?. 7 year chart.
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.
hazl
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!
el_duderino_7885
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!
the count
16/3/2017
15:47
www.proactiveinvestors.co.uk/companies/news/174834/galantas-gets-cracking-with-underground-development-work-174834.html
el_duderino_7885
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