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% 5.625p 5.50p 5.75p 5.625p 5.625p 5.625p 2,093 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.2 -0.6 - 10.55

Galantas Gold Share Discussion Threads

Showing 20226 to 20249 of 20575 messages
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DateSubjectAuthorDiscuss
12/4/2017
10:32
Gold seems to defy all the naysayers these days. If we have a bit of positivity in news here at Galantas then things would follow through to the share-price I'm sure. IMO
hazl
07/4/2017
16:16
brilliant day for gold today expected more movement here to be honest
hazl
06/4/2017
19:07
Oh look ??????? GAL and LID are 7.38p
willib2
04/4/2017
15:58
Well apparentl a 7.5k sale moved the price! I suspect there will be a largish delayed trade which was the actual culprit. Don't you just love this opaque market and the dodgy dealings of the MMs. Ho hum.... Nobby
nobbygnome
04/4/2017
10:55
Current on line quotes are 50k bid at 7.7625 and 100k at 7.76 but only 15k offered at 7.95. So a move up is likely on even a low level of buying. Nobby
nobbygnome
03/4/2017
19:04
Yeah some nice buying today.
el_duderino_7885
03/4/2017
16:15
I did warn you! Won't take much to get a move in the offer price as well. No online quote for 25k now... Nobby
nobbygnome
03/4/2017
15:54
Interesting. The online quotes have firmed considerably this afternoon. I can only buy 25k now and am being quoted 7.951p. Looks like we could get a movement up shortly. Nobby
nobbygnome
03/4/2017
15:41
Sorry *valuation This phone is too small to be writing quick posts on!
el_duderino_7885
03/4/2017
12:28
Divmad I think the company will reach an appropriate baluatiob when: I) It turns a profit and demonstrates it is achieving the numbers on its DCF II) Sentiment improved in the industry overall Historically juniors they do well can return multiples to investors - I don't think the relatively small production is a big issue. GAL already has institutional support which is s good sign.
el_duderino_7885
03/4/2017
08:57
Another question for you. Do you think the market will pay up and give full value (using junior gold peer comparisons) for a modest gold mine producing just 15k oz pa? Even 60k pa won't reach the fulcrum point for serious gold mine output. Nice, but not premium status.
divmad
02/4/2017
22:27
No I wouldn't say it would be valued at zero. If the planning appeal is upheld the company would have to reapply for planning I would imagine. In that scenario I imagine the planning authorities would want it pushed through as quickly as possible due to their negligence if that was proven. It's the planning authorities being challenged not the company itself. It would mean more delays and a much lower share price undoubtedly.
el_duderino_7885
02/4/2017
22:16
Thanks for the replies. On the face of it, GAL is very lowly valued - for good reason due to the pending JR outcome. A binary bet here. Zero value versus 3-6x upside. Must do more research on the chances this JR will go in GAL's favour.
divmad
02/4/2017
21:30
Markets don't like uncertainty so for anybody that can think outside that parameter and live with it, then the risk/reward, as I said, is very interesting. Clearly one has to accept the risk is there and invest accordingly.
hazl
02/4/2017
20:48
200% even at three times the price.
el_duderino_7885
02/4/2017
20:48
Yeah if the news is good I can see the market cap doubling very quickly. What do people here think a fair valuation is based on good news? Assuming only 15k is achieved in the first year and £500 cash costs we'll have £7.5million FCf a year and a £30 milllion market cap isn't out of the question so 300% upside.
el_duderino_7885
02/4/2017
20:44
You have to include the debt though. HUM will be $55 million in debt by the time that mine is built. So you need to add that on to the market cap for a like for like comparison. GAL's debt is tiny in comparison. Plus it's in Africa so you would apply a huge discount based on that. New mines can often be delayed and rarely achieve planned production. That free cashflow of £55mn is a best case scenario and very unlikely to be achieved.
el_duderino_7885
02/4/2017
20:40
All, Yes, the 'short-term voting machine versus long-term weighing machine' truism occasionally creates some juicy ratings disparities. Currently GAL's risk-reward ratio is ridiculous, assuming the judicial review goes in our favour. It'll be interesting to see how much the MMs tack on in hour 1 following positive news but it'll still be an easy win IMO.
doobydave
02/4/2017
20:20
Divmad - FCF of around £12 million initially based on £20k production. Potentially £36 million if they ever reach their target of 60,000 oz.
el_duderino_7885
02/4/2017
19:35
Nobbygnome, I see you commented over on the Imm bb, where I am a largish investor. Here at Gal, can you point to any firm forward looking numbers for the company on free cash flow to be expected at current Gold prices, if and when production is allowed to go ahead after the JR? Basically, what's the upside from a standard valuation point of view, to the current MC of circa £13mn? For comparison, I own a good amount of HUM, which is predicting first year FCF of £55mn starting in December, against a current MC of £88mn. TIA.
divmad
02/4/2017
14:04
'The Russian central bank opened its first overseas office in Beijing on March 14, marking a step forward in forging a Beijing-Moscow alliance to bypass the US dollar in the global monetary system, and to phase-in a gold-backed standard of trade. According to the South China Morning Post the new office was part of agreements made between the two neighbours "to seek stronger economic ties" since the West brought in sanctions against Russia over the Ukraine crisis and the oil-price slump hit the Russian economy.' Relevant? Perhaps, perhaps not but interesting, nonetheless. from zerohedge thanks to roguetreader.
hazl
02/4/2017
12:11
Yes 100% the track record. This company has been a disaster for many years now. Even back in th days when they were producing, they managed some decent production for a year or so and rising profits only for planning issues to effectively shut down the mine. One of the best plays in a gold bull run is to invest in: I)re-opening mines; II) mines that have low cash costs; III) mines with amazing exploration potential Gal has al these strings to it's bow plus a CEO willing to dip in to his own pockets and also holding a huge stake in the company. This is far more than a hobby for Roland. Once he planning goes our way - fingers crossed and shipments begun this silly valuation will be a distant memory.
el_duderino_7885
02/4/2017
10:13
It is good to thrash these things out, whether they be ongoing prejudices....even if based on past factual record...or reputation, ill-deserved perhaps, by factors outside their control. There are several things that influence the eventual outcome. The judicial review is paramount. The macro environment economically and clearly following on from that, the direction of the gold-price both short and long-term will play a dominant part likewise. For all those factors to come together positively, as a future possibility, is why I have chosen to get a few here because of the great risk/reward ratio. IMO
hazl
02/4/2017
09:30
>>DD Yes I understand what you are saying. However, to be fair to Roland the mine has already produced a reasonable amount of gold from the open cast pit. He can't be blamed for all the procedural issues which have protracted the whole process. I guess ultimately what you say means that when it becomes obvious that the mine will produce gold at a good profit, there will be a serious rerating. Nobby
nobbygnome
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