Galantas Gold Share Discussion Threads

[doobydave] 21/11/2018 18:31

How come, rambutan?

[rambutan2] 21/11/2018 18:21

"Proposed" fund raising rns makes even more sense now.

[the count] 21/11/2018 10:23

--->PELGIS

Are you a local resident to either GAL or Dalradian?

THE COUNT!

[panagos] 21/11/2018 10:18

lol...funny clip but a share price of 15p next week will be real fun!

[nobbygnome] 21/11/2018 07:26

So D day on Friday..... I wonder if they will suspend the shares ahead of the result.

[bageo] 21/11/2018 07:23

It's going to be a busy week for new releases - must be a Gal record! 3 or maybe 4 (based on previous experience Gal will be suspended for a sort time due to announcement being during UK trading hours hence additional RNS on friday)

Glad to finally be getting the Court of Appeal result this week.

[bahamasoil] 20/11/2018 13:10

My thoughts going forward into 2019

Orion paid top dollar for Dalradian when they were at least two years away from obtaining Planning Permission, with a process requiring cyanide that has its fare share of objectors.
The acquisition, valued Dalradian at Cdn$537 million (roughly $407 million) — a 62% premium to the explorer’s share price at close on June 20, a day before it was announced. Much of that value was in cash.

You have to ask why would they tie up non productive funds for such a long time knowing the problems Galantas have had in the past with planning. Particularly knowing the depth of feeling against the use of cyanide.

One possible reason seems to be to bring the management team that retained their interests in the DALR assets onto the Orion stage.

panagos, may well be correct in that Ross Beaty, already wealthy has about C$35m received from Orion for selling his Dalradian stake and is openly on a mission to build a large Gold mining entity. I think that will be achieved in part by dealing his interests in early stage miners, like DALR, GAL, CNR etc to produce a North American based Gold minor. Doubling his investment in DALR was agood start.

Beaty may be the trigger here for the corporate interest and is sure to make additional gains from GAL.

But if Orion want to fast track their DALR investment they need to consolidate the Galantas and Dalradian properties and expand the existing Galantas process and pursue their planning permission modified to remove the cyanide element on their Dalradian licence.

Long standing (yes there are some of us) Galantas shareholders suffered a 1 for 5 consolidation in April 2014 and this would need to be reflected in any corporate activity.

I have been looking at the RESOURCE ESTIMATE, PRELIMINARY ECONOMIC ASSESSMENT & DETAILED FEASIBILITY STUDY dated 26.07.14.
It provides guidance for gold priced at £700/750/800 per ounce and it is currently at £950.

I am looking north of 15p

GLA

[panagos] 20/11/2018 10:20

If Ross Beaty (who is a billionaire) is the interested party, let's hope Roland and Mequart make him pay up...at least 15p after all Roland has done for this company

[panagos] 20/11/2018 10:18

just seen yesterday's announcement again Mequart holds 19.2%

[panagos] 20/11/2018 10:17

Actually strangely enough I kind of hoped that the aggressive hedge fund Mequart (well that's what hedge funds do, go in for a quick buck) would hopefully act as an obstacle to an opportunistic t/o by some interested mining company (e.g. Ross Beaty) on the cheap.

After the placement I would think they and Roland would control over 50% of the company (Mequart owns 20.92 and Roland 20.46 as per Bloomberg terminal today).

Views?

[rambutan2] 20/11/2018 03:40

Yes DoobyDave, I was thinking along the same lines. With Melquart upping to a 25% stake, it and Roland could block any other interested party. Also noted that Ross Beaty doesn't seem to be taking part in the placing. Could he be the interested party?

Also agree that on the face of it, the immediate dilution is very disappointing for long term loyal shareholders.

[doobydave] 20/11/2018 00:43

The Count,

Does this have anything to do with predatory interest in the company? "The Company has received, through an advisor, expressions of interest in the Company's Omagh properties and operations. The Company will advise shareholders if matters of substance arise that may lead to corporate action".

It occurs to me that if Roland can say, 'we're fully funded for the foreseeable future so stick your derisory offer at 30% premium to current market cap where the sun don't shine', we're the winners. I don't want a take-out at 6.5p.

Take this factor out and I'm in agreement.

Also glad to see Roland's loan transmuted to more conventional terms. It saved Galantas from the knacker's yard and we're unquestionably in his debt, but it's been an uncomfortable arrangement in terms of company credibility IMHO.

[the count] 19/11/2018 23:18

--->ALL

Very disappointed with the timing of this particular funding round, so soon after the last one and so close to the previous price, and at the size of the funding.

I just don't understand the logic of giving away so much of the company in one hit (relatively speaking), rather than doing it in stages.

Couldn't a smaller amount be raised to get us to some early production, which in itself will generate cash flow, along with a higher SP, and then if needed, raise another chunk of funds at a higher price?

As usual, the smaller investors get shafted while larger insititutions take out the bulk of the company at ever lower prices. And of course, when the tide turns and profits materialise, those profits flow disproportionately into their pockets.

I am sure this secures the company, but did it all have to be done in a one off large hit like this?

Regards,

THE COUNT!

[panagos] 19/11/2018 07:57

GAL price never goes up...lol

[nobbygnome] 19/11/2018 07:47

Yes probably one of those rare good fund raising. Clearly the shares are going into sticky hands of long term supporters of the company plus it will enable the company to ramp up production quickly. So I wouldn't be surprised if the price goes up today....

[panagos] 19/11/2018 07:46

Looks like the whole world and his dog want's a piece of this...even with the court case appeal pending.

[bageo] 19/11/2018 07:41

wow big cash raise - removing the barriers to scaling up to 30,000 oz/year. I'm surprised it is being done now but without detail of what is happening underground - i.e distances tunnelled and the stopes open it is difficult to judge. Looks like this is the yr2 captial spend from the study.

don't miss the "The Company has received, through an advisor, expressions of interest in the Company's Omagh properties and operations. The Company will advise shareholders if matters of substance arise that may lead to corporate action." - hardly surprising considering progress and the low value.

[panagos] 12/11/2018 14:39

thanks for the interpretation.


If I was a lurker I would be afraid to miss the boat than to face any downside at this point of company's development.

Just the court case should be done and the future is up for grabs.

[mineng] 12/11/2018 14:35

Panagos : Perhaps they are.

I don't profess any unique insight but it did occur to me that the pre-open order book might reflect both the risks to the downside and to the upside.
That is, if 252,500 shares were sold instantly, the price would fall by a third, but if 100,000 shares were bought instantly the price would more than double.

That balance seems to favour the upside.

It is only one point in time and the balance of the order book may change as sentiment or price changes.

[panagos] 12/11/2018 13:09

what are you saying mineng.. are the canucks finally waking up to the potential?

[mineng] 12/11/2018 12:44

Pre-Open Depth of Market on TSXV

Instrument Name: Galantas Gold Corporation Symbol: GAL


BID ASK
No.Orders Volume Price Range Price Range Volume Orders
8 252,500 0.06500-0.10000 0.11000-0.24500 102,000 5

The table displays a summary of the orders entered at the best five price levels for each of the buy and sell sides of the market for this security.

[panagos] 09/11/2018 12:32

Nobby easy with the TA, The Count will come after you!

(although I am sure he wouldn't mind the rise to 9.75p)

:-)

[nobbygnome] 09/11/2018 12:00

At this point I would like to refer you back to my post 3340 where I predicted a rise to 9.75p. The bowl is forming very nicely and I strongly suspect we will get there in the next week or so.

So plenty more upside in the short term IMHO.....

[nobbygnome] 09/11/2018 11:56

I bet the person who sold 100k at 5.65p yesterday is not too happy this morning; they missed out on a cool £1000. There are some idiots around.......but I shouldn't complain because they allowed me to buy 50k at 5.85p😂!