Galantas Gold Share Discussion Threads

[riskmanager1] 13/2/2019 17:18

Yes great CEO. I was part of the deal with ecuador gold and copper. This company was bought out by Lumina Gold (Ross Beaty).

Hold tight here. Same story is coming.

[panagos] 13/2/2019 16:56

Hi RMI actually met Mr Daun last November at the Zurich Precious metals conference and really liked the guy.Ross Beaty likes Osino too it seems.Not yet invested there still looking into that one.Yes agreed getting financing nowadays for gold juniors is very hard.

[riskmanager1] 13/2/2019 16:30

Augustlube you are so wrong. Look at every junior, it is hard to finance project by this day and it comes at lower price. Every financing latelay has been done at a price below the current price. Even Osisko mining, Equinox gold, geezzz you are such a dummy. Look at Osino Resources where the founder Mr Daun said it is hard to get money for project. Hope people will invest based on fact not in yo dummy statement from a guy who did not make a penny.

Milton is IN and correct me if im wrong but they manage billions right, so its calls Institutions. You can’t get every one inboard for every project. Galantas is doing just fine.

High grade, underground, permit, infrastructure.... for me it is just a matter of time before the re-rating.

Like i said show me your great investment portfolio because im pretty sure you are far from being a great investor and you actually give us an idea of your skill, lesving in the past.

Poor guy

RM

[bahamasoil] 13/2/2019 15:11

So far they have only mined 900m with a cross section of about 14m that gives about 12500 cu m of rock. Guessing about 18000 tons of rock.
I thought that this higher grade material needed to be mixed with existing low grade material to achieve the necessary grade for the flotation process. Some of the waste material arising from flotation would then be mixed with cement to spray on the mine walls.

I don't think waste is a big issue at this time.

I am no expert and I am sure (hope) others will correct me

[augustusgloop] 13/2/2019 14:57

The Mcap is £10.5m

If just one serious buyer believed what the bulls here are posting - the share price would be 3 times as large.

It doesn't take much to move the share price here.

On the last placing - did they not approach institutions and high net worth investors?

If so - why could they only achieve a 5p price?

Simple answer - the professional investors with money - don't believe that GAL is massively undervalued.

[doobydave] 13/2/2019 13:54

I'm with Nobby. A careful look at a contrarian view is always warranted so I'm prepared to give our new friend's points some time.

Riskmanager is correct that open pit mines always require a lot of waste stripping, UG mines less so. I've seen nothing to indicate off-site rock disposal via lorries is an operational bottleneck in the new schema.

Resourceful NIMBYs? Possibly - but resourceful to date has meant 'determined to take everything up the ladder as high as they can can'. This has been exhausted, short of using European courts. I shudder to think how expensive that would be in legal fees - and would be subject to Brexit being aborted.

Mine-side risks remain, and always will. That's a truism for every mine on the planet but Roland et al do have to prove profitability. Waiting will limit that risk but lose early gains, the timing of which is unpredictable - in my experience sudden price jumps follow positive news flow less than a third of the time. But, a matter of choice.

[riskmanager1] 13/2/2019 13:24

The problem with Augustloob , he is leaving in the past when the mine was an openpit which bring a lot of difficulties to get rid of the waste and got a court order to stop the mine. I looked at the FS in 2007 and more and i can see profitable year which is great.

Yes Ross is a billionaire, Founder of Milton as well and Roland invested his own money in this. It is not attractive because a lot of investor are looking for companies where less insider owns the shares. Interest in the company, Dalradian bought out for 430M$. Surely some positive for NI.

Stop trying to convince this LOOB is lesving the past and there is a reason is not even Millionaire, he’s stuck with his old idea... Galantas is in good track, map is showing great progess and Institutions are inboard. Maybe we will get an other financing but if it is take out by major like Milton i feel great with my investment.

All junior have their owns obstacles and it is part of the game. We have the permits and the mine ready to start. Ross invested here because it can generate free cash flow for a long period of time. Dont expect Galantas to operate this mine but a bigger fish. Matter of time

Let augustlub leave in the past and let him try to find better investment, if he can which i doubt.

August what is your investment right now and how many you owns? We all understand your point here so since you are not a shareholder i dont give a dime about for lessons because for me you are probably as broke as mi little pig at home. Show that you are a superstar in investment and i will follow you otherwise good luck

RM

[nobbygnome] 12/2/2019 19:16

They are about to start mining the rich veins so production should ramp up rapidly with little waste IMHO but we will see how long it takes them to get profitable....

[augustusgloop] 12/2/2019 18:45

Nobby,

there is agreement on the number of lorries - but do we know how much gold can be produced, with the limit on the amount of waste that can be shifted?

I believe the Directors here - Roland was one of very few that seemed to tell the truth. Hence - the progress on the mine is probably as stated.

I am not sure that they can get to a position of sustainable non-negligible profit before they run out of money - and so need another placing.

My memory of this when I was invested was that there were continuous problems - production never took off. Margins were tight and there were always extra costs. The UK is not the easiest place to have a gold mine.

I keep an eye on this - as my most likely next foray into gold mine investment.
But, I don't see a reason to believe that the share price is particularly attractive at this time.

I will probably have to pay more - if they can start producing profitably. But its then worth it - because regular profitability doesn't look certain in the near future.

There are reasons for optimism here -- but the case looked more promising 6 years ago. Don't write-off the NIMBY's yet -- they have proved to be resourceful in the past.

[nobbygnome] 12/2/2019 17:48

>> august

Care to comment on my points? I genuinely want to hear contrary views and will remain polite and civil as always...

[augustusgloop] 12/2/2019 13:46

panagos 12 Feb '19 - 13:39 - 3559 of 3559
0 0 0
augustusloop is just a numpty who sreally does not get the price VS value differential

-------------

Me and every institution that has analysed it and concluded not to buy at this price.

Mugpunters believe that it is 'under the radar' - the reality is that every acquisitive gold miner will have run the numbers - as will every major investor in gold mines - and every gold miner analyst - and every institution that invests in small companies.

That's a pretty big list of numpties -- but a mug punter like you obviously has better analytical skills than the rest of us. You must be a billionaire with your marvellous investing abilities.

[nobbygnome] 12/2/2019 13:13

Thanks but there is nothing of any substance in your post IMHO. With regard to waste there is an agreement about the number of lorry movements a day to move waste. I think the Nimby's options are exhausted and all signs are the underground mine is proceeding ahead of expectations.

I am a buyer.....although currently watching and waiting for signs of the bottom. I suspect the issue is that the recent placees can now (or very shortly) sell their stock if they want to as there was a 3 month lock in period from memory.

[augustusgloop] 12/2/2019 12:56

There are always problems in getting a mine up to full production.
Their production before the shutdown was not great - not enough to justify a much higher valuation than the present.

Digging the ore out was less of a problem than the removal of waste from the site - has this been adequately sorted for much larger volumes than were previously attained?

Have all the NIMBY's options been exhausted?
They shut the mine down for ages on one point.
Are there other issues (perhaps less effective) that they can still use to oppose?
They may not shut the mine - but may prevent a large ramp up in production.

Clearly, experts in the matter - believe that there are problems, or somebody would have built a big stake by now.
There is certainly gold - and at the right grades.
But other factors must be putting the experts off.

[nobbygnome] 12/2/2019 12:48

>> august

What are the obstacles? Genuine question. There is quite a lot of gold in the ground, the underground mine is developing well and concentrate has been sent to the smelter from the processing plant. So where are the obstacles....

[panagos] 12/2/2019 12:31

And that was...

[doobydave] 12/2/2019 11:15

Yes Redtrend, I'm sure you're right. It's just that the current valuation is so far wide of anything reasonable, factoring in the de-risking. If Q4 figures do impress, revaluation could be quite attention-grabbing and hopefully create momentum.

GAL is a terrific opportunity right now, IMO. Mustn't get carried away though. Not that there's much chance of that after so many years!

[redtrend] 12/2/2019 10:44

Surely the main catalyst will be actual revenue numbers from commercial production and guidance thereafter including AISC etc.?

It's getting closer, but the market needs that assurance in black and white, or else there will be concern of another dilutive private placing at a steep discount to the detriment of all other shareholders.

The next quarterly update for Q4 18 should provide detailed update and some further catalyst.

As long as there is no hiccups and gold maintains $1,300+, 2019 could be a very positive year for GAL and should reflect in the share price

[nobbygnome] 12/2/2019 09:27

I completely agree. I think share price appreciation here is inevitable; the only issue is when. It is difficult to know what the catalyst will be...

Of course just IMHO...

[doobydave] 11/2/2019 19:41

Galantas has been massively de-risked since the NIMBY appeal has been chucked and decent institutional support put in place alongside funding. I guess people still think its LSE ticker is FIDO and it's going to take a while to shrug off.

[bageo] 11/2/2019 18:32

A nice detailed update - how does this remain off the radar.

The schematic of the mine is really useful and helps understand progress and will be good for this in the future too.

[panagos] 11/2/2019 16:34

Dalradian mist have something. Orion wouldnt buy them for 200 something million if they hadnt

[the count] 11/2/2019 12:31

--->PANAGOS

Yes, it weakened the pound vs the dollar, and since gold is priced in dollars, it means we will get a lot more for our gold when we start selling concentrate.

Once the cash starts to roll in, this should start to re-rate.

No rush, as long as no early bid comes in.

Regards,

THE COUNT!