Galantas Gold Share Discussion Threads

[meanreverter] 16/3/2019 20:43

pelgis: The report you cite is as senseless as the computer that generated it.

[pelgis] 16/3/2019 12:21

Oh dear....
hxxps://thestockvoice.com/galantas-gold-corp-gal-v-shares-placed-under-scrutiny-after-a-26-32-quarterly-loss/

[panagos] 13/3/2019 13:23

Did not believe I'd be able to get more shares below 5p after the last oversubscribed PP...


Nice eye-opening post is copied here-below by TotalTrader over at the LSE GAL board titled "Patience is the key" :

"

Patience is the key here. Any expression of interest could take a few months to fully materialise into a worthwhile RNS, until then there may be nothing more to report on the issue. When it does happen the news will be held very close to the BOD and probably only released when an offer is received.

But let's look at why there is an expression of interest:

Kearney Vein November samples:
Sample 1: Gold - 7.1g/t and Silver 10.6g/t.
Sample 2: Gold - 10.4g/t and Silver 22.4g/t.

First assisgment of 25T of concentrate shipped in November.

Private placement completed in December to raise £4m in an over subscribed placing. Now I do not normally get excited over a placement and the subsequent dilution. Normally a placement in mining companies goes into salaries and R&D. In this instance we are already drilling and the money goes into additional equipment with the aim of increasing Gold output from 19,000Oz to 30,000 Oz per year.

I have a detailed financial model for mining companies and at 19,000 Oz I predict an EPS of 0.90-1.30p and at 30,000 Oz and EPS of 1.25 to 1.60p. This should translate to a share price of 9p to 32p using the P/E's of 10min and 20 max.

Let's also not forget that the aim is to move to 50,000 Oz per year and that moves the share price to potentially over 50p.

Patience is the key. I have been in this share for over 5 years. BMN took 3 years of waiting, JLP and a few others still have some time to go. Of all the mining shares I see on aim - even including BMN - this is the share that I see with the maximum upgrade against the least downside. The CEO has done a great job to get it here - he doesn't boast about the company or issue crazy predictions on the likes of pro-active. He gets on with it and gets it done - RNS's or news only gets relaeased when it is something important.

So as I said - patience is key. This will unravel in the next 12 months and the final picture will be a great result for those invested. Whether the share price goes up tomorrow or in a few months time is impossible to predict, but the long term trend is only in one direction.

Hope my analysis helps.

"

[riskmanager1] 07/3/2019 16:27

Here yes. stockhouse no.

Yangaroo, algold, osisko, osino, hexo(cannabis), short on tilray, short tesla and Netlflix.....

GLTA

[nobbygnome] 07/3/2019 16:22

Fair enough. I see the GAL thread is the only company your post on.

[riskmanager1] 07/3/2019 15:57

Hahah i own more share than you can imagine since 3 years.

Im actually at 0,89% of this company.

So my mouth is full of galantas

FM

[riskmanager1] 07/3/2019 15:57

Hahah i own more share than you can imagine since 3 years.

Im actually at 0,89% of this company.

So my mouth is full of galantas

FM

[panagos] 07/3/2019 15:41

nobby

do you really think RM would talk like this if he was not a holder?

[nobbygnome] 07/3/2019 15:34

PS I own more than 0.5% of the company...

[nobbygnome] 07/3/2019 15:33

>> rm

So have you bought or are you going to buy a big chunk to put your money where your mouth is?

[nobbygnome] 07/3/2019 15:29

I would settle for a five bagger 😜.....

[riskmanager1] 07/3/2019 15:27

No worry here at all. 70% of thi company is in strong hand and they all know the value. If they can achieve commercial production and start increasing the size of the mine... easy 5 bagger here...

And permit are in place to double the size of production if necessary.

RM

[augustusgloop] 07/3/2019 15:24

riskmanager,

I didn't say that I was willing to invest at 5p.

I said that it was probably worth a punt at 5p.

But I would like some real information -- so I am waiting to see what's in the next quarterly update. The last several have been full of historical waffle - no use at all for making forward predictions.

[nobbygnome] 07/3/2019 15:21

>> risk manager

The worry is that at these lowly levels the company will be taken over for a song! I am sure Roland will try not to let it go cheaply...but he only has so much influence. I know TC wouldn't be happy with anything less than 20p or more....

[panagos] 07/3/2019 15:20

Thanks, will check out Gianni's video......last time I saw him talk he was an uber bull on copper! But I prefer gold... if I find a high grade gold / copper mine to invest in that's also good.

[riskmanager1] 07/3/2019 15:07

Yes indeed.

Trust me there is interest for NI. Junior are just beaten-down right now.

Skin in the game is important. Galantas has Roland well invested, institutions Milton in and the best investor with RB.

Check out the video Kitco with Gianni Kovacevic... like he said stick with RB this guy is a genius.... all the companies that he start or invest are eventually sold. Savary was the last one.... Galantas will be too.

RM

[panagos] 07/3/2019 14:59

thanks. Heard that CEO of Dalradian was also there (at PDAC), I will try to talk to him next month at Zurich gold forum (dalradian is also presenting there)

[riskmanager1] 07/3/2019 14:31

In private if you want.

Lets say Galantas can produce gold at low price and get a lot of cash free from the operation. That’s why RB is in and still support that cie.

A bigger fish will buy Galantas as soon as they can start the commercial production which is expected very soon.

Mid-producers are desperately looking for high grade mine....

Enough said. Let the basher do their job now haha

Funny sometimes that people are here bashing like Augustloob but they dont even go in a event like PDAC to meet with the investor. Thats how i make and made money in the mining sector.

BTW Augustloob said he was willing to invest at 5p haha

[panagos] 07/3/2019 12:19

RM

I guess Ross Beaty attended the PDAC.

Did you have a chance to get to talk to him about GAL?

[riskmanager1] 07/3/2019 11:28

Pelgis is very frustrating....

First, Dalradian will be the second mine in Ireland

Second, Galantas is underground which make sense about the not much movement

SAw the Ireland minister a the PDAC, they want to attract a lot of mining companies. They know it will be a game changer for NI and they have the full support of the governememt... even the high court said Yes

People needs to work with the mining cie, not against them because they will not win. Not too much VOTE to lose for the government in those area hehe

[mineng] 06/3/2019 18:38

pelgis

Saw your 2019 aerial photo on flickr.

Interesting to see the difference between that and your 2018 series, especially in terms of pit backfill. Site is greening up nicely. Is that a scoop being re-fuelled?

Excellent photo collection.

Pity about the agenda. A reaction to Dalradian's activities?

[panagos] 06/3/2019 15:45

What about BELOW ground then...

[panagos] 06/3/2019 15:44

Took the PP monies and run eh?