Galantas Gold Share Discussion Threads

[newtothisgame3] 20/4/2019 15:41

VIDEO #GAL #Galantas #Gold #Corporation

[panagos] 18/4/2019 09:08

as per today's announcement production should increase towards the Summer months.

[panagos] 04/4/2019 16:35

Roll-overs no effect on the buy/sell ratio.

[mineng] 04/4/2019 15:56

Odd trades today. Any explanations?

[gb904150] 26/3/2019 17:29

For those wanting some bedtime reading the Galantas Technical Report, July 2014 looks to be the one here:



with some simpler workings here:

[augustusgloop] 26/3/2019 17:26

Does that deserve a well done?

Weren't most people expecting them to achieve this in LESS than 2 years from now?

[bahamasoil] 26/3/2019 16:49

Well done Roland and team.

It is very encouraging to see the projected figures for production in the not too distant future.

Target production is 2,000 to 2,500 troy ounces of gold in concentrate per month, planned to be achieved in 2020 /2021. This is in line with the production rates outlined in the Galantas Technical Report, July 2014.

[doobydave] 26/3/2019 13:31

Incidentally, it would be a minor miracle if a brand new mine (which the UG section effectively is) produced a company profit in year 1. Becoming cash flow positive on an operating basis is usually a staging post on the road to full profitability.

Even allowing for this, a market cap of £14m seems cheap. Two hedge funds have bought a high percentage (if not large capital outlays), so they believe in it. A larger outfit could buy into a working mine with a viable expansion plan and pick up all its infrastructure, equipment and trained workforce for this price?

Before someone says it: IMO the main thing that has saved Galantas from this fate hitherto is its small size - far too small to interest most miners - and of course the persistent NIMBYs (hopefully resolved now). So no, I don't see an imminent M&A bid.



Chart would indicate something of a bottom. We'll see.

[doobydave] 26/3/2019 12:40

Just wanted to point out Friday's investor forum as publicised at the bottom of today's RNS. If anyone can be bothered to go to London and spend £12 for a ticket they can ask Roland Augustus' questions in person and settle the matter. And preferably report back to this BB afterward (pretty please).

To make it easy, here's the URL to book a ticket:

Any offers?

[nobbygnome] 26/3/2019 12:34

>> augustusgloop

FFS give some credit where credit is due. The company is doing all the right things and will soon be sending off loads of gold and silver concentrate to the smelter in Canada. Your bashing for bashing's sake is very tiresome....

[augustusgloop] 26/3/2019 12:12

I am pointing out - what you call generating cash from operations and what Roland calls generating cash from operations - may be two very different things.

Does he include tax?
Office running costs?
Administration salaries?
Listing costs?
Exploration?
Dealing with legal issues?
Director's salaries?
Loan repayments?

Some companies include these in determining cash generated from operations - some just include the costs directly related to production.

[riskmanager1] 26/3/2019 11:48

Hahah still it is cash flow positive.

and funded by part of profits generated from production.


So MR loop ,who is still following Galantas in a daily basis even if he doesn’t have any skin in it...

If they used profits, cash, to expended the resources means the operations generated some cash right? Haha

RM

[riskmanager1] 26/3/2019 10:15

Good Job Roland. Everything comes in line. Buikt the underground mine, bring cash flow in and then increase the resources to 2-3M oz.

Positive cash flow by year end. Lets the basher try to twist his word now haha

RM

[nobbygnome] 26/3/2019 08:20

Some people are glass half full.. and some half empty....

[augustusgloop] 26/3/2019 08:03

Operations being cash positive is not the same as the company is generating cash.

Depending on what the Company chooses to call operational costs, these two cash generation figures can be very different.

[nobbygnome] 26/3/2019 07:43

So advfn is wrong and the market cap is actually 13.79. I was going to say at double the price it is still cheap so my view hasn't changed.

Thanks for pointing that out but the rest of your post is mealy mouthed to say the least...

[redtrend] 26/3/2019 07:38

The market cap is £14m

This RNS on the whole is positive and breaks the silence that was causing GAL to creep downwards, as it was unknown if further funding was required.

This now appears to be answered, although no guidance given on 2019 production numbers, so it's unclear what production numbers form the basis of the statement "Current expectations are that the private placing in December 2018 provided sufficient financial resources to bring operations to a monthly cash positive position before the end of 2019".

[gerryjames] 26/3/2019 07:28

Yes. It maybe is "exciting times" for Galantas.

[nobbygnome] 26/3/2019 07:19

Some impressive future production figures in the RNS today. Plus no more money required to get to break even. A market cap of 8 million is completely ridiculous....

[riskmanager1] 17/3/2019 14:32

Haha pathetic Pelgis...

Heard Dalradian is in process of getting their permit... ouch you should feel desperate by your failure hahha

Two underground mine in Omagh, yes it is happening.

RM