Galantas Gold Share Discussion Threads

[the count] 20/8/2019 10:32

--->PELGIS

'What advantage is a rising gold price going to be for the mining company?'

Are you totally stupid or something?

THE COUNT!

[panagos] 19/8/2019 12:31

Oh dear...

[pelgis] 19/8/2019 11:51

Question.....
So the smelters are making no money apparently, and Galantas are getting paid 95% of the previous months gold price for their ore concentrate.... What advantage is a rising gold price going to be for the mining company? Surely it's the smelter that's going to benefit from this only if his overheads are fixed? The drop in lead isn't really making any notable difference... Does this sound like a bad deal?

[pelgis] 18/8/2019 19:26

Some food for thought on Dalradian's new proposal, or 'Cavanacaw 2.0' as the locals are now calling it.
hxxps://www.cbc.ca/news/canada/new-brunswick/strike-brunswick-smelter-union-glencore-1.5145801?fbclid=IwAR3KAK7MY2oLgeVDWR0Nsjl4SR5UAIBZtyTOvfAQ7BBq_p1fKorH3cOTl5w

[bahamasoil] 13/8/2019 12:20

Half yearly results due in a fortnight. Gold price climbing, may be the turning point to see some share price action.

[augustusgloop] 08/8/2019 21:37

Given that the report was published over 5 years ago -- it must be regarded as being almost totally irrelevant.

[mineng] 08/8/2019 09:02

Projections and Capex :

[augustusgloop] 06/8/2019 14:41

Since they are not releasing any projections on when they will have sufficient production to be profitable - it is likely that this is more than 2 years away.

Thus, since it seems very unlikely that they have enough cash to cover all their outgoings for the next 2 years -- a couple of additional placings is more likely than not.

[panagos] 06/8/2019 14:29

eeer are we done with the placings yet?

[bageo] 05/8/2019 19:55

Too little detail with todays announcement -

recently identified optimisation initiatives at the Omagh gold mine, including

increased mechanisation and
improved underground infrastructure,

as well as for general working capital of the Company.

What is the proposed mechanisation (capex and opex impact & production rate impact)
what improved ug infra?

how much reserved for working capital?

[bageo] 01/8/2019 17:56

The Pogo presentaton is worth a read for a good overview of how costs vary in an underground mine specifically:
Development vs Stoping costs
new vs old equipment

hxxp://www.nsrltd.com/wp-content/uploads/2019/07/Pogo-Operational-Update-June-Quarter-30-07-2019.pdf

This reinforces the importance, per recent GAL announcements, about having more operational levels available.

[panagos] 01/8/2019 10:42

omagh mine

[nobbygnome] 01/8/2019 10:16

As I said the MMs are very twitchy, a 10k purchase moves the offer to 5.3p! About to take off IMHO....

[nobbygnome] 01/8/2019 09:05

Well the cheaper offer has now gone. I was just quoted 5.097 to buy 20000 shares....

[nobbygnome] 01/8/2019 09:02

Another £5k buy this morning and the bid edges up again. It really would not take much to get this going. The MMs are very twitchy....

[ramtuff] 31/7/2019 20:33

Do you have reason to believe they will sell anytime soon? Or anytime at all? GLTA

[panagos] 31/7/2019 09:23

GBP down 5% vs USD since Borris took office...cheers mate!!

[panagos] 31/7/2019 09:01

Dalradian was taken private WITHOUT A MINE IN PLACE @ CAD 537m i.e. at 25 times GAL's current valuation .

This is easily a 5 bagger at least.

Nuff said.

[nobbygnome] 31/7/2019 08:34

The price continues to edge up as a few buyers come out of the woodwork. There is definitely value here as production is ramped up and very good gold grades are confirmed. Plus the gold price continues to go up and the pound goes down. A perfect storm for GAL!

[augustusgloop] 24/7/2019 13:54

22 Jul '19 - 14:01 - 3742 of 3745

we have to admit that the investor community does not believe the GAL story.

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

There is no story.

How can they make an investment decision -- the information provided gives no clues on:

Costs,
Production,
timescales,
profits.

Anyone that is not an insider - is investing completely blind here.

[bageo] 22/7/2019 20:35

The trouble is the mood in canada seems to be in other areas. Once financials start to show this should help, don't think there is much more the company can do except deliver and give updates as they are.


Although the following RNS might help
above our operating gold mine we own significant freehold land on which weed(s) are growing.

Get the news wires to pick up the word weed and it would probably double for no good reason! Rehabilitating with native plants and on site peat probably wouldn't have the same impact on price!

[willib2] 22/7/2019 20:18

Pan, That old saying eyes bigger than the belly comes to mind --------- AGAIN.

[nobbygnome] 22/7/2019 13:24

I really don't understand why not. There is lots of gold in the ground and they are getting it out of the mine and producing concentrate at an increasing rate....