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GAL Galantas Gold Corporation

10.25
0.75 (7.89%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Galantas Gold Corporation LSE:GAL London Ordinary Share CA36315W3012 COM SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.75 7.89% 10.25 9.50 11.00 10.25 9.50 9.50 5,664 15:03:32
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 0 -16.63M -0.1448 -1.24 20.67M
Galantas Gold Corporation is listed in the Gold Ores sector of the London Stock Exchange with ticker GAL. The last closing price for Galantas Gold was 9.50p. Over the last year, Galantas Gold shares have traded in a share price range of 8.00p to 26.00p.

Galantas Gold currently has 114,841,403 shares in issue. The market capitalisation of Galantas Gold is £20.67 million. Galantas Gold has a price to earnings ratio (PE ratio) of -1.24.

Galantas Gold Share Discussion Threads

Showing 20851 to 20873 of 21550 messages
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DateSubjectAuthorDiscuss
17/9/2019
12:07
During the second quarter, Galantas announced that its operating subsidiary, Flintridge Resources Ltd. had signed a concentrate pre-payment agreement and a loan facility agreement for US$1.6 mln with Ocean Partners UK Ltd., together with an increased, on-demand loan facility of £600,000 with G&F Phelps Ltd.

Is 'G&F Phelps' Roland's Company? Or is this just a coincidence?

[...]

pelgis
04/9/2019
12:48
Miton is 26% up....maybe market understood that they are invested in the most undervalued stock in the LSE......lol
panagos
02/9/2019
12:23
2 trades totalling 6.4m shares @ 4.05
panagos
28/8/2019
12:00
We need some good news here or Brexit out of the way. Gold price has increased the economics of this mine in a huge way. Market cap is puzzling.
swissbullion
26/8/2019
13:09
OSINO just announced a good discovery, been looking at it waiting for an entry point that never came.
panagos
26/8/2019
12:43
Agree Bageo. I'm also a shareholder at Osino. When Beaty takes 19.99% of a junior, the public should take notice.
swissbullion
25/8/2019
20:08
pangos - You could well be right.

I think Osino Resources, which I hadn't looked at recently, being the biggest shareholder is a significant difference than I can see happening at GAL.

bageo
23/8/2019
19:28
Orion bought a lemon and they want to offload to the public quietly, and as soon as possible.
pelgis
23/8/2019
14:32
Good analysis SB, thanks makes also sense.

Let's hope GAL becomes a 3 bagger first and I will be super glad.

Heard that Orion will take Dalradian public again when the time is right for them.

panagos
23/8/2019
13:59
I think it has to do with Dalradian that he's no longer participating and also equinox. He was a shareholder over there along with a few other billionaires. I found it very weird that they recieved like 95% of the votes for the takeover from Orion considering it was the best gold project in the world being developed. Blackrock was formerly the largest shareholder and probably arranged the buyout bc it became risky and needed it off its own balance sheet, so sent it off to a related company. When Orion's advisors approach each of those billionaires to vote in favour of the Dalradian buyout, they all agree. The price was not great. They all had high hopes for that company. There's likely more gold then they have proven up. It goes to show how powerful Orion is.
Ross Beaty had more money in Dalradian ($10+ million CDN) than GAL and probably was hoping for a large consolidated district play. This still could be a 10 bagger, but the meat of the profits in NI play probably was going to be in Dalradian for him. I think it's about votes now for him. When Dalradian makes an offer for GAL, I'd bet he is sort of obligated to vote in favour with the powers at be (whatever the price).
Melquart & Miton: the problem with all these funds is you arent able to trace who's money it really is behind the scenes

swissbullion
22/8/2019
14:01
bageo,

A few weeks ago Ross Beaty has participated in the PP of Osino Resources in Namibia which he does not manage and is the largest shareholder. He sure likes Heye Daun of Osino not sure what he thinks about Roland.

I think:

a. he is either not invited to GAL pp if he was the interested party last year who wanted to buy GAL on the cheap

b. He is not interested in GAL anymore. But why isn't he selling his GAL shares?

c. Pre-occupied with EQX 5 to 1 consolidation that happened a couple of days ago.

imo

panagos
22/8/2019
13:53
Ross Beaty is concentrating on Equinox and not investments he doesn't manage. This has been in a number of recent interviews - so no surprise.

He emphasises he backs good management in investments.

bageo
22/8/2019
12:52
So Ross Beaty has not participated.
panagos
22/8/2019
11:13
I hear you Gerry James. Even I am fed up too, I just bought a few more .. 20k. It is just too cheap.... eeerm considering there is ANY gold! lol
panagos
22/8/2019
06:54
Lol...panagos. As good an idea as any. On AIM...probably. Was going to average down yesterday. Still can. I haven't been shafted in the past mind. But understand the negative sentiment. Hopefully that will change. Just need easy and abundant gold. The miners lured away from the Belfast Salt Mine, job for life, are top quality...it could work.
gerryjames
21/8/2019
12:09
maybe the market is just fed up of Roland keep diluting existing shareholders without delivering capital gains for a decade.

Anyways I keep buying Mcap is now 12m ish quid ( I think excluding new shares)

panagos
21/8/2019
12:01
an honest report then?
pelgis
21/8/2019
06:51
Todays quarterly announcement, as a backwards looking report, doesn't contain any obvious new information of development or production.
bageo
21/8/2019
06:46
Looking at previous published studies DAL weren't giving up much NPV from not using cyanide. Hence my surprise they choose that route. Total production yes but not value.

The management/major shareholders of DAL aren't based at the mine.

bageo
21/8/2019
06:32
That might explain the cross-site vehicular traffic between Dalradian and Galantas that has been observed.
pelgis
21/8/2019
06:22
Good analysis.

However, I am not sure how the market is not believing Roland can do it. The underground mine is being developed rapidly and concentrate is being produced in the mill. It is just a question of building up the level of production which is happening now.

I agree a takeover is inevitable and of course we just all hope it isn't at a ridiculously low level because of the mad current valuation!

nobbygnome
20/8/2019
16:27
pelgis, perhaps you'd acquaint us with your reasoning. Are there a couple of typos in there, because what you actually typed just raised a complete chatroom-full of eyebrows.
doobydave
20/8/2019
12:09
Only at the full moon for The Count😜....
nobbygnome
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