Galantas Gold Share Discussion Threads

[nobbygnome] 18/5/2021 14:07

We have break out......as long as it holds clearly above 30p!

[yus777] 18/5/2021 13:53

40p short term written all over it

[lurker5] 18/5/2021 11:46

No up-to-date research on Galantas. Only an old PFS based on £800/ oz gold price. But calculations by Master Investor a few weeks ago arrived at updated cash flows from year 1 to year 6 of £3.4m, £16.1m, £22.5m, £21.4m, £22.8m, and £11.5m.

On the approximately 100m shares in issue assuming all warrants and options are exercised, cash flow per share will be 3.4p, 16.1p, 22.5p, 21.4p, 22.8p, and 11.5p.

The PEA is being updated as will be costs (probably quite a bit higher) but those figres are probably in the right ball park and will be published one day. Sprott et al are bound to have seen them or made their own calculations, and will know the scope for exploration to extend the life and maybe expand the production. What can go wrong ?

[nobbygnome] 18/5/2021 10:59

Why do MMs refuse to make a market?!? The clue is in the name....

[the count] 18/5/2021 10:55

--->NOBBYGNOME

I tried to pick up 15k with a verbal order with my broker.

He said it would cost me 32.15p for 10,500 shares. I refused as I have loads anyway.

Let's sit back and see where we settle for now.

But this highly derisks the company, even though they have funded it on the cheap. I am quite miffed that we were not allowed to participate, but we have some big boys invested in here now so that should bode well.

Regards,

THE COUNT!

[nobbygnome] 18/5/2021 10:31

I can only get a quote to buy 500 shares online. Sadly A J Bell don't let me do a limit order on GAL so unfortunately I can't buy any. I was looking to buy 10k.....

[the count] 18/5/2021 10:14

--->ROBHAMMERS

What do you base your analysis on exactly?

Regards,

THE COUNT!

[panagos] 18/5/2021 09:19

Feels like today may be the day Nobby.

ES and MG are quite heavy-weight with a following.

I am sure that when TSX opens there will be some decent buying over there.

[nobbygnome] 18/5/2021 09:08

The chart does indeed look very encouraging. The price needs to get and hold above 30p but if that happens, a rerate looks very likely.

[robhammers] 18/5/2021 09:05

75 million shares. Looks fully valued

[panagos] 18/5/2021 08:38

I follow both of them very closely, they don't come any shrewder and successful than them, especially uncle Eric.

And let's not forget the "broken slot machine" Ross Beaty still holds all his shares.

Is it a real dawn eventually?


Thank you Mr. Phelps for choosing this crowd for our little troubled company that at last looks to having a bright future..

[mineng] 18/5/2021 07:31

Good to see Canadian big hitters in this placement. Eric Sprott. Michael Gentile.

[doobydave] 17/5/2021 23:24

A little context:



Every chance that panagos is right, imho.

[panagos] 17/5/2021 15:46

i can see gap up to 37p being filled this/next week.Gold price in US$ crossed the 200dma to the upside today.

[the count] 17/5/2021 13:54

--->NOBBYGNOME


I seem to have missed the earlier action. I am not an avid screen watcher.

Not really interested in trading these as I believe they now have a long way to go once the money is in place to start extracting the gold stuff from the ground.

But nevertheless, I think the buying may have been as a result of the POG having one of its biggest weekly moves in a few months last week. If it has flushed out a few stale bulls to sell some stock as a result, then so be it. More fool they.

Regards,

THE COUNT!

[nobbygnome] 17/5/2021 13:42

And the answer is sadly no....

[nobbygnome] 17/5/2021 13:36

A flurry of buys and the price is now at a recent high. Will it hold....

[yasx] 13/5/2021 14:15

Given general weakness recently in the wider market, this is holding up very well indeed. Continued strength is likely from here given recent developments which put the Co. in a different position to what it was previously - of course, it has led to price appreciation, but notwithstanding that, not yet adequately re-rated.

I hold.

[nobbygnome] 13/5/2021 13:21

A plethora of small buys continue. They are small probably because it is impossible to buy any size at a decent price!

[the count] 12/5/2021 14:18

--->ALL

All goes to show how criminally undervalued the market made the stock in the first place, despite the valuable real asset in the ground.

That in turn made the placing an absolute steal for the opportunists out there with money to invest. That too is absolutely criminal, but the company can't be blamed directly for the way the market valued the company. In the end, it was just a fight for survival, and the vultures will now walk away with the cream.

But a long way to go no matter what gyrations we get in the short term.

Regards,

THE COUNT!

[panagos] 12/5/2021 14:14

feels strange of GAL giving some of my money back... I almost feel guilty :)

[panagos] 12/5/2021 14:12

any trade @30.5 will flash on 52 week high trading monitors..

[nobbygnome] 12/5/2021 14:06

Only 1k offered at 31p now. Why don't they move the price up.....