Galantas Gold Share Discussion Threads

[panagos] 19/1/2022 19:08

man, do these guys sound bullish!

[bahamasoil] 19/1/2022 15:44

It would be sensible for Mario and Galantas to provide notification of these promotional videos

[bageo] 10/1/2022 19:14

Good to have the forecast released and timelines. Margins still look good although costs (and gold price) higher than previous notional studies.

[the count] 07/1/2022 15:15

--->ALL

Currently, the L2 touch price is 34 - 35p.

But you can trade electronically for 10k shares at least, at a spread
of 34.55 - 34.58p.

That is probably the tightest spread I have seen on the stock.

Not sure how long it will hold for though.

TC!

[the count] 07/1/2022 12:54

--->MINENG

Thanks.

Can now buy 10k electronically on UK market for 33.7p and can sell same for 31.67p.

A bit more of a 'reasonable' spread (still a killer spread), but I bet that won't last long.

TC!

[mineng] 07/1/2022 12:29

TC
There is 15,000 on the offer at 62c (UK 36p) on TSXV.
On the Bid there is 2500 at 60c (34.8p)

Bahamas
Thanks for the link to Mike Gentile's comments.

[the count] 07/1/2022 11:11

--->ALL

I just enquired about buying 10k more shares.

My broker told me there is no stock at current prices. I would have to pay 37.57p for 10k shares.

I could however, sell 15k @ 32.8p.

I declined on both counts (if you'll all pardon the pun. LOL.)

TC!

[officerdigby] 07/1/2022 10:16

Certainly. A lot of pressure/ interest/hype from over the pond...

[bahamasoil] 07/1/2022 09:46

This link on another site might be attracting attention.

[the count] 07/1/2022 09:43

--->ALL

Well, people seem to be buying now.

I wonder whatever happened to that fear of further funding discussed earlier.

The fact is that this is a tiny MM stock, and with the MMs not prepared to play with any real liquidity thus killing dealing of any reasonable size until the pressure gets too great.

I suspect this 'pressure' is now building up because they are about to start producing in Q1 (now) as well as dealings in the north American markets.

I am good, but I just managed to pick up just over £800 of stock @ 27p yesterday for my son's ISA. I told him I thought it was now time to buy and we got his stock in the nick of time as it exploded just after that. But had to buy his stock in 2 tranches and pay 2 commissions... on just over £800 of stock, that was laughable.

For much of the last few months, to deal in sizes of 10k, the REAL MM spread, not the touch shown to the markets was sometimes as great as 20%. That is the real reason it was so difficult to trade.

TC!

[bahamasoil] 07/1/2022 08:53

A good start to what I hope is a prosperous new year for all.

[officerdigby] 24/12/2021 09:14

Bit of a booster in Canada and USA last night.

[buywell3] 19/12/2021 22:07

GOLD will suffer as rates rise in the USA

3 rises in 2022

3 rises in 2023

Hence gold miners will have a hard time of it as margins erode as the $ strengthens

It is called a MACRO

buywells tip for the next 2 weeks --- stay home and get your groceries delivered to your UVC disinfection depository outside for a 5 min Zap

[lurker5] 19/12/2021 21:27

Tell me then Mr Count. Why aren't people buying ? And what do you mean by my 'evidence' that GAL won't start producing when they said they would. Its in the MD&A Sir ! I'm not contradictng them. Look it up ! (And you might like to know that I've been writing about this co and the rest of the Celtic goldies for more than ten years. And I've forecast what GAL's revised PEA will look like. But you can't look it up becase you're not a client. So sorry.)

[lurker5] 17/12/2021 11:49

It didn't occur to you of course Mr Count, that whether or not you believe (on the basis of your "long experience") that whatever has been said in the MD&A might - just - be deterring the cautious from buying at the moment, nor the many who don't listen to podcasts but rely on what their broker might be telling them. Those brokers - of course - won't have the benefit of your "long experience". And you might be interested to know that I bought at lower than he present share price and plan to add - when MY experience tells me to. Its not he first time I've experienced your uppity language ! So grow up.

[lurker5] 14/12/2021 14:28

I listen to them Mr Count - and judge that a CEO planning (or at risk) of having to come to the market won't say so in a podcast to retail investors. Do think, please !

[lurker5] 14/12/2021 11:19

Don't tell me my business Mr Count. Have you never heard of Management Discussions and Analysis required to be filed for Canadian companies on Sedar ? Here is the latest (to save you the trouble of being more careful with your remarks)

"Due to the uncertainty around when actual mining may commence in 2022, Galantas may need to access Capital Markets in early 2022 to provide the necessary level of finance to continue development until stoping has commenced"

If that holds back the shares, your warrants might not be exercised.

[the count] 14/12/2021 11:09

--->LURKER5

Is this your first post on this thread?

So please enlighte us how there is a fund raise coming when the CEO has already stated his intention on moving this company forward on no more shareholder dilutions, and expects drilling operations to be funded by income from mining.

You must know something we all don't. And I presume you don't even know about the warrants, which if/when exercised will more than raise enough funds for your "small, hopefully, fund raise".

TC!

[lurker5] 14/12/2021 09:17

Fund raise (small, hopefully) coming acc to MD&A. Its that holding back the shares. After which they will fly.

[the count] 14/12/2021 08:36

--->ALL

And they will soon start underground mining, so will finance further drilling from income generated as Stifano has already stated.

Just a matter of time. They could eventually prove up a few million ounces.

This really is a gold mine.... ooops, of course it is. :-)

TC!

[nobbygnome] 14/12/2021 07:30

More good high grade resources...

[panagos] 14/12/2021 06:45

Galantas Gold Drills 10.1 g/t Gold and 93.5 g/t Silver Over 6.5 Metres at the Omagh Project
December 13, 2021
December 13, 2021, TORONTO, CANADA – Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) (“GalantasR21; or the “Company”;) is pleased to announce results from its ongoing 4,000-metre drilling program at the Omagh Project in Northern Ireland.

Drilling highlights:

Hole FR-DD-21-171 intersected 10.1 grams per tonne (g/t) gold (Au), 93.5 g/t silver (Ag) and 3.4% lead (Pb) over 6.5 metres (see Table 1 for details). This hole, drilled from surface, successfully targeted a potential ‘dilation zone’ within the Joshua Vein and is located approximately 120 metres from hole OM-DD-15-155 drilled in 2015 which intersected 9.9 g/t Au over 21.6 metres (estimated true width of 13 metres) (see Figure 1).
Hole FR-DD-21-UG-172 drilled from the underground at the Kearney Vein intersected two zones of mineralization including 10.4 g/t Au, 50.5 g/t Ag and 2.4% Pb over 2.8 metres (see Figure 2).
Mario Stifano, CEO of Galantas, commented: “We are very pleased with the continued success of our exploration program which continues to demonstrate high-grade mineralization at Omagh, particularly high-grade gold in wider dilation zones at both Kearney and Joshua veins. We look forward to providing further updates on drill results and our mine production plan in the near future as we advance this unique opportunity to significantly grow high-grade resources at Joshua and Kearney, which remain open on strike and to depth, while also producing gold.”

Dilation zones which have potential for higher widths of mineralization have previously been identified within the Kearney underground development and are believed to be linked on shallow north-dipping planes (see press release on May 6, 2020). Figure 1 illustrates the location of hole FR-DD-21-171 on a potential dilation trend within the Joshua Vein, relative to other key intersections, including hole OM-DD15-155 drilled in 2015, which returned 9.9 g/t Au over 21.6 metres (estimated true width of 13 metres).

The dilation zones identified at the Joshua Vein, located approximately 400 metres from the main Kearney Vein, are expected to be incorporated into mine planning and future mine development, including potential plans to drill Joshua from underground to advance mining and resource expansion. The underground development in Kearney is 370 metres from the Joshua Vein, of which 152 metres have already been advanced in the cross cut, with 218 metres of development remaining to reach the Joshua Vein.

Table 1: Summary of drill results.

Hole ID Azimuth/ Dip (degrees) Intersect (m) (downhole) Est. true width (m) Intersect vertical depth (m) Gold (g/t) Silver (g/t) Lead (%) Core loss (%)
FR-DD-21-UG-172 287.7/66.1 1.6 0.5 117 4.1 17.9 0.9 1.9
and 287.7/66.1 2.8 1.0 121 10.4 50.5 2.4 8
FR-DD-21-171 258.6/47.4 0.5 0.3 35 4 10.3 0.6 0
and 258.7/48.4 6.5 4.3 73 10.1 93.5 3.4 12
FR-DD-21-169 No significant mineralization
FR-DD-21-167 No significant mineralization
FR-DD-21-166 277.3/48.6 0.9 0.6 88 5.3 35.5 0 0
FR-DD-21-165 260.5/72 1.1 0.3 104 2.4 6.2 0 0
and 260.5/72 0.9 0.3 107 1.4 13.2 0 0