Galantas Gold Share Discussion Threads

[meanreverter] 14/4/2023 14:45

Google and Yahoo both reporting an 80% price rise, but with no corresponding trade or RNS announcement. Looks dubious.

[pelgis] 03/3/2023 12:48

hxxps://wearetyrone.com/news/future-of-omagh-mining-firm-in-doubt/

[bageo] 01/3/2023 21:27

A new raise isn't the story the new management told when they started .... would have liked some actual production figures before this

[loganair] 01/3/2023 21:26

Galantas also highlighted challenges in staff recruitment with the team now increasingly considering transitioning to contract mining.

Contract workers are far more expensive than having directly employed staff.

[loganair] 01/3/2023 21:09

A Placing of 5,555,555 shares at 22p per share and the same number of Warrants to purchase shares with in the next 60 months at 34p per share.

Galantas are taking a very big risk with these Warrants as this is what undid Pure Gold who needed the money from their Warrants and when the time came the exercise price was 50% below the share price at the time therefore the Warrants were not taken up and Pure Gold ran out of money.

I note that Galantas are going to use this CAD 2 million for further exploration rather than opening up a mine and actually getting the gold out of the ground to provide the company with an income stream.

[loganair] 01/3/2023 21:05

The biggest problem I see with the vast majority of junior exploration companies is they keep drilling more and more holes to improve their resource statements at their projects thereby using up all their money and needing more and more funding until nobody else will either buy new shares or lend them any more money leading to the company going bust.

Instead once a proven resource is found why don't they start getting the stuff actually out of the ground thereby bringing in an income stream to provide funds for further drilling?

[mineng] 20/2/2023 09:55

rambuttan

Initially I wasn't in favour as it dilutes attention from what I saw as the main prize. However, having spoken to the company and reviewed the public material, I can see why he was keen to add this. MS has re-stated that his main focus is getting Omagh up an running.

I was disappointed to see the lack of reaction to recent drilling.
The excellent drilling results at Omagh, coupled with a much improved understanding of the deposit, could lead to an improved upcoming resource statement. I don't think that 2m+ ounce target has been reached yet but with continued drilling who knows.

[rambutan2] 16/2/2023 17:23

Was wondering where the money was going to come from. Looking at the chart, the Scottish dalliance appears to have gone down like a bowl of old cold porridge:

February 13, 2023, TORONTO, CANADA - Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) ("Galantas" or the "Company") announces that it has entered into a loan agreement ("Loan Agreement") for GBP347,000 (approximately C$562,930) (the "Loan") with London-based family office Melquart Ltd. ("Melquart" or the "Lender"). The Loan is to be used for the initial lease payment for the Gairloch Project in Scotland (see Galantas' news release dated January 26, 2023).

The Loan is payable 24 months from the date of the Loan Agreement and will bear interest at an annual rate of 12% payable upon repayment of the Loan.

As consideration for providing the Loan, Melquart will receive upon closing of the Loan Agreement, 100,000 warrants of Galantas (the "Bonus Warrants"), subject to acceptance by the TSX Venture Exchange. Each Bonus Warrant will be exercisable into one common share of Galantas for a period of 24 months from the Closing at an exercise price equal to the closing price of the Company's common shares on the TSX Venture Exchange on February 10, 2023.

The above terms are subject to TSX Venture Exchange approval under the TSXV Policy 5.1 - Loans, Loan Bonuses, Finder's Fees and Commissions.

Mario Stifano, CEO of Galantas, commented: "I want to thank Melquart for their continued confidence in Galantas, and their willingness to support us in our mission to unlock further value for shareholders by expanding our exploration footprint to the high-potential, Gairloch gold-bearing volcanogenic massive sulphide district in Scotland, that has largely been underexplored."

[rambutan2] 31/1/2023 04:59

A few snippets:






Talk re general Scottish gold history! (at 33mins v brief mention)

[rambutan2] 31/1/2023 04:53

Tomorrow:

Galantas Gold will be hosting a live webcast on February 1, 2023, 11:00am Eastern Time ie 4pm UK, to discuss the Gairloch Project, a 217 km(2) mineral licence area in Scotland that covers the Gairloch Schist Belt.

Participants are invited to attend the presentation by Galantas Gold's consultant Gavin Berkenheger and to submit questions during the Q&A session.

Call-in details for the conference call are:

Canada and USA toll-free: 1-800-319-4610

International toll dial-in: 1-604-638-5340

Australia toll-free: 1-800-423-528

UK toll-free: 0808-101-2791

Callers should dial in 5 to 10 minutes prior to the scheduled start time and ask to join the call.

Participants can also access the Company's presentation by a live webcast of the conference call at the following link:



The webcast recording will be available on galantas.com shortly after the event.

[bageo] 27/1/2023 22:00

Production news is clearly most critical.

companys can be critised both for only having one main asset and the opposite so time will tell. No challege with time zones or anything between these projects so makes some sense.

[meanreverter] 27/1/2023 16:58

It worries me when a junior miner engaged in developing one project embarks on a new, separate, project. Cavancaw isn't near exhaustion. Galantas' management seems to be hedging its bets — perhaps because it lacks confidence in Cavancaw.

My chips are not all piled on GAL. But I prefer a single-asset company to focus on its asset.

[ashbox] 27/1/2023 10:47

Interesting RNS today and not really sure what to make of it. On the one hand, it is good to see the company looking to expansion in the future, on the other there are upfront costs of about $0.5 million plus a few hundred thousand new shares. That is before any idea of exploration costs etc. All this and there is still no solid news on the progress of actual production in NI.

[bahamasoil] 04/1/2023 14:16

This time last year we had
2022 Operational Guidance:

Production is expected to commence at the end of Q1 2022 with 9,000 ounces of gold in concentrate produced at an average head grade of 5.50 grams per tonne (g/t) at an all in sustaining cost (AISC) of US$1,150 per payable ounce for the year ending 2022. In 2023, production is expected to increase to 17,800 ounces at an average grade of 8.0 g/t and an AISC of US$1,350 per payable ounce.

We know there were delays but we might expect some encouraging news to coincide with the recent gold price hike to $1860.

[panagos] 22/11/2022 12:50

nice on both fronts then!

[pelgis] 20/11/2022 12:56

"Wait a few months for the first Galantas gold bar picture."

They've already produced their first bar.... keep up panagos...

and, no... i do not exist.

[panagos] 20/11/2022 11:43

do you still exist?!Wait a few months for the first Galantas gold bar picture.

[pelgis] 20/11/2022 09:46

Meanwhile in the real world.. the 'story' is quite different..

[nobbygnome] 08/11/2022 13:43

Another encouraging interview today

[doobydave] 26/10/2022 11:25

Thanks mineng. I'd not checked the Linked-In feed before, it's regularly updated and useful. Recommended to other BB followers,

[mineng] 19/10/2022 12:45

Nice video clip on galantas gold linkedin : removing ore from the fifth stope. Posted 2d ago.

[rawroast] 03/10/2022 18:52

"The Economic Ninja talks about how Gold Shines As Investors Worry About Banks Like Credit Suisse."