Share Name Share Symbol Market Type Share ISIN Share Description
Galantas Gold LSE:GAL London Ordinary Share CA36315W2022 COM SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 5.625p 5.25p 6.00p 5.625p 5.625p 5.625p 3,423 07:45:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.0 -0.6 - 9.29

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Date Time Title Posts
22/8/201717:02Galantas Gold - ISA eligible gold miner3,091
22/10/201309:37Galantas Gold PLC 21
10/1/201321:34Only worth 1/3 of a penny on fundamentals.....16
09/11/201011:00GALANTAS GOLD13,195
29/11/200811:49Galantas: Future Irish Gold producer / branding too!3,821

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Galantas Gold Daily Update: Galantas Gold is listed in the Mining sector of the London Stock Exchange with ticker GAL. The last closing price for Galantas Gold was 5.63p.
Galantas Gold has a 4 week average price of 5.63p and a 12 week average price of 5.50p.
The 1 year high share price is 10.25p while the 1 year low share price is currently 4.38p.
There are currently 165,171,865 shares in issue and the average daily traded volume is 33,126 shares. The market capitalisation of Galantas Gold is £9,290,917.41.
hazl: Gold seems to defy all the naysayers these days. If we have a bit of positivity in news here at Galantas then things would follow through to the share-price I'm sure. IMO
el_duderino_7885: No I wouldn't say it would be valued at zero. If the planning appeal is upheld the company would have to reapply for planning I would imagine. In that scenario I imagine the planning authorities would want it pushed through as quickly as possible due to their negligence if that was proven. It's the planning authorities being challenged not the company itself. It would mean more delays and a much lower share price undoubtedly.
el_duderino_7885: [...] I like the sound of this! Doing some quick sums if they did achievable 60,000 oz assuming costs as high as £500/oz - considerably more than expected and price of gold if £1000/oz that would be £30 million a year and a market cap well in excess of £100 million. That's if the gold price doesn't increase materially. The potential upside of this share price is incredible. This doesn't include the massive potential of the unexplored resources either. Bring on the planning decision!
el_duderino_7885: To me this says nothing new came out of the extended hearing that has worried the company so looking very positive. Not sure why it's taking the courts so long to make their decision but at least it isn't holding up things up at the moment apart from the share price. Had the courts acted quicker when they were supposed to last year the company could have raised money at a much higher share price. It's sickening really. 17 jobs already created and many more in the pipeline. The courts system is shambolic and shameful. I wonder if the company can sue the individual or local government for damages if this thing does go their way. Let's hope for an update relating to the near surface ore they plan to mine and ship end of next month! We need the cashflow.
bageo: Galantas Gold upgraded after recent progress in Northern Ireland 15:36 12 Aug 2016 With a 29.4p price target Whitmore Howard sees more than 200% upside to Galantas Gold's current share price. hxxp://
rambutan2: I spose the question is, how much of the £10m can be raised from debt, as the share price isn't in a good place to raise equity ie 50m shares (approx 50% dilution) at somewhere between 5 and 7.5p? only brings in £2.5-£3.5m.
foret: NEWS NEWS NEWS ! Galantas expects planning permit in Q1 By StockMarketWire | Fri, 9th January 2015 - 14:15 Galantas Gold Corporation says the planning permit for an underground mine on its open-pit property near Omagh, Co Tyrone, is approaching completion and is now expected during the first quarter. The company is informed that this is due to a potential environmental improvement in the location of a storage area which will be subject to further consultation procedures. Although the potential environmental improvement is thought relatively minor and comes forward very late in the determination process, the company is advised that this change in the proposal is necessary prior to a decision being made. The company is advised that no other changes are currently under consideration or required. The Company's expectations regarding timelines are not in its own control, as the planning process is being managed by the Department of the Environment (Northern Ireland) Planning. Short term funding for the project has been provided by an £100,000 addition to the existing secured loan facility from G&F Phelps Ltd (£1,214,268 - Sept 30, 2014). The loan carries interest at 2% above UK base rate, repayable on demand and secured by a mortgage debenture on the Company's assets. G&F Phelps Ltd is a company owned by Galantas Gold Corporation president and chief executive Roland Phelps, who is also a director of G&F Phelps Ltd. The increase in the secured loan facility is therefore considered to be a related party transaction for the purposes of AIM Rule 13. Accordingly, the directors, other than Phelps, confirm that, having consulted with Charles Stanley Securities, the company's nominated adviser, they consider the terms of the transaction to be fair and reasonable insofar as the company's shareholders are concerned. At 2:15pm: (LON:GAL) Galantas Gold Corporation share price was -0.13p at 3.25p
bamboo2: R&j, Re exit strategy, do you mean for Galantas, long term PI's or yourself? I have been here a long time and my first shares were about 14p. I have averaged down and am near to breakeven. I take my confidence going forward from Chris Browns' continued and increasing investment. Re, going underground, if the price of gold was to double, would you really be happy to see us walk away from the excellent grades below 55 metres? Compare the last years comparative performance of the Gal share price with the TSX market, it looks pretty good.
tinvan: From Penny Sleuth, today. "This is not just a hopeful project. Galantas is actually mining gold today, and making good money out of it. The mine has an interesting history. It was started in the 1980s by RTZ Corporation for tax purposes, after the closure of its Cornish tin mine left it as a UK company with no UK mine. A change in the tax laws prompted RTZ to sell. Jack Gunter, who was about to retire after 15 years with RTZ, saw the opportunity and stepped in to buy it. In the tense political climate of the time it had one particular merit. As an open pit mine it required no rock blasting – and that meant no explosives that could fall into the hands of the IRA. Gunter, now in this 70s, is the chairman today, while the mining engineer Roland Phelps has been chief executive since 1997. Today, this experienced veteran duo are running a profitable, if small, gold mine. But they believe that the Omagh mine could soon be producing a lot more gold. And as Irish investors turn from chasing gold shares overseas to the gold on their own doorstep, the share price has been ticking up. Let me explain why. 400,000 million ounces of gold could be exposed Having last week been granted additional mining licences, Galantas's licences now cover some 600km2. Estimates made by the independent consultant ACA Howe back in 2008 suggest that these contain some 400,000oz of gold in nine different zones. These are set out in the following table: (Click on the chart for a larger version) As you can see, about three quarters of this gold is in the least certain 'Inferred' category, while only 16,000oz is in the 'Measured' category. But the 2008 Howe report also said that these gold-bearing zones could be extended to hold a total of 1.33-2.46 million ounces of gold, while further exploration targets could add another 400,000. Now ACA Howe is back on the case. Before the end of May it is expected to provide a resource update, adding ounces to its 2008 estimate and moving some from the 'Inferred' to the 'Indicated', and the 'Indicated' to 'Measured' categories. A whole new level to for Galantas to exploit and reap the rewards This will be important information for the share price, but Howe has a second purpose. It will also comment on Galantas's plans to move from surface to underground mining. Galantas has already produced its own mining scoping study, and Howe will provide confirmation of its cost estimates, of its operating methods and of its tailings storage. It will also comment on Galantas's plans to expand its processing plant, which uses a 'froth flotation' method to produce a gold concentrate that is sold, under a life of mine off-take agreement, to Xstrata Corporation. Assuming that ACA Howe's report raises no obstacles, Galantas will apply to mine underground and, although this is more risky than surface mining and will no doubt require Galantas to raise some capital, it should take production to a new level. And that should be good for the business. Last year, Galantas produced 6,479oz of gold, with some silver and lead credits taking the 'gold equivalent' up to 7,307oz. Although it is yet to publish full year results, based on figures for the first nine months the mine is likely to have delivered a net income of close to £1m, while cash in the bank should exceed £3m. Galantas shares are traded on both the Toronto Stock Exchange and AIM, where the current share price of around 5p values the business at £11.5m. That looks pretty reasonable for a cash-rich business making £1m a year. But chief executive Phelps is eyeing something much more substantial. With underground mining he reckons the mine could produce 50,000oz of gold per year. That should bring it to the attention of a much larger group of investors. Clearly, much is riding upon ACA Howe's report in May. I will be watching it with great interest."
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