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 Shares Traded Last Trade
  0.00 0.0% 20.50 7,744 08:00:00
Bid Price Offer Price High Price Low Price Open Price
20.00 21.00 20.50 20.50 20.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.00 -2.07 -6.96 7
Last Trade Time Trade Type Trade Size Trade Price Currency
13:21:00 O 500 20.05 GBX

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Date Time Title Posts
23/9/202016:55Galantas Gold - ISA eligible gold miner4,134
24/4/201908:00Galantas Gold-
05/11/201807:50Galantas Gold (GAL) One to Watch -
11/7/201821:38GALANTAS GOLD13,197
11/7/201813:01Galantas Gold PLC 22

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Galantas Gold Daily Update: Galantas Gold Corporation is listed in the Mining sector of the London Stock Exchange with ticker GAL. The last closing price for Galantas Gold was 20.50p.
Galantas Gold Corporation has a 4 week average price of 20.30p and a 12 week average price of 17.50p.
The 1 year high share price is 42.50p while the 1 year low share price is currently 0.90p.
There are currently 32,321,472 shares in issue and the average daily traded volume is 17,636 shares. The market capitalisation of Galantas Gold Corporation is £6,625,901.76.
pelgis: So why did the consolidation happen then....? To protect the company from future plummeting share prices perhaps.... Reverse splits are often undertaken to increase a firm’s share price. One motivation is that stock exchanges have minimum share prices – if a stock price falls below the minimum price, the shares can be delisted. Delisting raises the cost of capital to a firm by making it harder to raise equity capital.
goggin: hxxps:// February 09 2020 07:00 AM Conroy Gold is in discussions with "at least half a dozen" global mining companies about a joint venture to develop a number of gold mines across Monaghan, Cavan and Armagh, the Sunday Independent has learned. Conroy - which believes it could be sitting on very significant gold deposits in the Border regions - saw its share price jump by close to 50pc last week, meaning it has risen 160pc since the start of the year. "This is a major find and that has been recognised in industry terms, and it is now being recognised on the stock market," said founder and chairman Professor Richard Conroy. The company is looking to put in place a joint venture to finance and develop at least three gold mines along a 60km gold trend that it has discovered in the Border region. Efforts to bring on board a major international mining player have "moved a long way", with visits from geologists and senior executives of six separate companies in recent months to Conroy's main Clontibret site. "The interest is there, we've had the visits, and the message is certainly out there in the industry and beginning to go out to the market that this could be something quite serious," said Conroy.
sirrux: In the absence of any corporate activity, a breakthrough with the police would clear the path a bit. Not sure what Melqart are up to but they've kind of anchored the share price with that convertible. They would probably need to be involved in any corporate deal to protect their interests.
goldminer2020: Guys I really wish you would all stop listening to Pelgis. There are more than 3 people working at the mine at the moment and there have never been fewer than 6 even back when the OP stopped and before the UG started. He is right the gates are open which is very disappointing but that’s been the same for at least the last 6 years so nothing new there. Pelgis is ........ no I won’t tell you as it’s a 50:50 shot although both of these guys are as bad as each other and have frequented the courts in recent years - which I have seen sitting only metres away. There are a huge number of variables that have brought the mine and share price to this position but the deposit is solid and this is possible to mine and make very good money. Dale Asian should have bought this 5 years ago and their ego has resulted in the disaster that the NI gold mining sector finds itself. Coupled with an executive that folded and doesn’t care and a police service that refuse to allow the company to pursue its legal activities it’s been tough on Roland and his team. Hold fast - someone somewhere will ultimately put up the money to mine this or buy this and it’s a steal - IMHO there is over 1moz hiding beneath Cavanacaw and Dalradian are proof of how good it could be 4moz resource and counting - only Galantas could mine it if the PSNI had not been soured by Dalraduan and Pelgis’s FOI on the cost of blasting. Stand strong - it will pay just will take a little longer than any of us expected.
pelgis: Laserbrain, perhaps that's Melquarts intention. The falling share price will only make it easier.
panagos: Totally agree Ashbox...its about Roland does something to get some credibility and share price action.500$ production is cheap!
ashbox: He states that no further placings will be required unless there are any 'black swan' events (about 13.10 into video) which is a bit disappointing when a £1 million private placement occurs a few months later when no such event seems apparent. I appreciate that often the opportunity to raise money for an AIM company is sensible, particularly if there is a surge in share price (which there wasn't in this instance), but why bother to make the statement in the first place to private investors when this is obviously not the intention?
bahamasoil: Half yearly results due in a fortnight. Gold price climbing, may be the turning point to see some share price action.
panagos: Did not believe I'd be able to get more shares below 5p after the last oversubscribed PP... Nice eye-opening post is copied here-below by TotalTrader over at the LSE GAL board titled "Patience is the key" : " Patience is the key here. Any expression of interest could take a few months to fully materialise into a worthwhile RNS, until then there may be nothing more to report on the issue. When it does happen the news will be held very close to the BOD and probably only released when an offer is received. But let's look at why there is an expression of interest: Kearney Vein November samples: Sample 1: Gold - 7.1g/t and Silver 10.6g/t. Sample 2: Gold - 10.4g/t and Silver 22.4g/t. First assisgment of 25T of concentrate shipped in November. Private placement completed in December to raise £4m in an over subscribed placing. Now I do not normally get excited over a placement and the subsequent dilution. Normally a placement in mining companies goes into salaries and R&D. In this instance we are already drilling and the money goes into additional equipment with the aim of increasing Gold output from 19,000Oz to 30,000 Oz per year. I have a detailed financial model for mining companies and at 19,000 Oz I predict an EPS of 0.90-1.30p and at 30,000 Oz and EPS of 1.25 to 1.60p. This should translate to a share price of 9p to 32p using the P/E's of 10min and 20 max. Let's also not forget that the aim is to move to 50,000 Oz per year and that moves the share price to potentially over 50p. Patience is the key. I have been in this share for over 5 years. BMN took 3 years of waiting, JLP and a few others still have some time to go. Of all the mining shares I see on aim - even including BMN - this is the share that I see with the maximum upgrade against the least downside. The CEO has done a great job to get it here - he doesn't boast about the company or issue crazy predictions on the likes of pro-active. He gets on with it and gets it done - RNS's or news only gets relaeased when it is something important. So as I said - patience is key. This will unravel in the next 12 months and the final picture will be a great result for those invested. Whether the share price goes up tomorrow or in a few months time is impossible to predict, but the long term trend is only in one direction. Hope my analysis helps. "
bahamasoil: My thoughts going forward into 2019 Orion paid top dollar for Dalradian when they were at least two years away from obtaining Planning Permission, with a process requiring cyanide that has its fare share of objectors. The acquisition, valued Dalradian at Cdn$537 million (roughly $407 million) — a 62% premium to the explorer’s share price at close on June 20, a day before it was announced. Much of that value was in cash. You have to ask why would they tie up non productive funds for such a long time knowing the problems Galantas have had in the past with planning. Particularly knowing the depth of feeling against the use of cyanide. One possible reason seems to be to bring the management team that retained their interests in the DALR assets onto the Orion stage. panagos, may well be correct in that Ross Beaty, already wealthy has about C$35m received from Orion for selling his Dalradian stake and is openly on a mission to build a large Gold mining entity. I think that will be achieved in part by dealing his interests in early stage miners, like DALR, GAL, CNR etc to produce a North American based Gold minor. Doubling his investment in DALR was agood start. Beaty may be the trigger here for the corporate interest and is sure to make additional gains from GAL. But if Orion want to fast track their DALR investment they need to consolidate the Galantas and Dalradian properties and expand the existing Galantas process and pursue their planning permission modified to remove the cyanide element on their Dalradian licence. Long standing (yes there are some of us) Galantas shareholders suffered a 1 for 5 consolidation in April 2014 and this would need to be reflected in any corporate activity. I have been looking at the RESOURCE ESTIMATE, PRELIMINARY ECONOMIC ASSESSMENT & DETAILED FEASIBILITY STUDY dated 26.07.14. It provides guidance for gold priced at £700/750/800 per ounce and it is currently at £950. I am looking north of 15p GLA
Galantas Gold share price data is direct from the London Stock Exchange
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