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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 Shares Traded Last Trade
  +0.00p +0.00% 6.125p 0 08:00:00
Bid Price Offer Price High Price Low Price Open Price
5.75p 6.50p 6.125p 6.125p 6.125p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.02 -1.22 -0.59 11.5

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Date Time Title Posts
20/1/201920:16Galantas Gold - ISA eligible gold miner3,528
05/11/201807:50Galantas Gold (GAL) One to Watch -
11/7/201820:38GALANTAS GOLD13,197
11/7/201812:01Galantas Gold PLC 22
11/7/201812:01Galantas: Future Irish Gold producer / branding too!3,823

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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 6.13p.
Galantas Gold has a 4 week average price of 6p and a 12 week average price of 4.50p.
The 1 year high share price is 8.50p while the 1 year low share price is currently 4.50p.
There are currently 187,549,186 shares in issue and the average daily traded volume is 18,331 shares. The market capitalisation of Galantas Gold is £11,487,387.64.
doobydave: Worth making the point that a lot depends upon getting this placement away. Otherwise GAL will end up approaching banks for a large loan in an environment of rising interest rates. If so, company debt will anchor the share price for till kingdom come. Presumably this is what Róisín Magee was brought on board for (see RNS 15 Oct) - she will hope to tap her contacts. If all goes well and Ross Beaty can be kept fully onside, we've got a decent chance of securing a good future that hopefully entails a rerating. Fingers crossed.
doobydave: Hmmm... just got in to see the good news. I can't see the share price rising much until the placing is done and confirmed as fully bought. Wouldn't it be nice if it were over-subscribed! Meantime, 5p should be a floor, but it'll also be an anchor for a while IMO. With corporate interest lurking, we could be due a very interesting couple of months.
panagos: share price seems to disagree mate/
panagos: lol...funny clip but a share price of 15p next week will be real fun!
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
panagos: GAL price never goes
mineng: Panagos I thought the last para of the summary to the broker's report interesting in that it refers to the effects of dilution:- "New Price target: The Dalradian takeover and uplift in our gold price expectations to £900/oz, more than offsets dilutive share issuance and hence we upgrade our share price target from 15 pence per share to 17.3pencer per share. This is almost three and a half times the current share price."
panagos: thanks TC, sound very interesting and encouraging. Subdued share price means for shares for us converted shareholders. They will be coming out of our ears soon.
panagos: I wonder what will happen to the share price when a modestly "big boy" decisldes to buy in the open market.10p ?
nobbygnome: But I have the feeling that it is holding back the share price and will continual to do so until all doubt is removed.
Galantas Gold share price data is direct from the London Stock Exchange
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