Share Name Share Symbol Market Type Share ISIN Share Description
Galantas Gold Corporation LSE:GAL London Ordinary Share CA36315W2022 COM SHS NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 3.80 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
3.60 4.00 3.80 3.80 3.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.04 -1.66 -0.57 7
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.00 GBX

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Date Time Title Posts
17/10/201918:56Galantas Gold - ISA eligible gold miner3,811
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 3.80p.
Galantas Gold Corporation has a 4 week average price of 3.80p and a 12 week average price of 3.80p.
The 1 year high share price is 8.50p while the 1 year low share price is currently 3.80p.
There are currently 187,549,186 shares in issue and the average daily traded volume is 52,335 shares. The market capitalisation of Galantas Gold Corporation is £7,126,869.07.
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. "
nobbygnome: Gold up more than 1% today and up more than 15% since the beginning of October. That rise has not been reflected in the share price here in any way....
nobbygnome: I completely agree. I think share price appreciation here is inevitable; the only issue is when. It is difficult to know what the catalyst will be... Of course just IMHO...
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.
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."
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