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GAL Galantas Gold Corporation

4.00
0.00 (0.00%)
12 Dec 2024 - Closed
Delayed by 15 minutes
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 0.00% 4.00 250 08:00:00
Bid Price Offer Price High Price Low Price Open Price
3.50 4.50 4.00 4.00 4.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores CAD CAD -8.57M CAD -0.0747 -0.80 4.59M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:08:25 O 250 3.50 GBX

Galantas Gold (GAL) Latest News

Galantas Gold (GAL) Discussions and Chat

Galantas Gold Forums and Chat

Date Time Title Posts
12/12/202401:00Galantas Gold - ISA eligible gold miner4,491
24/4/201907:00Galantas Gold-
05/11/201807:50Galantas Gold (GAL) One to Watch -
11/7/201820:38GALANTAS GOLD13,197
11/7/201812:01Galantas Gold PLC 22

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Galantas Gold (GAL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:08:263.502508.75O

Galantas Gold (GAL) Top Chat Posts

Top Posts
Posted at 12/12/2024 08:20 by Galantas Gold Daily Update
Galantas Gold Corporation is listed in the Gold Ores sector of the London Stock Exchange with ticker GAL. The last closing price for Galantas Gold was 4p.
Galantas Gold currently has 114,770,587 shares in issue. The market capitalisation of Galantas Gold is £6,886,235.
Galantas Gold has a price to earnings ratio (PE ratio) of -0.80.
This morning GAL shares opened at 4p
Posted at 12/12/2024 01:00 by lurker5
This company must be one of the most dishonestly promoted - by the management - ever. An updated feasibility study - aimed at restarting production - was promised some years ago but never materialised. Instead GAL has allowed the shares to be decimated through spending on drilling and buying a Scottish red herring before generating anything to pay for it. Yet heavyweight backing misled ordinary investors into thinking they would ensure a sensible strategy. One wonders if there is a hidden strategy to fleece them and take GAL private now that they have helped pay to extend the resource before a new production company is resurrected to benefit only the heavyweights.
Posted at 30/4/2024 11:15 by gb904150
I spoke to Mario Stifano a year or so ago. I was impressed by his energy and bullishness for the project. That said, he is a Canadian, so he's all about drilling, drilling, drilling.

I'm not sure if or when GAL go back to having serious plans to mine again.

All the power here seems to lie with Melquart and Ocean partners now, so I guess it depends on what their plans are.
Posted at 12/4/2024 12:10 by gb904150
well that is a sudden improvement in share price after a long time sleeping.

I wonder if there's much going on....or just catching up with the gold breakout.

Next results should be early May for results for YE 31/12/23.

Mario Stifano likes drilling.....and he seems to like this project.

Now if only we could do a Dalradian.....
Posted at 07/9/2023 08:47 by mineng
Lurker

Whilst not a feasibility, there is an insight into Micon's thoughts on the matter in the Technical Report, which I found interesting.

"In accordance with the recommendation of the CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines 2016 a Mineable Shape Optimiser (MSO) was used to identify spatially continuous mineralization within potentially mineable shapes using reasonable assumptions based on the current operation and long-term price trends. For the MSO a minimum stope width of 1.2 m optimised to a cut-off of 2.25 g/t Au was used. Economic parameters for cut-off
grade determination include: US$1,800 oz Au price, 92% process recovery, 90% payability, 4% royalty, US$120 t mining cost, US$30.72 t processing cost, US$13 t general and administration"
Posted at 29/8/2023 18:52 by loganair
I've never understood why junior commodity exploration companies do not raise enough money at IPO to be able to at least start getting the said commodity out of the ground and providing an income, instead they seem to raise enough for the first year of exploration then have to keep coming back year after year for more money in the end leading to billions of shares being issued at a fraction of the IPO price.
Posted at 14/4/2023 14:45 by meanreverter
Google and Yahoo both reporting an 80% price rise, but with no corresponding trade or RNS announcement. Looks dubious.
Posted at 01/3/2023 21:09 by loganair
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.
Posted at 16/2/2023 17:23 by rambutan2
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."
Posted at 27/1/2023 16:58 by meanreverter
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.
Posted at 04/1/2023 14:16 by bahamasoil
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.
Galantas Gold share price data is direct from the London Stock Exchange

Galantas Gold Frequently Asked Questions (FAQ)

What is the current Galantas Gold share price?
The current share price of Galantas Gold is 4p.
How many Galantas Gold shares are in issue?
Galantas Gold has 114,770,587 shares in issue.
What is the market cap of Galantas Gold?
The market capitalisation of Galantas Gold is GBP 4.59 M.
What is the 1 year trading range for Galantas Gold share price?
Galantas Gold has traded in the range of 4.00p to 15.50p during the past year.
What is the PE ratio of Galantas Gold?
The price to earnings ratio of Galantas Gold is -0.80.
What is the reporting currency for Galantas Gold?
Galantas Gold reports financial results in CAD.
What is the latest annual profit for Galantas Gold?
The latest annual profit of Galantas Gold is CAD -8.57M.
What is the registered address of Galantas Gold?
The registered address for Galantas Gold is THE CANADIAN VENTURE BUILDING, 82 RICHMOND STREET EAST, TORONTO, ONTARIO, M5C 1P1.
What is the Galantas Gold website address?
The website address for Galantas Gold is www.galantas.com.
Which industry sector does Galantas Gold operate in?
Galantas Gold operates in the GOLD ORES sector.