CastNoShadow
27 Sep 2016
Re: judicial review No problem.Boards are very quiet which is a good sign. This one is very much under the radar. That should change this week - hopefully. This company has the potential for a 30 - 40k oz low cost mine with a LOM of as much as 20 years IMO.Much of the infrastructure is already in place and the capex is comparatively small. Should be a very interesting quarter for this company.I don't expect it to be long before we hear news of the financing deal too.
1to7
27 Sep 2016
judicial review castnoshadow. Thanks for your reply.
CastNoShadow
26 Sep 2016
Re: judicial review There are regular posts/info on this on the ADVFN board.Hearing is later this week so we should get our answer by Friday with any luck.Volume increasing a little, fingers crossed for a positive outcome.
1to7
26 Sep 2016
judicial review Still no answer to the judicial review. Shares increasing.so something must be happening but nothing on this board??
1to7
18 Sep 2016
judicial review I understand the judicial review should be over by the 16th. When should we hear the result.
CastNoShadow
07 Sep 2016
Exciting times Anyone still here? Quiet board is sometimes an indicator of good value. Looks like we're finally into the most important month of this company's life. Should be the start of a transformational period as we go from explorer to producer once the decision goes the right way end of this month. I imagine the financing will be wrapped up pretty quickly with gold flying around £1,000/oz, well above the £750/oz in their economic study. Hopefully mainly through debt rather than equity.Great news out today, Could significantly reduce the debt pile should the area identified be viable.GLA.
Tatty
09 Aug 2016
RNS Mining Confidence? Buying albeit second hand mining equipment is probably a wind up for the local objector and a bit of confidence in a successful outcome of the judicial review.
Tatty
13 Jun 2016
Re: TGISVP - Galantas Gold Corp So how come the price rise today I wonder?
Wexboy
06 Jun 2016
TGISVP - Galantas Gold Corp 2016 – The Great Irish Share Valuation Project (Part II):Company: Galantas Gold Corp (GAL:LN)Last TGISVP Post: HereMarket Cap: GBP 7.2 M (assuming the latest Placing/Debt Exchange)Price: GBP 5.25p[NB: Most shareholders will be happy with the London listing, but I should highlight GAL:CN may actually offer better liquidity.]Don’t let the prices from my last GAL write-up fool you – the company did a 5-for-1 consolidation shortly thereafter, so today’s share price is actually lower. But not by much, which is rather surprising, as nothing’s really changed here – granted, final planning approval was given last year for the underground gold mine…well, it was meant to be final, but an individual managed to spike it, so it’s dragged out ’til Sep-2016 when it’s before the court again. [Presumably, the same indefatigable individual who’s been a thorn in their side all along – surely they could have hired some unemployed ex-paramilitary for next to nothing, and sorted the problem once & for all?!]However, they did manage a resource upgrade, so that helps… I’m still comfortable with my long-term $150 per proved oz in-the-ground gold valuation, so in this instance I’ll apply a 50% discount to their 32 K of measured oz & a 75% discount to their 148 K of identified oz (ignoring inferred resources, at this point). The company has CAD 0.6 million of cash on hand, CAD 0.8 million of net payables, CAD 3.8 million of related party debt (which, of course, presents a potentially serious risk for minority shareholders), CAD 2.4 million gross from the new placing/debt exchange (presuming it goes ahead), plus we also need to adjust for a CAD 1.7 million annual cash burn
(32 K Measured * 50% + 148 K Indicated * 25%) * $150 per oz * 1.3026 USD/CAD + CAD 0.6 M Cash – 0.8 M Net Payables – 3.8 M Related Party Liab + 2.4 M Placing * 95% – 1.7 M Annual Cash Burn) / 1.9048 GBP/CAD / 138 M Shares = GBP 2.6pGalantas remains substantially over-valued. God knows how many more years it takes here before an underground mine actually goes live, if ever…which means the resource component (i.e. the major component!) of my valuation could be academic at best!? Not to mention how the development of the mine would actually be funded…Price Target: GBP 2.6pUpside/(Downside): (50)%For related links/graphs/files, and more TGISVP analyses/price targets: Google the Wexboy investment blog.
Tatty
24 May 2016
Results but Judicial Review There is definitely gold in commercial quantities (subject to current POG etc). I hope common sense prevails again with the resulting outcome of the judicial challenge by one individual to the planning consent granted last year for an underground mine. Outcome by end of Sep 16.
JR710
19 May 2016
The Petition is gaining support Apologies for board hopping but-The petition is going quite well; ~4950 signatures so far. Although it really needs a turbo boost.[link] petition was stalled in parliament since 12th Aug 15; finally green lit on 12th feb 2016.The FCA don't even reply on the matter, now is your chance to have your say.If you hate seeing buys reported as sells etc!!!!!!Has already been sent to Martin Lewis, Daily Mail, Moneyweek & Watchdog.My local MP supported this petition by writing to the petitions committee to help un-stall it.There’s 650 MP’s in Westminster, So have you written to your MP? 649 to go!If this petition doesn’t reach 10,000; then imo we might as well have not bothered as it will almost certainly be filed B1N; @ 10,000 the government should respond. We are currently getting approx. 100 new signatures a week, but need 3x that amount to reach the target with only 15 weeks to go.At 5000 I will send this to the PM & the chancellor as well as my MP again.So – If you haven’t yet signed or indeed have but haven’t passed it on to others, then now’s the time to do so. If each person who has signed can get just one other person to sign then we will double the total immediately. I have posted to all aim listed gas n oilies, currently doing the footsy 100. But I can only do so much to push this. Really need you guys & gals to help. Thanks to all who have signed so far.We really need a social / media savvy individual to help generate more interest in this.
1to7
10 May 2016
increase Sharp increase today on no news. Anybody any ideas.
Tatty
25 Jan 2016
Re: Galantas drills 13m of 9.9g/t gold, disc... Good results but all quite deep so expensive to get at?
redbalthazar
25 Jan 2016
Galantas drills 13m of 9.9g/t gold, discovers new high grade gold vein GALANTAS GOLD CORPORATIONTSXV and AIM: Stock Symbol - 'GAL' GALANTAS DRILLS 13 METRES OF 9.9g/t GOLD ON OMAGH PROPERTY AND DISCOVERS NEW HIGH GRADE GOLD VEIN. 25th January 2016. Galantas Gold Corporation (the 'Company'), the AIM and TSXV quoted gold explorer & developer has received encouraging core drilling results from its Omagh Gold Property, near Omagh, County Tyrone, Northern Ireland. A new drilling programme commenced on the Joshua vein at the Omagh mine site in September 2015. Results, tabulated below, include (Core 155) a 13 metre (true width) intersect with a Gold grade of 9.9 g/t (grams per tonne), 30.3 g/t Silver and 0.6% Lead, at an estimated vertical depth of 117.2 metres. This is the widest high-grade gold vein drilled on the Omagh property and represents the largest accumulation of gold discovered here so far. In addition, recent drilling (Core 154) has encountered new high grade mineralisation in an under-explored area. A new vein (Kestrel) has been discovered, located approximately 70 metres west of the Joshua vein. The drill results assayed 35.8 g/t Gold, 85.8 g/t Silver and 4.9% Pb over 0.7 metres true width at an approximate depth of 42.4 metres. It was earlier reported (16th September 2015) that a particular area of interest lay to the west of Joshua, where historic geochemical and geophysical anomalies exist. The discovery is of particular note because mine land extends westwards up to some 450 metres from Joshua vein and underground mining is permitted on this part of the mine land ownership (freehold). There is the possibility that a narrow, high grade gold intercept, drilled in core 153, some 156 metres north, represents a northern extension of the new vein. However, the distance between the cores is too far to extrapolate with any degree of certainty. The discovery does not completely explain the gold anomalies expressed at surface and further drilling is planned. Both the Kearney and Joshua veins strike in excess of 830 metres north-south. The current drilling programme aims to increase the known depth of the Joshua vein and both drill holes 153 and 155 achieved this in central and northern zones, respectively. The intersect on hole 153 reported below, at a vertical depth of 212 metres, is the deepest mineralisation reported for Joshua to date. Roland Phelps, President & CEO of Galantas Gold Corporation said, "I am delighted with the drilling results so far. They continue to demonstrate why we believe Galantas holds an important high-grade gold property which we expect to be brought into production in the near term. The discovery of a new high grade vein within our permitted mining area and the remarkable gold accumulation demonstrated by the recent core on Joshua, is the result of years of hard work by the Galantas geological team, building an ever more detailed picture of the Omagh gold deposits."Hole numberEastingNorthingStartingazimuthIntersect width (m)Dip at intersectEstimated TRUE width (m)Intersect vertical depth (m)*Au g/tAg g/tPb %Core loss %OML-DD-15-155239749.4370912.9270o21.653o13.0117.29.930.30.61And0.653.5o0.4148.41.22.400And0.853.5o0.5175.21.52.700OML-DD-15-154239568.9370650.980o1.255o0.742.435.885.84.91And0.653.4 o0.4142.10.50.80.10OML-DD-15-153239574.9370815.295o0.773.9 o0.277.412.66.300And5.675.6 o1.42121.62.20.11Initial results from the new drilling programme. NOTE: All figures have been rounded to one decimal place.*Intersect depth is a maximum estimate to the top of the intersect. Calculations of true width are based on a vertical vein. The samples were taken by geological staff under the supervision of R. Phelps C.Eng MIMMM, (President & CEO, Galantas Gold Corporation), the Qualified Person (QP) for the program under NI 43-101 and
HFWizard
30 Nov 2015
Omagh. Does anyone know when we will see next results of extended drilling campaign
