Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Buy this dip. Let’s hope gap filled at .365 on GAL
Looks like the uptrend may about to resume.
Best of
Keep a hold this ride has quite a way to go .
Best of
At long last Investment and an uptrend .
This could treble from here .
I should hope good news will continually drive this up to dollars rather than cents.
BUY
Best of
GALKF: effective April 17,2020 a one for 10 reverse split:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
News
10/06/16
Galantas closes over-subscribed private placement and share for debt exchange.
View
27/05/16
Galantas announces over-subscribed private placement
View
24/05/16
Galantas reports results for Quarter 1 2016
View
11/05/16
Galantas announces a proposed private placement and shares for debt exchange
View
20/04/16
Galantas reports results for year ended December 31, 2015
View
04/03/16
Galantas updates on judicial review of planning consent
http://www.galantas.com/news/
http://www.galantas.com/
GALKF one for 5 reverse split:
http://www.otcbb.com/asp/dailylist_detail.asp?d=04/11/2014&mkt_ctg=NON-OTCBB
Big price spike this afternoon, looks like all the buying is from one buyer-- firm in Canada: Macquairie Private Wealth Management in Toronto.
Any news or pending news that might account for this buying?
It's up like 100% today!
Moving in the right direction finally...
Huge trading in GALKF on London Exchange today-- over 5.5 million shares- about what trades in a month of ordinary activity!
GALKF trading in London
(symbol is GAL on London and TMX exchanges)
Now up about 300%! go GALKF!
GALKF up 250% on news!!! NICE
News: Galantas Drills 2.8 Metres High Grade Gold on Joshua Vein
Galantas Drilling News
GALKF up on big spike in volume!!
GALANTAS GOLD PR on Environmental reports:
GALANTAS GOLD PR
NEWS:
MINING: Galantas Gold CORPORATION (LON:GAL, CVE:GAL)
FROM YESTERDAY: ENVIRONMENTAL STUDY RESULTS: NO RISK OF ACID DRAINAGE
Galantas Gold Corporation has received the results of the two additional environmental studies conducted on the Omagh Gold Mine.
The first of these studies proves that the country rock at the mine is not acid forming and some of the rocks are potentially acid neutralising, consistent with earlier studies.
The second study, a Northern Ireland environment Agency (NIEA) water study has confirmed that the mine is fully compliant with all its water outlet requirements.
Shares were up 9% yesterday on the back of this positive announcement.
NORTHLAND UK VIEW: The completion of these additional environmental reports is an important step forward for Galantas Gold Corp. The study on the acidity of the country rock means that allegations made by two Omagh residents regarding the rocks likely impact on the environment from acid mine drainage and the use of the A5 road, are incorrect. These results will now be submitted with other existing environmental evidence to Minister Kennedy of the Department for Regional Development, responsible for the Road Service agency and who will determine whether to approve the A5 road scheme, allowing the Company to transport waste rock off site. This is key in allowing the Company to recommence open pit operations at the mine, and is also likely to be important for the underground mine planning consent.
Source: Northland UK
Press Release of June 12 shows an increase in Measured and Indicated Gold reserves of 50%!
Galantas Updated Resource Estimate
One would think, in a rational market, that such a release would be a positive fort the stock, and might even lead to a bit of price appreciation!
Someone in Canada buying as Q4/ Annual financials are due.
370,000 bought already.
Does someone up there know something?? or just making a an educated bet.
Either way, GALKF looks very inexpensive, for a producing, profitable gold miner. Even in a depressed junior mining sector, it still looks cheap.
Holding...
Another Drilling report:
GALANTAS GOLD CORPORATION
TSXV and AIM: Stock Symbol - 'GAL'
GALANTAS DRILLS 2.4 METRES HIGH GRADE GOLD ON JOSHUA VEIN
Date : 8th January 2013. Galantas Gold Corporation (the 'Company'), the AIM and TSXV quoted gold producer and explorer with a 100% interest in Ireland's only operating gold mine, has received core drilling results from its Omagh Gold Property, near Omagh, County Tyrone, Northern Ireland.
Ten cores were drilled on the Joshua vein. The results, which are tabulated below, include a high-grade intersection of 23.6 g/t (grammes per tonne) gold with 38 g/t silver, over a true width of 2.4 metres, at a vertical depth of 51.4 metres and which included a 0.8m section reported at 64 g/t gold.
The cores reported 13 significant mineralised intersects. Intersects above cut-off grade (*as assessed within the Howe Technical Report detailed below), average a true width of 1.1m, 12.6 g/t gold, 25.6 g/t silver and 1.5% lead. Vertical depths range from 50 metres to 91 metres. The average sample grade (width weighted) of all intersects (including those below cut-off) was 8.6 g/t gold at average true width of 0.8m.
The Joshua vein is, so far, known to extend over 836 metres along strike. The southern-most of the Joshua cores so far reported appear to confirm two vein structures. Good gold accumulation (width and grade) has been discovered within 80m of the southern freehold property boundary (cores 12-122 and 12-134). Three cores reported herein (12-131, 12-140 and 12-136), show a reduction of width and gold grade near to the freehold boundary, below cut-off grade.
The current geological model indicates a high gold accumulation to occur along an approximate 325 metre southern strike length. To the north lies an approximate 90 metre strike length of apparently lower gold accumulation. Further north, the vein system is similar to the south in that it is comprised of two vein structures. Two shallow drill holes situated near the northern freehold boundary appeared to indicate a vein thinning in that area. However, the latest results have shown improved grades and widths in this part of the vein system, with core 12-95 reporting 7.40g/t gold over a true width of 1m at a vertical depth of 91.4m. A second shallower intercept was reported in the same core, giving 7.0g/t gold over 0.6m true width at a depth of 73.3m. An earlier reported core (11-101A,11th June 2012), some 30m to the south, reported 7.5g/t gold over 1.5m true width at 65 m vertical depth and 5.4 g/t gold over 0.9m true width at 74.7m vertical depth. Other cores previously reported (11-88 and 11-91, 5th April 2012) extend improved grades south-wards.
A total of 2,336.9 metres has been core drilled during the fourth quarter of 2012. This brings the total number of metres drilled, since the beginning of the 15,000 metre program, to 16,346.9m and completes that phase on target. Drilling continues using the company's own CS14 core drilling rig, manned by in-house drillers. Up to a further 1600 metres of drilling are planned in the short-term, extending the program to 18,000 metres, following up the high gold intersect reported today. When the remaining results are received, the company expects to arrange an independent re-assessment of resources to Canadian National Instrument 43-101 standard. The re-assessment will be timed to enable the follow up cores to be included. The majority of the program has targeted potential measured and indicated categories of resource, since active discussions with a major lender has shown that these categories are necessary to meet the lender's requirements.
The samples were taken by geological staff under the supervision of R. Phelps C.Eng MIMMM, (President & CEO, Galantas Gold Corporation), the Qualified Person for the program under NI 43-101 and who is also a "Qualified Person" as defined in the Note for Mining Oil & Gas Companies, June 2009, of the London Stock Exchange. Sampling methodology, security & verification followed standard procedures previously detailed on April 5th 2006 and the samples were analysed (gold by fire assay and other metals by ICP-ORE) at OMAC Laboratory Ltd (an independent, ISO 17025 laboratory) of Galway, Ireland. The core drilling methodology was that as described on 15th September 2011.
Mr. Phelps commented, "The latest excellent drilling results include the best result so far on Joshua Vein - possibly the best on the whole Galantas Northern Ireland gold license - so far. Further assays will be reported when received and are expected over the next 8-10 weeks. "
*The Technical Report on the Omagh Gold Project, Counties Tyrone and Fermanagh, Northern Ireland by ACA Howe International Ltd (UK) is available on the Company's website at http://www.galantas.com/operations/ and at www.sedar.com .
Drilling Report-- Excellent Results!!
25-9-2012 GALKF Drilling Report
Warrants at .10 extended for 1 year, from July 2012, to July 2013.
Story:
Galantas Warrants extended
Hahaha--- I don't think July 4 is a big holiday in Ireland, or London, where most of the trading in Galantas happens.
And the release didn't seem to have much impact over there, either!
Go figure.
Junior miners are just still out of favor, I think is the bigger problem.
Not sure why, but that's just how it is. If I knew why markets do what they do, I could have retired years ago.
Why would you ever release the 43-101 on the week of July 4th??? That is just ridiculous... someone needs to get these guys to re-release that PR!!!!
Updated 43-101 out today:
Galantas 43-101, July 3, 2012
Comments from CEO:
Roland Phelps, President & CEO, Galantas Gold Corporation commented, "The Preliminary Economic Assessment, which shows high Internal Rates of Return and low cash cost of production, in a politically stable jurisdiction, confirms our confidence in the Omagh property. We expect to continue to further invest in drilling and infra-structure, moving to a more detailed feasibility with the goal of establishing an underground operation around a target production of 50,000 ounces per year of gold in concentrate.
Discussions have already been initiated with potential lenders to gauge interest in financing opportunities based on debt, with encouraging results.
A further report is scheduled after the 15,000 metre drilling program is complete. Our permitting application for an underground mine, with accompanying Environmental Impact assessment, is now complete and expected to be filed in the week commencing 2nd July 2012."
GALKF Website and recent Financials
Meanwhile here is a link to their website, and to the most recent financials:
GALKF WEBSITE
2012 Q1 Financials
2011 Audited Annual Financials
iBox updated-- thanks for the nudge!
Absolutely- and Galantas GALKF is doing very well- I simply have not updated it recently. Check SMS of the news posts in he postings!
Any guess when we get the updated 43-101?
More good news--
http://news.morningstar.com/all/acquire-news/ff80808137790d1a0137dbaa31047149/galantas-announces-exercise-of-warrants-and-repayment-of-loan.aspx
So, a big investor, with lots of experience in mining shares, exercises warrants to buy another 20 million shares of GAL / GALKF at .10 Canadian, when the shares are trading on the open market at about .07 Cd.
The shares did trade up a bit, both in London and in Toronto, but still trading at a pretty steep discount to what Kenglo paid.
Helps the balance company sheet, because it extinguishes a big debt, at a discount.
Stock is still a buy. A good hedge against future inflation.
Nice news...no one cares! lol
First Quarter results:
GALKF Q1 results
Slightly disappointing numbers, but clearly, the company is committed to dramatically increased production, and apparently is generating enough cash to finance much of the expansion. That's unusual for a small, junior mining company.
Not the 1st Q I was looking for! This should help though:
The Company reported during the quarter that it had appointed ACA Howe International Ltd to prepare an Interim Resource for the Omagh Gold Project to Canadian National Instrument (NI) 43-101 standard. The report will estimate mineral resources and will comment on the Company's Underground Mining Scoping Study. The report was expected to be published by the end of May but the Company now expects it by mid June 2012.
They are generating lots of cash, plenty to pay for expanding production. Nice to see this in a mine at this stage.... will greatly reduce dilution going forward, and we'll soon be well past .01 per share in annual revenue.
They should be able to ramp up nicely in 2012! And with the price of gold staying well above the average for 2011, they will likely end the year at .02/share or better. For a junior god miner, to be trading at about 8x earnings--- its CHEAP!!
.0069 EPS - not bad! I was really hoping for .01 though
Forgot to mention this item from the final results:
Cash generated from operating activities after changes in non-cash working capital
2011
$3,339,617
2010
$1,183,905
change:
182.1%
Final Results:
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11176410
Nice news:
2011 compared to 2012:
Revenue +38.9%
Costs +20.5%
Net Income +114.7%
Cash on hand +59.3%
Great results-- more to come!!!
Mr. Phelps commented, "The drilling and channel sampling results received from the Omagh property continue to exceed expectations. We've an aggressive drilling program, with six rigs at work. An Independent Interim Resource Statement is in preparation and expected to be ready by the end of May. Results from the continuing drilling program will carry forward to an updated assessment expected at the end of 2012. The planning for an underground mine is progressing well, with consultants reports regarding the Environmental Impact Assessment anticipated within a month."
Sweet!
Nice annual results on the way-- maybe an announcement about higher production or reserves?
085 x .09 - big early volume, big bid!
Last trade up 10% on the London AIM exchange today!
Do you ever check that--- it's interesting to watch, and often gives an indication of where the price on the TMX is going (where U.S. trades are executed)
http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary.html?fourWayKey=CA36315W1032GBGBXAIM
.08 x .085 - highest bid I've seen in a long time!
Holy cow... that was a year ago.... Yikes! lol
Last year they filed on April 19, but I believe last year was a special case, where more time was allowed due to the change in accounting rules that took effect for the reports filed after December 31, 2010.
According to what I know, the annual audited financial statement is due 90 days after the end of the fiscal year, which would mean it is due at any time now.
Should be a good one!!
When is the K due? TIA
Let's hope so---- this stock is way overdue for a run up past its previous highs around .10- .11
It really should be trading at about twice its current level... just to be UNDERVALUED!
Maybe the 10K, showing that the company has had a third year of profitability, with growing production, growing revenues and growing profits, will convince investors that this is for real.
They continue to execute as promised, and are on path to dramatically ramp up production.
Followers
|
7
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
186
|
Created
|
06/18/10
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |