the rumor and why.... this is an illusive puzzle
1.Galahad Capital from England..
JIM Slater is one of the stock market's most astute investors. So when he goes hunting for gold in Greenland, many will follow him.
Galahad Capital, which Jim and his son Mark set up as an investment vehicle, is buying Shambhala Gold, a private company with stakes in the Skaergaard prospect on Greenland's east coast, and in Northern Dynasty Minerals, which has a prospect in southern Alaska.
2.LONDON (AFX) - Galahad Gold PLC swung into an interim loss, but said it is upbeat on its Pebble deposit in Alaska where the inferred mineral resource has more than doubled.
The company said though that results relate to the new activities of the group which began on Dec 23 2003, when it changed from being a financial investment company to a mining development company, and so comparatives are not applicable.
The group, which also holds 100 pct of Skaergaard Minerals Corp, the company developing the gold-palladium-platinum deposit at Skaergaard in eastern Greenland, added it should benefit if metals and minerals prices rise further due to continued weakness in the US dollar and demand from China.
"Galahad now has interests in three substantial natural resource projects in varying stages of development," the group said.
"We are encouraged by the significant progress being made at Pebble, the recent confirmation of inferred mineral resource status at Skaergaard and the acquisition of the licence for the substantial new molybdenum deposit at Malmbjerg."
There is no substitute for conducting your own research
