Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Oh Gavster ,lol
Gal have been producing for over a decade and have made what , nothing more than a right old mess.
Those that don't take advice and all that , lol
One trick pony's that don't do tricks need a distraction from the facts , good luck , you will meed it it
Scotgold was 12 years in the making of massive woes for the shareholders. As I said. Scotland is as problematic as they can come. I doubt any shareholder here cares or will get remotely excited by the prospect of Scottish gold mine in a a decade after many many millions of pointless expenditure.
This will do nothing for the SP IMP. I want to see production and profit at the current mine, and the 300k ounces we already have get mined out the ground.
Gavster , lol
"Scotland, as problematic place to get mining permission as they come..."
If you can get permission to mine in a National Park in Scotland you can get it anywhere.
You should be more concerned with getting a legal contract with the land owner or whatever all your efforts may yield may be for nothing without that . Hope your management are aware that the law in Scotland is different , maybe you should give them a nudge.
Also what is the geology like? Are we looking at open pit or hard Rock?
Got mixed feelings on this rns. Currently we are a one trick pony albeit moving rapidly towards production. So is this just a sensible diversification or just a distraction pending possible poor news to come on NI project. Plenty if examples on AIM where shareholders get continuously rinsed through raises and new projects eg ukog, bem and the Colin Bird stable of companies to name a few.
Gold grades ok but not spectacular. More interested in the cu grades depending on the size of the mineable area.
Who's going to pay for the drilling programme?
3g per ton in Scotland, as problematic place to get mining permission as they come... Not exactly going to budge any sentiment here.
What we want is production guidance, production, no more losses and some profits whilst the POG is at all time highs !
Come on Stifano, time to make good on the talk.
So good news, we plan on selling some gold, albeit only 6000oz, and this is for 2024-2025, but should pay some bills.
However we are giving Ocean 500,000 warrants at .55c (32.95p) for facilitating. Value of facilitating est at least $150,000 or 19% of gold sale. Seems steep. Gal Director Omland is CFO of Ocean. Hmmm.
Also PofG sales is capped at $1775, I believe gold price could be much higher by 2024.
Would like some guidance on how many total oz’s they’ll be producing 2024-2025 so we know what % is already spoken for with this deal.
Any other thoughts?
Latest news regarding the Omagh mine site-, from Dungannon Court on Friday...
Operators of Omagh based gold mine fined following health and safety failures
https://www.hseni.gov.uk/news/operators-omagh-based-gold-mine-fined-following-health-and-safety-failures?fbclid=IwAR0MertGupFbv8HKemhJxC-XR-IF2tMWx4_-11vkbduIIxnlPUoyvFw2a1E#:~:text=The%20Health%20and%20Safety%20Executive,were%20today%20fined%20%C2%A3120%2C000
Hi Winstonwolf.
Welcome to GAL, It's very slow moving, quiet sub-committee of the Stock exchange and LSE discussions.
I saw the catastrophe of Pure. Have to say I was amazed people were sucked, even when the market cap was half a billion and more, they never actually said what their processing capacity was so what they might actually earn, nor did they have a finished BFS. Anyway, better out of it IMO, it's a gamble now, and subject to Sprott games, as are we here.
There are loads of GAL warrants which may magnetise the SP a bit lower, but we know that the historic capacity of the processing plant was around 12000 ounces a year, so this must be the first target. But so far no declaration of production which the longer doesn't happen, the more annoyance as investors I (and we) will have, as it should be now. Patience is not endless.
There are some anti-mining activists that appear on the board now and then and they have been successful in delaying the project for years in the past, which hurt the local economy but made them happy temporarily, even though IMO, the best way of funding the land to go back to it's natural beauty is to let the mining happen, so it can be paid for.
That all said... If the herd ever notice this is a bargain when production and measured resources loom the SP would rocket.
New investor after the debacle at Pure Gold Mining. I have certainly learned my lessons there.
Something is up.. I can get an instant quote to sell £20k worth of shares, completely unheard of in the realm of GAL.
There must be buyers a plenty or a large buy order to fill. Not usually one to comment on such things but yesterday I could not even get a quote for a sell worth £1000, so I see this a good reason to hold.
https://www.youtube.com/watch?v=h9YgCi0yjkE
The Economic Ninja on youtube has been recommending the share today and features an interview with Stifano.
So it's a pump up, let's hope it leads the an announcement soon of production, rather than profit taking and a slide back down.
Live price is now 40.5p ,38% up !!
Hopefully! Looks like AIM price has gradually caught up with TSX today
Production at last ?
GAL up 25% on the Canadian market yesterday (GAL.V TSX)
You may have a wait for a reply- Flintridge Resources are listed for mention in Dungannon court today.
Come on Stifano, we've heard about nothing but problems and delays for 10 years.
What's happened to the jewelry sales ?
Gold was promised in June. Where is it ?
Gold is at its highest sustained price range ever.
We're now at the moment of there should be no more half-year losses.
Starting to move after GV points out 10 bagger potential and that he’s ‘balls deep’ in Galantis! Bought more at these sale prices
Additionally, important news from today's RNS:
"The Company has successfully commissioned the secondary egress and has now commenced blasting of our first stope at Omagh".
Anyone any opinion on the loan terms?
12% and 125,000 warrants feels like it’s at the high end of cost of capital to me.