The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Worrying--- "Despite signs warning against entry, protesters said they found the gate to the site open and a number went through to observe work that’s been done."
Report on RTE national news yesterday-
https://www.rte.ie/news/regional/2021/1128/1263654-gold-mine-protest/
Another placement on the way apparently.....
Smart idea- but it will probably take around 15 years for one of these to become available on the second-hand market so that Galantas can afford it. As Phelps has previously said during interviews, they've got some good engineers in Northern Ireland, and they've really ever only bought 'pre loved' equipment. In fairness the site looks a bit like a machinery grave yard.
The underlying geology is relatively soft rock- as demonstrated by the excavations in the current open pit... should be a 'no brainer'.
Was just watching the documentary on Dalradian. But why use blasting in Northern Ireland when companies can now use the Komatsu's MC51? Expensive machinery but it will remove all the “noise” about explosives and probably it will end to be (much) cheaper than the old techniques.
Hi LK505
Doubt it. That documentary tried to dish as much dirt as they could but ultimately failed. I watched it open minded but ended up on the side of the miners. There are mining projects a plenty that don't get off the ground and the kids in my local neighbourhood litter more empty gas canisters over a weekend than what was left by some untidy contractors in Brazil.
They also gave absolutely no scientific reasoning as to how exploration mining managed to change the zinc and toxicity content in the water, other than the possibility of piling a few rocks outside, and some sinister music to accompany answering of some some unjustified and conjectured questions.
Galantas mines have been going on for well over a decade without any big problems with the NIEA.
It would be incredibly short sighted of the locals to want the mine to close leaving a calamity rather than let gold bring wealth to the area and generate the money to clean up the surface site post mining.
Seems as though the message is spreading...
https://www.irishtimes.com/news/ireland/irish-news/leitrim-councillors-unanimously-oppose-prospecting-licence-1.4716142?fbclid=IwAR07iU56Sn8X9eNlOUOg0UNejqvVxgggl171lGabuTtg3THRE9Hd8r1yXRo
Fermanagh and Omagh council meeting 27th October 2021:
It seems that GAL may have fallen foul of the local council and their proposed new 7 bore holes are not allowed to proceed under 'permitted development', but the company will now be forced to go though a lengthy full planning application to continue with this. I cant help thinking that the council and the local people are being influenced by the actions of Dalradian, and the incompetence of the local regulatory authorities.
Check out this documentary- https://www.bbc.co.uk/iplayer/episode/m001120j/spotlight-gold-rush-the-war-in-the-sperrins
Hi all. He comes across well in the interview and he's always quick to respond to investor emails too.
The game remains the same, get the resource higher and the production to fund as much as possible. the minimum being to the previous tpd and cover the running costs I'd expect.
Even after averaging down I'm still in the red here after buying at the old 5p level on expectancy of Phelp's similar plan happening before it all went sour.
Thx Troajan,
I am HoH and could not follow the Interview If anyone can type out the key points I;d be Grateful
Handy link to the price on TSX: https://money.tmx.com/en/quote/GAL
Look at the 10 year. 10 bags takes us to ATH, lol. Amazing entry point.
We have strong backing, so provided we can get cash flow in first half of 2022 we should be safe regarding debt levels
https://finance.yahoo.com/news/does-galantas-gold-cve-gal-143104461.html
Greetings all Galantiers Haven't posted in a while but still holding, and adding now we're thru the Sprott surge I'd be interested to hear PI's projections Mine are simple; another (and final) cash this winter with commercial production starting next summer. We are a near term producer at an explorers valuation and looking at the other goldies on AIM, I begin to suspect that most PI's invest for the chat 'buddiness' rather that analysis. Yesterdays ECR RNS was a joke. 17m MACP, same as us. Jeez
Happy days coming closer.
Best of
At 25p this should be great long term value .
Especially IF the BOD play Our cards well .
Best of
As an investor I'm pretty sure Galantas follows all ESG standards, so I don't see why people keep harassing them. The mine in full operation will bring many skilled jobs that are probably in great need locally. This price drop for us investors is just a blessing to keep adding more with drill results due to be out now at any time.
https://fb.watch/8to6TAZlIo/
The way the guy harasses the question as to why public money is being used to supervise the use of dynamite in Northern Ireland ( with a large history or terrorism and secular violence), would prompt most to prosecute for trespassing. Very patient. Why the man at the gate would even know about it as he just tries to earn a living is anyones guess.
If Galantas pays then the police, law and order are subject to questions of responsibility.
If the tax payer pays, then the sums are easily recouped through employment taxes, mining licenses etc and the responsibility of overseeing the dynamite use is shouldered, quite rightly by the government.
On the plus side, GAL are getting their £150k back that they paid to the police- but this seems to have sparked a bit of a public backlash which seems to be escalating.
https://www.facebook.com/CAMIO2018/
They should have a look at what Pan African Resources are able to do with mining profits. Water cleaning plant, fields of solar panels and a large blueberry farm employing hundreds of locals, created by a modern mining company appreciating that there is now responsibility to restore the land.
IMO The best way to restore the land is to allow Galantas to mine the gold, providing valuable employment and an economic boost to the area and the money to actually do the restorations. Otherwise, the happy duckers will be left with abandoned mines, and land and tailings left to rot away, that is no good for anyone and a drain upon the local economy.
These people will protest everything.
Must be weighing on the SP. Time to buy IMO before drilling results and a likely resource upgrade.
Would like to see more gold being produced and actually appearing obviously in the accounts, especially after declarations of being funded. I hope the new management will not eat away the funds then rinse and repeat, like so many AIM mining companies that seemingly have no actual intention of actually mining rather rinse the value of their resources by issuing shares.
Keep it classy GAL!
No.... the GAL 'fan' has hit a 'sh*tbubble' again. Normal service will resume soon.
I was under the impression Q2 rns update was due out today?