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What is going on here? Why the retracement ? Apart from the obvious fall in the price of gold. If they obtained permit to continue exploration.
Googled for reasons for the drop.
Feels like a case of Deja Vu.
https://www.socialistworld.net/2021/08/10/ireland-north-establishment-parties-allow-drilling-at-controversial-goldmine/
The happy duck brigade say no to jobs, no to local income, and essentially no to the money needed to return the gold mine to farmland. In the time they've been fighting this, under Roland's Galantas the LOM could have been reached and their farmland, foxes, rabbits, pasture, ponds and happy ducks returned already.
New advisory board additions including, Tony Makuch - current KL ceo, Tim Warman - ex Dalradian president, John Arthurs - led the first geochemical survey of the Dalradian rocks - yielded the first published indications of gold and the first modern description of the Dalradian structure and stratigraphy.
Can't really imagine a better bunch. RB still not mentioned since the ES holding rns.
Not seen any promotion yet, these guys can turn it on when they want to and many with deep pockets will likely listen and act too.
The people now openly connected, involved with and interested in GAL is coming on leaps and bounds.
JDS - canadian based specialists brought in for "plan to ramp up commercial production."
425k 5 years stock options at ~42.5p distributed to consultants and BM.
Looking great to me.
AIMO ATB
Looking for a tidy upswing soon.
Above 90cents .
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@ 42p .
Should bode well for an upswing resumption in the coming weeks.
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Despite the random retrace things are go swimmingly well .
One day mining may even be profitable .
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Looks like 50p should be here soon .
The race .
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Not a $1 yet .
Still , worth sticking around for some more gains .
Will Irish gold miners ever make money ?
An Interesting Dichotomy yet to be squared .
One hopes Galantas has that possible aim .
But, always try to lock in any profits .
AIM is an untrustworthy Beast .
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May hit Canadian $1 and above today .
After stock options RNS.
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Continues .
Well done All that have made profit here .
It`s been a long hard road .
Personally I shall be trying to hold on til above £1 .
Galantas may have more fingers like CGNR .
Asides that any gold producer is a safe bet , until 2034 .
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Hi Retiredbanker.
I sold a few today at 40p, shares that I had bought in the 10s, but I was overweight after averaging down, buying years ago at 5p (50p todays equivalent).
I think the rise is also quite fast but remember the mining is happening right now.
My personal view is that GAL didn't need to raise that amount of cash at such a terribly low price, but then now we're fully funded and the Canadian gold investors including Mr Sprott's followers and friends will be spreading the word and taking positions.
We could drop back to the early 30s but IMO that might not last too long.
If you note the last quarterly results.
For only the the last week in March, the high grade of 5.7 g/t gold was crushed.
So if they process a similar tonnage 6000t, say at 5.5g/t for a whole quarter, then they'll be mining 1000 ounces a quarter, then add the other two shifts with staff coming back to work, then all of a sudden the mine is processing at a rate of 12000 ounces a year (14m a year in revenues) , like it did before.
The new plans kick in, which will now happen soon than later, and we're looking at revenues of of 10's of millions a year. Our current market Cap, with the new share number 73,270,468 from the placing news is still only £30m.
So IMO if you're planning to trade, be confident with any dips, I was caught out twice recently trying to trade POLY and EVR, both of which proceeded to have unstoppable rises after I sold, so I'm holding through with GAL.
I have waited 10 years after buying my first holding in Galantas, so another couple of years is not long to wait for a big return.
Cheers and GL.
Only bought in here in late March when I sold TSG, so doubling money in 2 mths is very nice, but I think I'll lock in some profits. I wonder whether some investors aren't confusing CAD$ for £GBP. The private placement and warrants are giving 50% of the company away at around 17-22p a share so not sure why the price has rocketed so much. Could understand if the warrants were at 40p but they're not. Think this might fall before back quite a lot before rising again when we hear more about the actual quantities they are going to be able to mine and how soon
Keeping a close on US & Canada tonight.
See IF the advance will stall or continue .
Well done All Holders .
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It`s nice to be right .
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Looks like the secrets out...
Wondering what it’ll dip (if at all) too before going to the moon via Mars ahead of it’s trip round Jupiter...
Will watch on open.
His name alone will bring more attention.
Hold and buy.
IMO we should see some of the gold investing herd pile in, and this board will happily be overrun by experts, 10-baggers, "rude not to top up" and ramptastic aim mining invetsors.
A big spike up It could give us all an opportunity to top-slice, take profit or average down.
Getting close to breakout territory.
Tin hat time approaches .
40p may be here soonish .
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Trading appears to be backing up the anticipated good tidings ahead.
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New highs may soon be rewarded with higher gold/zinc grades .
One assumes expansion is the next port of call .
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He is a good guy but that doesn't necessarily translate to good CEO. Good for shareholders to give him a kick now and again. I've had some lengthy email exchanges over the years too. Not out the woods yet and he's still in my investor doghouse for agreeing to dilute us at the lowest possible prices.
All will be forgiven only when this gets past 70p a share !
IMO..
Check my first ever post :) 10k buy at 1.xp
Mr P was a good guy, replied to my emails and a solid guy. Respect.
Off .
Pardon the spelling .
Value should be well above today .
Patience needed.
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Looks like has bounced of 45 cents .
Onwards and upwards .
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One can only concur with Gavstar and his summary .
One hopes for better grades and mineralisation to show up very , very soon .
Well done All holders .
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