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to the updates any possible interests
Patience will be rewarded
Great summary and all adds to the confidence
Sitting tight watching and waiting
Thank you Total Trader
Patience is the key here. Any expression of interest could take a few months to fully materialise into a worthwhile RNS, until then there may be nothing more to report on the issue. When it does happen the news will be held very close to the BOD and probably only released when an offer is received.
But let's look at why there is an expression of interest:
Kearney Vein November samples:
Sample 1: Gold - 7.1g/t and Silver 10.6g/t.
Sample 2: Gold - 10.4g/t and Silver 22.4g/t.
First assisgment of 25T of concentrate shipped in November.
Private placement completed in December to raise £4m in an over subscribed placing. Now I do not normally get excited over a placement and the subsequent dilution. Normally a placement in mining companies goes into salaries and R&D. In this instance we are already drilling and the money goes into additional equipment with the aim of increasing Gold output from 19,000Oz to 30,000 Oz per year.
I have a detailed financial model for mining companies and at 19,000 Oz I predict an EPS of 0.90-1.30p and at 30,000 Oz and EPS of 1.25 to 1.60p. This should translate to a share price of 9p to 32p using the P/E's of 10min and 20 max.
Let's also not forget that the aim is to move to 50,000 Oz per year and that moves the share price to potentially over 50p.
Patience is the key. I have been in this share for over 5 years. BMN took 3 years of waiting, JLP and a few others still have some time to go. Of all the mining shares I see on aim - even including BMN - this is the share that I see with the maximum upgrade against the least downside. The CEO has done a great job to get it here - he doesn't boast about the company or issue crazy predictions on the likes of pro-active. He gets on with it and gets it done - RNS's or news only gets relaeased when it is something important.
So as I said - patience is key. This will unravel in the next 12 months and the final picture will be a great result for those invested. Whether the share price goes up tomorrow or in a few months time is impossible to predict, but the long term trend is only in one direction.
Hope my analysis helps.
The Company has received, through an advisor, expressions of interest in the Company's Omagh properties and operations. The Company will advise shareholders if matters of substance arise that may lead to corporate action.
Waiting for the update
Waiting
Nothing happening here
All sat on our hand waiting for the update
Just a waiting game until news
From RNS 19/11
The Company has received, through an advisor, expressions of interest in the Company's Omagh properties and operations. The Company will advise shareholders if matters of substance arise that may lead to corporate action
Great to see common sense prevailed in the end. Took way longer than expected but the future now looks brighter and more certain. Should continue to be re rated positively.
The fundamentals on this share are fanstastic. Taking into account the new funding getting us to 30,000Oz per year and the share dilution to circa 269m shares, it gives a very conservative EPS of 1.54p. A realistic P/E of 20 and you hit just over 30p per share.
It also generates a very large free cash flow which funds the next move to 50,000Oz per year and a predicted share price of around the 50p mark. Somehwere in between these two is probably the numbers on the table for a buyout - if that is the way the company wishes to proceed.
NT to buy
And we are off !!
The Company has received, through an advisor, expressions of interest in the Company's Omagh properties and operations. The Company will advise shareholders if matters of substance arise that may lead to corporate action
But placing at 0.5p still to go ahead.
Positive Judgement in Court of Appeal Hearing regarding Mine Planning Consent
23rd November 2018 : Galantas Gold Corporation ("Galantas" or the "Company"), the gold-mine developer and explorer, has been advised that the Court of Appeal has delivered its judgement in regard to an appeal against the Company's planning consent. The Court has determined that the appeal has failed and thus the planning consent is confirmed.
10p to buy current
Great news
Sit tight - feeling positive. Roland recently converted his debt to equity. That means he must feel pretty confident about the whole situation.
Takeover coming in my humble opinion..
At the request of the Company trading on AIM for the under-mentioned securities has been temporarily suspended from 23/11/2018 10:00am, pending an announcement
21st November 2018 : Galantas Gold Corporation ("Galantas" or the "Company"), the gold-mine developer and explorer, has been advised by the Court Of Appeal that it has listed for judgement an appeal against the Company's planning consent, on Friday 23 November 2018 at 10.00am.
An Applicant sought to have the Company's planning consent for its Omagh gold mine quashed via a Judicial Review in Belfast's High Court. The Company's consent was confirmed as a result of that Judicial Review. The Applicant appealed against that decision in the Court Of Appeal and it is this judgement that is awaited.