Roundtable Discussion; The Future of Mineral Sands. 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.
Could be 44cents soon , now 30 has been broken .
Gold & Other stuff , some production wouldn`t go amiss ( One Day ).
Outstanding
Uptrend resumed .
Could be eventually worth well above today`s price.
If the Cobalt is there
Outstanding
A break of 29c would be great .
And oodles of cobalt also might help a change of direction.
Outstanding
Well that 35p hasn't arrived, and neither has mineable quantities of gold. That drilling result is terrible.
IMO the CEO is beginning to take the absolute P|$$. We are literally millions and millions down and the results of the drilling so far is rubbish, but rest assured their salary and office costs are fine and they don't even have to report the exact quantities of gold mined rather what they mysteriously sold to offset against the mining costs, constantly being racked up more and more.
What do we have to sell now before they start reporting properly ? $10m or something like 10,0000 ounces assuming around half the price of gold is mining costs.
In Phelps day the equivalent share price was 60p and he was mining 12,000 ounces a year.
So far the new CEO can't even muster a 1000 ounces a year.
16p the current price, a massive discount to the funding issue prices.
The market is totally unimpressed with the progress here, as am I.
Maybe the change of material hunt , will post consolidation mean change of direction of share .
Nothing is certain , although Canadians look to be buying again
Outstanding
Rock chip sampling conducted by GreenOre in 2018 also identified elevated levels of cobalt in bedrock.
Outstanding
I think it's a mistake. Hsbc offering 27p to buy
Yeah.. Saw this too. Bid and Ask are the same. Some kind of mistake or someone over paid...
What's going on here?
45P now??? can't be.
I've had a few shares in Galantas for as long as I can remember. Very unpredictable as to where they are going.
In the past there was one problem after another: planning permissions, Road lay-by upgrades, police oversight of explosives, landscaping, endless share dilution. If all obstacles were in the past then the mine would be up and running at max output with a soaring share price.
But there always seems to be a new obstacle……
Typo, loans. Blooming mobile phones!
I was in ghus gof a while late last year but sold for a 30 odd % profit before recent drop. Set myself a re-entry price of 25p but recent expensive lions and backhanders plus constant delays had me wondering whether this is now more of lifestyle company for the directors so staying out until I see a better balancing of interests for ordinary shareholders.
I am a very long term supporter / investor here and it been quite a painful ride. It seems to be taking for ever to get to meaningful production despite numerous positive promises to the contrary - I’m a realist but it would be good hear views….
Last three messages on here read ""This message has been filtered, please adjust your filters to view":"
I advise all to use their filter if the last three posts are somehow NYMBY-ism or anti-Galantas. It has been the case on this board in many times.
Anyway.. Dilution at 36 cents (20.3p). 5.5m shares. Not great but very affordable given our Market Cap.
The good thing about this compared to those many more dodgy AIM miners is that there has not been a high volume spike. One of those pumped investment traps to attract the liquidity needed for those with issued shares to exit at a profit.
https://www.morningstar.co.uk/uk/news/AN_1677705311860455100/trading-updates-galantas-to-raise-gbp12-million-in-private-placement.aspx
https://www.facebook.com/photo/?fbid=186017197399744&set=a.153914257276705&__cft__[0]=AZXljUbdDCPfscPPO_D5fNz_5KbAuc434FsQxpusPugbaDli4TbLTV7oFSxJ2miBRnSahzOdpi1vVAC_g7HBjo7X2LxONklwnPccV_fibtL9-hBiiM_r4446bvxp4C-cpRb6rJ4GykJat58SBteFcEF7w0IhaLQ6SZvAxx7Bjnk7Ii2LKeQeD1yD9DDfnymOVNI&__tn__=EH-R
Locally theres rumor of mass redundancies at the Omagh site? Anyone heard anything?
Why are there issues recruiting?
Good update IMO. No BS. A mining plan by Q2 then we can assume that they'll be recruiting from to start production by year end.
A bit less than some of the previous levels of production under Phelps, however a definitive plan to get up to 20k a year should mean a prospective Market Cap above £50m compared to current £23m. lets hope the all important AISC is at a decent level.
Hi sd81.. probably. This is all I see :
"This message has been filtered, please adjust your filters to view"
Are you one of the discontented locals annoyed at having a mine on your doorstep by any chance.
"production to offset exploration"???
But the gates have been locked for the last week, nobody on site....
Agreed. Business model of using production to offset exploration was part of the attraction. Loans at 12% or giving away equity like in the Ocean deal needs justification. Supposed to have been producing (low) for over 6 months, how much cash has that brought in?
Stifano. the company should not be borrowing money !
The capacity before was for 12000 Oz per year. That's what the company should be producing now, and be putting each ounce through the the reports. Running out of investor good will if this keeps up.