Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Anyone apart from the share-bashers I have on filter ?
I don't bother reading their posts. "This message has been filtered, please adjust your filters to view"
Can you blame these 'anti-prosperity locals' for wanting to preserve the beautiful country that they live in? GAL to the south, DAL to the east, 25% of the land area in NI has had prospecting licences issued, 30% in the Republic. Risk of fracking on the horizon too within the same council region as GAL...
Do you believe they are really 'anti-prosperity'?
Perhaps it's just a different kind of prosperity that these folk enjoy. Prosperity from a rich landscape, family, nature and a general appreciation for what they have- not 'having what they want'.
You would do well to take a lesson from them.
Something up with my weekly news feed.
Anyone know why the drop ?
Oops that was from 2018... Dismissed anyway.
https://www.irishtimes.com/business/energy-and-resources/tyrone-gold-mine-extension-based-on-inaccurate-maps-court-hears-1.3393709
The share-bashers on this BB no doubt loving any element of doubt felt by the market.
This sounds like a technicality objection by the local, maybe a field in the distance was not on the map of the mining area, which was never going to be mined anyway..
so what has changed since 12th May 2020?
https://www.galantas.com/news/galantas-inks-commercial-blasting-arrangements/
or maybe its just a message we've heard before...
https://www.galantas.com/news/galantas-announces-scheduled-restart-of-processing-and-agreement-regarding-blasting/
"RM, you haven't lost yet." YET
RM, you haven't lost yet.
Indeed... why Larne? Sure the project could even start at Carrickfergus salt mine... already at 400m deep they'd clear the Beaufort Dyke, they've already got a a decline, and it's close to Belfast....
Hi laserbrain.
In order to get a loan and get the go ahead, IMO they'll need to show that the PSNI arrangement is solid and produce a proper BFS. They have the gold sales coming in to fund one. They may get some sort of grant as the mine would provide well needed employment, which would help greatly with the politics (we might even see the share bashers disappear) but that may entangle too much financially.
LOL- that was meant as a joke- but could actually be a plan.... follow the SW/NW gold bearing 'Omagh thrust' fault under the sea towards Scotland... dig the tunnel and let GAL keep the gold they find.
Wouldn't the best all round solution then be- divert the 5 people at Cavanacaw to Larne, and let them start the tunnel to Scotland? Everybody busy, everybody happy?
GAL could quite literally fall into its own hole tomorrow and the world wouldn't bat an eyelid.
something else just occurred to me. Given the UK situation and even the talk of a UK NI tunnel costing billions, can you imagine the terrible optics if GAL were allowed to fail. %0k pa, jobs, cheap debt, NI and EU ****e and they let a struggling gold miner go to ruin. I think it ain't gonna happen for 5mGBP
The only real issue is funding now. With that they should be able to get into production. The 4.5 million working capital deficit could bring the whole show down and that's reflected in the SP. But its a problem they've had for years and they keep managing to get funding. Also with the debt conversion in December it seems the support is still there.
GAL story of dilution and debt tho is nothing special in getting a mine up and running. With the POG where it is and the potential for 50k oz per year, seems like one of the few 10 bagger potential where the risks are known.
I wouldn't bank on any great change in promotion laserbrain. I've had money in GAL for over ten years and I remember only the one big spike up. I've just got used to the frustration in this red area of my portfolio. Even if the mining starts showing production levels increase I think the market will be slow to react. Mr Phelps doesn't seem to see any merit to acting like Pure Gold for example. the Share price would be more like 100p IMO.
One of the last cheap share in the AIM mining sector. They had a 1 million loan converted just in December and Melquart have been supporting the company so far. They will own a majority stake if they stump up (one last?) time to get into full production. May be argued that they're in too deep to back out now.
As for a JV, I don't think that;'s being considered now given the last RNS stated they're in talks for funding. Personally I think they'll get it. The PSNI issue was a major blow and the company have done very well to keep the show on the road in the interim and also get a thorny issue resolved.
My only gripe is they do so little to promote themselves. Hopefully that will change once blasting restarts.
Been keeping an eye / researching Galantas after a colleague highlighted them to me. Thinking of investing but I am concerned they will have to issue share to fund further developments causing further dilution but maybe JV is on cards? They seem willing to accept any help they can get. Any insight would be much appreciated, thanks.
Looks like things have gone full circle again...
Interesting concept though, money to be made every time GAL make the 'agreement on explosives escort' statement, sell off the shares when they peak, then buy them back a week later.... then wait a month, do it again.
automated buy/sell checks
what's with all the tiny trades?
You would think that... but the additional costs will eat into their profitability. Such controls on explosives are unheard of in any other country.
I think they'll get funding. No mention of sale or JV in recent rns and maelquart converted in dec. Therey're in too deep to back out now.
The debt is not significant seeing that we've come so fare at huge cost. I think they've done very well considering the size or the project and thw low ball from PSNI. I expect cash injection soon to bring us thru to commercial production.
Compared with SGZ and CGNR this is a steal.
Confidence in current 'mis' management will detract from interest in potential JVs, and I don't know how likely a sale would be given the current climate. The only real option would be for them to continue 'as is' for the time being, but this will require a lot of faith from the investors. If it works out, the pay back should be good, perhaps a sale might be more attractive if they start performing better- but in any case we will need to see positive results first.
Can investors tie up cash in this during the wait though? how long will the wait be? Wouldn't be my priority at this stage, there are easier fish.