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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
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.
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.
Looking closely can just make it out....
https://youtu.be/uLahVJNnoZ4
https://mobile.twitter.com/Mario_Stifano/status/1395828979165061121
"The Company currently holds five exploration licences over an area of 548.9 km2."
As said exploration licences is vast.
Decent rise in Canada.
Already some great looking intercepts potentially stemming from (as posted 06/12/20 - "increased predictability due to understanding vein dilatance") them getting a better handle on dilatancy.
What proportion of viewers who actually fully understand all the detail discussed in this vid, I don't, I get the jist only but that means I can't fully independently verify so could be ..... . Recon some newly involved in gal are all over it tho and have plenty of advisors to which its their bread and butter.
https://youtu.be/Y0l7dNC5lq8
Then there's...
https://www.goldandinvestments.com/bank-of-england-provides-exemption-on-basel-iii-for-gold-trades-in-london/
Bottom line (simplistic view reiterated) for me is gold miner froth been wiped this year and bottom in for sector (?) (Ggp and omi bounces after nem, wpm breakout awaited), pog stayed high enough to be great for gal production and I think is heading much higher next year ready for commercial restart and increasing investor awareness of this little beaut, imo.
Added 5085 other day, seems well timed in hindsight.
AIMO ATB
It`s all very slowly coming together .
Outstanding
Our breakout should resume tomorrow.
Long may It continue.
Outstanding
lol, gal closed at 35p equivalent on tsx esterday.
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
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.
A break of 29c would be great .
And oodles of cobalt also might help a change of direction.
Outstanding