Galantas Gold Share Price (GAL)

So what is the problem? They've got the permits, they've got the people they've got the resource.... or do they?

All the ducks are lined up, ready for the 'golden shot', but fail after fail. Maybe curveball, but what if.... the best days are over, what if there is no gold? More dilution, more placements... pyramids????

In order to do anything with them, he has to come up with some sort of story or event, whether it be real actual mining or a takeover rumour as examples, to get some volume and liquidity and tempt gullible investors to buy into a rise.

I can't see it happening.

If he had developed the mine in the last two years, it would be producing by now and the SP would have rocketed upwards gaining proper investment with the current POG . Being pigs with snouts in the current trough will never come close to the money they could have made by actually developing the mine.

Please call him out. Tempted to go myself.

Stifano receiving a million options for doing nothing is disgusting. They raised the money to get into production over 2 years ago and still no production or even mention of it. I will be calling Stifano out at the AGM!

What a sham. For me these accounts read that Stifano is rinsing out all the money into his and his mates pockets and doing absolutely nothing to get any sort of mining operation except the small scale operation breaking up existing ore, which was there from Phelp's time. Remember Phelps left Stifano a complete feasibility study for the underground mine, the cash raised was supposed to get the gold out, but it's become just a trough for the pigs to feed from.

Look at the accounts :

General administrative expenses in 2023 were $4,243,507 and in 2022, $5,401,289

Cost and expenses of operations in 2023 were $182,295 and in 2022, $284,262

Just let that sink in... To anyone who has GAL on their watchlist, my advice, never invest or buy shares here !

For holders like me, IMO there will never be a gold mine here, so where is the spike ?

There has to be some sort of spike with volume for shareholders to sell and get their money back or even make a profit, ie GAL is due a classic AIM share mining company pump and dump. We've all see them.

So far there is nothing to suggest anyone would want to invest here, no rumours, no pump.. Yet.

For me the only speculation is whether to wait for a pump&dump to exit, or sell out now.

How is he going to get a spike going ? Is it possible to do without actually spending some money on some real mining which will need more funding ?

Cheers all and GL

This is all just my own opinion.

They are spending plenty of cash without any production. The update today is awful, no light at the end of the tunnel. Fire Stifano and hire a CEO that can get this dog into production.