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Thanks guys. TT do you know the MCap for dalradian when the 315m offer went public? I think we'd all be happy with a sale at 20m. I suspect that something is afoot, and Roland practically admitted they were in talks.
I wonder if galantas agreed the contents of that RNS as a condition for a sale. Perhaps Dalradian have the intention of making this a white knight rescue. Put the money required into GAL and tidy things up into a showcase. Would such a secret tactic be even legal? It would certainly make sense for all the players involved.
Thanks gavster. I'm no expert and haven't found a decent mine plan to confirm those calcs. Still, is feels so bloody odd that the RNS was so wrecking to a potential fantastic investment. They had done all the hard work and nothing (tho sub-optimal) had changed. So why suddenly give up and take the ball away. So close...
Yeah, I have seen the fb vid. Seems to me they never got far past the gate. Not impressed.
Still searching for meaning here. I smell fish.
For a bit of fun (sorely lacking here) I thought I'd calculate the length of the drivage they'd still need to do.
Formula is L=Sqroot(H^2+C^2), where H is the height of each twist (for us the height between levels, and C is the circumference, which for us is pillar diameter plus width of shaft (or 2x half shaft)
C= 24.5m
H is given thru the 1:6 grad = 24.5pi/6 = 12.82m
Thus, L = sqroot(12.82^2=(24.5pi)^2) = 78m per revolution.
We're on level 5 now so just 3x78 = 234m
Seems a strange place to stop after 2000m so far.
Feel free to point out what I missed. Show your working hahahah
TT I read the RNS over and over again. Watch the Proactive vid too. Seems to me not as negative as on first reading but the emphasis has shifted. They could have continued the drive based on current PSNI arrangements except they are burning cash too quickly. That's why they've stopped. I can't help wondering where to 2m from August has gone.
I meant continue the drive, of course. But if the 'bigger mine' case was true I guess he wouldn't be blaming the PSNI. Still confused but holding in hope. Does anyone see a reason to add at this price?
TotalTrader. So its plausible to you we hit an unexpected bonanza at level 5 - Higher grades, wider vein? It could explain a lot of the RNS. They realise that the mine is just to big for them to handle alone. Still can't understand why they'd just stop stopeing tho. Would have been better to crack on and do a fund raising off the back of a bullish RNS.
Yes Rockhead. My timing, as usual, was sublime haha. Wipes out my gains on SGZ but I didn't cry, at least.
Oh wow. GAl has been illiquid for weeks, even months. I hold 250k shares and just did a test trade to sell all and it was accepted no problem. Price 2.18p. Something fishy here. That RNS seemed deliberately negative. Roland is a major holder and was set to make a fortune. So close to the goal. Yet they talk down their prospects even to the point of a JV. Seems so odd.
The sluggishness of the police will be down to a person quite low in seniority. 'Computer says wait', sorta thing. Feels like tactics to me.
There are inconsistancies here. They can't go on because lack of INCREASED explosive. Yet they've been making pretty good progress so far. Almost as if they're trying to put pressure on politicians to sort it.
That's bad. Almost suspiciously bad. I think Roland is trying to get me to sell. hahaha. Oh dear.
I might add that 3 of those early buys yesterday were mine. Happy to be on board.
Good analysis here boys. I have just sold SGZ after a nice 100% profit and put the lot in GAL. It was a lesson the way SGZ ramped after the Daily Mail article. Shows how things can so quickly change.
I found the 01OCT post by TT to be in line with my thoughts. This could easily be a 5 bagger within 6 months, 10 bagger within a year or two and x20 if they get to 50koz per year. I have committed 10k GBP here which offers me something life-changing if it comes off. I'm happy for the share to stay quite for a while yet, since I'll add more at this price.
Stealth share flying under the radar.
Thank you for the replies gentlemen.
I specifically want the views of SGZ holders, that's why I ask here. I might add that I am a SGZ holder (GAL also).
Is the fb post the only reason? I viewed it and wasn't impressed, so that doesn't put me off at all.
Seems to be very similar to SGZ but 1/10th the MCAP. Opinions anyone?
Well this is a long term play for me and I appreciate there will be development costs for the next few years. Its just that the major share holders are directors and I would think they are not the sort of investors to bank on growth for a return on their investment.
I have a handful of explorers, midcap and near-producers and its the dividend paying miners that have seen best returns since gold headed north this year
My hope with SGZ is an early payment of dividends. This is based on the fact of NatLR and directors having such large stakes. How else would they get their money back. Any thoughts?