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Looking like a strong end to the week 🤞

I found this on the net “An updated NI 43-101 technical report typically takes 45 to 180 days to complete and file on SEDAR+ after the initial disclosure of material, depending on the complexity of the update. While minor updates might be faster, comprehensive revisions involving new mineral resource estimates often require several months for data compilation, QPs review, and report”

Stockpunter2, the CEO talks about this a little in this video just over 3 minutes in - https://galantas.com/investors/videos/

It seems quite a lot of work is needed to submit the NI43-101. I don’t see why we have any reason to think this anything more than would be required in these circumstances ordinarily.

From this post it appears Indiana is operational so it will be interesting to understand how much this is producing when the next operational update is provided by the company.

https://x.com/gold_galantas/status/2032072106087792992?s=46

Yes, Sprott is still invested - see https://galantas.com/corporate/directors-holdings/

Yes, capex should be relatively low and the CEO advised in his interview last month that finance would not be an issue and wouldn’t dilute shareholders

The focus is now clearly on the assets in Chile and this is where the company’s future lies and what will drive an increase in market cap and SP. If all goes to plan both of these assets will be producing in around 12 months and will produce 70-90,000 ozs in 2027. The Omagh project is now a side show and is barely worth a mention.

Take a look at PALM and LEX - both have amazing prospects and amazingly undervalued IMO. Newsflow over next quarter should trigger a re-rate of both, but obviously DYOR.

CSE listing should be in place within next 2 months

Whilst it’s a lot of fun at the moment (although a bit of distraction from my day job!) I’m not too concerned about the short term fluctuations. In my view within the next 12 months this could well have a £1MB market cap and that’s the reason I’m staying invested for a long while yet.

Indeed TSX trading was suspended pending approval of Andacollo acquisition as it is deemed material to the business. This is normal for TSX rules. Expect approval and TSX trading to recommence within next month.

The SP has settled nicely at this level for the past few hours. Will be interesting to see whether there is a further move forward at the end of the day as there was on Thursday and Friday.

Here we go again!

Exactly, and this could be a factor behind the price increase over the past week. TSX approval of the Andacollo acquisition will remove uncertainty and of course re-open trading in the share to the Canadian market which is very pro mining. Investors are perhaps getting in before the rush.

Really difficult to say what will happen on Monday although the fact on two consecutive days the price increased significantly in the last 30 minutes or so of trading I take as a very good sign. It signals clear support at these levels (if it wasn’t supported the price would fall near the end of the day as traders cashed in on their profits). I have a feeling we’ll see a further increase on Monday…I certainly hope so.

You just need a brokerage account. Bought mine that way.

Finishing the day nicely here

It’s been a fantastic run this week, and although unsurprisingly there has been a slight pull back from this morning’s highs, this still has plenty of scope for further increases to the SP. Well done to all who have been invested here.

And one of the most encouraging things is that the SP has increased by so much over the last 2-3 weeks with no news flow. Once that starts coming in then it could be even more 💥

I like days like today!!