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Galantas Gold Corporation (QX)

Galantas Gold Corporation (QX) (GALKF)

0.11
0.00
(0.00%)
Closed July 26 4:00PM

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Key stats and details

Current Price
0.11
Bid
0.0945
Ask
0.25
Volume
10,000
0.11 Day's Range 0.11
0.079 52 Week Range 0.2575
Market Cap
Previous Close
0.11
Open
0.11
Last Trade
500
@
0.11
Last Trade Time
Financial Volume
$ 1,100
VWAP
0.11
Average Volume (3m)
53,348
Shares Outstanding
114,535,293
Dividend Yield
-
PE Ratio
-1.87
Earnings Per Share (EPS)
-0.07
Revenue
-
Net Profit
-8.57M

About Galantas Gold Corporation (QX)

Sector
Gold Ores
Industry
Gold Ores
Headquarters
Toronto, Ontario, Can
Founded
1970
Galantas Gold Corporation (QX) is listed in the Gold Ores sector of the OTCMarkets with ticker GALKF. The last closing price for Galantas Gold (QX) was $0.11. Over the last year, Galantas Gold (QX) shares have traded in a share price range of $ 0.079 to $ 0.2575.

Galantas Gold (QX) currently has 114,535,293 shares outstanding. The market capitalization of Galantas Gold (QX) is $12.60 million. Galantas Gold (QX) has a price to earnings ratio (PE ratio) of -1.87.

GALKF Latest News

No news to show yet.
PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.0035-3.083700440530.11350.1140.1306200.10508271CS
40.017318.66235167210.09270.1470.0927305710.10988762CS
12-0.025-18.51851851850.1350.17440.0927533480.12729048CS
26-0.01-8.333333333330.120.18450.079525740.13316539CS
52-0.112025-50.45602972640.2220250.25750.079427290.15042414CS
156-0.5362-82.97740637570.64620.6480.079456240.29884119CS
2600.0621129.6450939460.04790.7780.0019413080.28812364CS

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GALKF Discussion

View Posts
Oleblue Oleblue 1 year ago
Looks like we may be putting in a bottom.
A presentation today on Virtual Investors Conference.

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Longer Than Most Longer Than Most 1 year ago
Buy this dip. Let’s hope gap filled at .365 on GAL
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bbr391 bbr391 3 years ago
Looks like the uptrend may about to resume.

Best of
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bbr391 bbr391 3 years ago
Keep a hold this ride has quite a way to go .

Best of
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bbr391 bbr391 3 years ago
At long last Investment and an uptrend .
This could treble from here .
I should hope good news will continually drive this up to dollars rather than cents.

BUY

Best of
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Renee Renee 4 years ago
GALKF: effective April 17,2020 a one for 10 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
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OTCRIDER OTCRIDER 8 years ago

News



10/06/16

Galantas closes over-subscribed private placement and share for debt exchange.


View


27/05/16

Galantas announces over-subscribed private placement


View


24/05/16

Galantas reports results for Quarter 1 2016


View


11/05/16

Galantas announces a proposed private placement and shares for debt exchange


View


20/04/16

Galantas reports results for year ended December 31, 2015


View


04/03/16

Galantas updates on judicial review of planning consent
http://www.galantas.com/news/

http://www.galantas.com/
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Renee Renee 10 years ago
GALKF one for 5 reverse split:

http://www.otcbb.com/asp/dailylist_detail.asp?d=04/11/2014&mkt_ctg=NON-OTCBB
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downthehatch downthehatch 11 years ago
Big price spike this afternoon, looks like all the buying is from one buyer-- firm in Canada: Macquairie Private Wealth Management in Toronto.

Any news or pending news that might account for this buying?
It's up like 100% today!
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eom7 eom7 11 years ago
Moving in the right direction finally...
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eom7 eom7 11 years ago
Finally!
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downthehatch downthehatch 11 years ago
Huge trading in GALKF on London Exchange today-- over 5.5 million shares- about what trades in a month of ordinary activity!

GALKF trading in London
(symbol is GAL on London and TMX exchanges)
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downthehatch downthehatch 11 years ago
Now up about 300%! go GALKF!
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downthehatch downthehatch 11 years ago
GALKF up 250% on news!!! NICE
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downthehatch downthehatch 11 years ago
News: Galantas Drills 2.8 Metres High Grade Gold on Joshua Vein

Galantas Drilling News

GALKF up on big spike in volume!!
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downthehatch downthehatch 11 years ago
GALANTAS GOLD PR on Environmental reports:

GALANTAS GOLD PR
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downthehatch downthehatch 11 years ago
NEWS:
MINING: Galantas Gold CORPORATION (LON:GAL, CVE:GAL)

FROM YESTERDAY: ENVIRONMENTAL STUDY RESULTS: NO RISK OF ACID DRAINAGE

Galantas Gold Corporation has received the results of the two additional environmental studies conducted on the Omagh Gold Mine.
The first of these studies proves that the country rock at the mine is not acid forming and some of the rocks are potentially acid neutralising, consistent with earlier studies.
The second study, a Northern Ireland environment Agency (NIEA) water study has confirmed that the mine is fully compliant with all its water outlet requirements.
Shares were up 9% yesterday on the back of this positive announcement.



NORTHLAND UK VIEW: The completion of these additional environmental reports is an important step forward for Galantas Gold Corp. The study on the acidity of the country rock means that allegations made by two Omagh residents regarding the rocks likely impact on the environment from acid mine drainage and the use of the A5 road, are incorrect. These results will now be submitted with other existing environmental evidence to Minister Kennedy of the Department for Regional Development, responsible for the Road Service agency and who will determine whether to approve the A5 road scheme, allowing the Company to transport waste rock off site. This is key in allowing the Company to recommence open pit operations at the mine, and is also likely to be important for the underground mine planning consent.

Source: Northland UK
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downthehatch downthehatch 11 years ago
Press Release of June 12 shows an increase in Measured and Indicated Gold reserves of 50%!
Galantas Updated Resource Estimate

One would think, in a rational market, that such a release would be a positive fort the stock, and might even lead to a bit of price appreciation!
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downthehatch downthehatch 11 years ago
Someone in Canada buying as Q4/ Annual financials are due.
370,000 bought already.

Does someone up there know something?? or just making a an educated bet.
Either way, GALKF looks very inexpensive, for a producing, profitable gold miner. Even in a depressed junior mining sector, it still looks cheap.

Holding...
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downthehatch downthehatch 12 years ago
Another Drilling report:


GALANTAS GOLD CORPORATION

TSXV and AIM: Stock Symbol - 'GAL'

GALANTAS DRILLS 2.4 METRES HIGH GRADE GOLD ON JOSHUA VEIN

Date : 8th January 2013. Galantas Gold Corporation (the 'Company'), the AIM and TSXV quoted gold producer and explorer with a 100% interest in Ireland's only operating gold mine, has received core drilling results from its Omagh Gold Property, near Omagh, County Tyrone, Northern Ireland.

Ten cores were drilled on the Joshua vein. The results, which are tabulated below, include a high-grade intersection of 23.6 g/t (grammes per tonne) gold with 38 g/t silver, over a true width of 2.4 metres, at a vertical depth of 51.4 metres and which included a 0.8m section reported at 64 g/t gold.

The cores reported 13 significant mineralised intersects. Intersects above cut-off grade (*as assessed within the Howe Technical Report detailed below), average a true width of 1.1m, 12.6 g/t gold, 25.6 g/t silver and 1.5% lead. Vertical depths range from 50 metres to 91 metres. The average sample grade (width weighted) of all intersects (including those below cut-off) was 8.6 g/t gold at average true width of 0.8m.



The Joshua vein is, so far, known to extend over 836 metres along strike. The southern-most of the Joshua cores so far reported appear to confirm two vein structures. Good gold accumulation (width and grade) has been discovered within 80m of the southern freehold property boundary (cores 12-122 and 12-134). Three cores reported herein (12-131, 12-140 and 12-136), show a reduction of width and gold grade near to the freehold boundary, below cut-off grade.



The current geological model indicates a high gold accumulation to occur along an approximate 325 metre southern strike length. To the north lies an approximate 90 metre strike length of apparently lower gold accumulation. Further north, the vein system is similar to the south in that it is comprised of two vein structures. Two shallow drill holes situated near the northern freehold boundary appeared to indicate a vein thinning in that area. However, the latest results have shown improved grades and widths in this part of the vein system, with core 12-95 reporting 7.40g/t gold over a true width of 1m at a vertical depth of 91.4m. A second shallower intercept was reported in the same core, giving 7.0g/t gold over 0.6m true width at a depth of 73.3m. An earlier reported core (11-101A,11th June 2012), some 30m to the south, reported 7.5g/t gold over 1.5m true width at 65 m vertical depth and 5.4 g/t gold over 0.9m true width at 74.7m vertical depth. Other cores previously reported (11-88 and 11-91, 5th April 2012) extend improved grades south-wards.



A total of 2,336.9 metres has been core drilled during the fourth quarter of 2012. This brings the total number of metres drilled, since the beginning of the 15,000 metre program, to 16,346.9m and completes that phase on target. Drilling continues using the company's own CS14 core drilling rig, manned by in-house drillers. Up to a further 1600 metres of drilling are planned in the short-term, extending the program to 18,000 metres, following up the high gold intersect reported today. When the remaining results are received, the company expects to arrange an independent re-assessment of resources to Canadian National Instrument 43-101 standard. The re-assessment will be timed to enable the follow up cores to be included. The majority of the program has targeted potential measured and indicated categories of resource, since active discussions with a major lender has shown that these categories are necessary to meet the lender's requirements.



The samples were taken by geological staff under the supervision of R. Phelps C.Eng MIMMM, (President & CEO, Galantas Gold Corporation), the Qualified Person for the program under NI 43-101 and who is also a "Qualified Person" as defined in the Note for Mining Oil & Gas Companies, June 2009, of the London Stock Exchange. Sampling methodology, security & verification followed standard procedures previously detailed on April 5th 2006 and the samples were analysed (gold by fire assay and other metals by ICP-ORE) at OMAC Laboratory Ltd (an independent, ISO 17025 laboratory) of Galway, Ireland. The core drilling methodology was that as described on 15th September 2011.



Mr. Phelps commented, "The latest excellent drilling results include the best result so far on Joshua Vein - possibly the best on the whole Galantas Northern Ireland gold license - so far. Further assays will be reported when received and are expected over the next 8-10 weeks. "



*The Technical Report on the Omagh Gold Project, Counties Tyrone and Fermanagh, Northern Ireland by ACA Howe International Ltd (UK) is available on the Company's website at http://www.galantas.com/operations/ and at www.sedar.com .
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downthehatch downthehatch 12 years ago
Drilling Report-- Excellent Results!!
25-9-2012 GALKF Drilling Report
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downthehatch downthehatch 12 years ago
Warrants at .10 extended for 1 year, from July 2012, to July 2013.
Story:
Galantas Warrants extended
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downthehatch downthehatch 12 years ago
Hahaha--- I don't think July 4 is a big holiday in Ireland, or London, where most of the trading in Galantas happens.

And the release didn't seem to have much impact over there, either!
Go figure.

Junior miners are just still out of favor, I think is the bigger problem.
Not sure why, but that's just how it is. If I knew why markets do what they do, I could have retired years ago.
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eom7 eom7 12 years ago
Why would you ever release the 43-101 on the week of July 4th??? That is just ridiculous... someone needs to get these guys to re-release that PR!!!!
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downthehatch downthehatch 12 years ago
Updated 43-101 out today:
Galantas 43-101, July 3, 2012

Comments from CEO:
Roland Phelps, President & CEO, Galantas Gold Corporation commented, "The Preliminary Economic Assessment, which shows high Internal Rates of Return and low cash cost of production, in a politically stable jurisdiction, confirms our confidence in the Omagh property. We expect to continue to further invest in drilling and infra-structure, moving to a more detailed feasibility with the goal of establishing an underground operation around a target production of 50,000 ounces per year of gold in concentrate.

Discussions have already been initiated with potential lenders to gauge interest in financing opportunities based on debt, with encouraging results.

A further report is scheduled after the 15,000 metre drilling program is complete. Our permitting application for an underground mine, with accompanying Environmental Impact assessment, is now complete and expected to be filed in the week commencing 2nd July 2012."
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IPO$ IPO$ 12 years ago
what is SMS?
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downthehatch downthehatch 12 years ago
GALKF Website and recent Financials
Meanwhile here is a link to their website, and to the most recent financials:

GALKF WEBSITE

2012 Q1 Financials

2011 Audited Annual Financials

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downthehatch downthehatch 12 years ago
iBox updated-- thanks for the nudge!
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downthehatch downthehatch 12 years ago
Absolutely- and Galantas GALKF is doing very well- I simply have not updated it recently. Check SMS of the news posts in he postings!
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IPO$ IPO$ 12 years ago
Intro is 2 years old. Are they still operating?
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eom7 eom7 12 years ago
Any guess when we get the updated 43-101?
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downthehatch downthehatch 12 years ago
More good news--
http://news.morningstar.com/all/acquire-news/ff80808137790d1a0137dbaa31047149/galantas-announces-exercise-of-warrants-and-repayment-of-loan.aspx

So, a big investor, with lots of experience in mining shares, exercises warrants to buy another 20 million shares of GAL / GALKF at .10 Canadian, when the shares are trading on the open market at about .07 Cd.

The shares did trade up a bit, both in London and in Toronto, but still trading at a pretty steep discount to what Kenglo paid.
Helps the balance company sheet, because it extinguishes a big debt, at a discount.

Stock is still a buy. A good hedge against future inflation.
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eom7 eom7 12 years ago
Nice news...no one cares! lol
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downthehatch downthehatch 12 years ago
First Quarter results:

GALKF Q1 results

Slightly disappointing numbers, but clearly, the company is committed to dramatically increased production, and apparently is generating enough cash to finance much of the expansion. That's unusual for a small, junior mining company.
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eom7 eom7 12 years ago
Not the 1st Q I was looking for! This should help though:

The Company reported during the quarter that it had appointed ACA Howe International Ltd to prepare an Interim Resource for the Omagh Gold Project to Canadian National Instrument (NI) 43-101 standard. The report will estimate mineral resources and will comment on the Company's Underground Mining Scoping Study. The report was expected to be published by the end of May but the Company now expects it by mid June 2012.
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eom7 eom7 12 years ago
Hope your right!
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downthehatch downthehatch 12 years ago
They are generating lots of cash, plenty to pay for expanding production. Nice to see this in a mine at this stage.... will greatly reduce dilution going forward, and we'll soon be well past .01 per share in annual revenue.

They should be able to ramp up nicely in 2012! And with the price of gold staying well above the average for 2011, they will likely end the year at .02/share or better. For a junior god miner, to be trading at about 8x earnings--- its CHEAP!!
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eom7 eom7 12 years ago
.0069 EPS - not bad! I was really hoping for .01 though
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downthehatch downthehatch 12 years ago
Forgot to mention this item from the final results:
Cash generated from operating activities after changes in non-cash working capital
2011
$3,339,617
2010
$1,183,905
change:
182.1%
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downthehatch downthehatch 12 years ago
Final Results:
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11176410

Nice news:
2011 compared to 2012:
Revenue +38.9%
Costs +20.5%
Net Income +114.7%

Cash on hand +59.3%

Great results-- more to come!!!
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eom7 eom7 12 years ago
Mr. Phelps commented, "The drilling and channel sampling results received from the Omagh property continue to exceed expectations. We've an aggressive drilling program, with six rigs at work. An Independent Interim Resource Statement is in preparation and expected to be ready by the end of May. Results from the continuing drilling program will carry forward to an updated assessment expected at the end of 2012. The planning for an underground mine is progressing well, with consultants reports regarding the Environmental Impact Assessment anticipated within a month."
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eom7 eom7 12 years ago
.09 X.095!
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downthehatch downthehatch 12 years ago
Sweet!
Nice annual results on the way-- maybe an announcement about higher production or reserves?
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eom7 eom7 12 years ago
085 x .09 - big early volume, big bid!
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downthehatch downthehatch 12 years ago
Last trade up 10% on the London AIM exchange today!
Do you ever check that--- it's interesting to watch, and often gives an indication of where the price on the TMX is going (where U.S. trades are executed)
http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary.html?fourWayKey=CA36315W1032GBGBXAIM

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eom7 eom7 12 years ago
.08 x .085 - highest bid I've seen in a long time!
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eom7 eom7 12 years ago
Holy cow... that was a year ago.... Yikes! lol
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downthehatch downthehatch 12 years ago
Last year they filed on April 19, but I believe last year was a special case, where more time was allowed due to the change in accounting rules that took effect for the reports filed after December 31, 2010.
According to what I know, the annual audited financial statement is due 90 days after the end of the fiscal year, which would mean it is due at any time now.
Should be a good one!!
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eom7 eom7 12 years ago
When is the K due? TIA
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downthehatch downthehatch 12 years ago
Let's hope so---- this stock is way overdue for a run up past its previous highs around .10- .11

It really should be trading at about twice its current level... just to be UNDERVALUED!

Maybe the 10K, showing that the company has had a third year of profitability, with growing production, growing revenues and growing profits, will convince investors that this is for real.

They continue to execute as promised, and are on path to dramatically ramp up production.


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