China is on the horns of a dilemma with no good way out and is in no position to rescue the world economy like in 2008
I don't normally take broker research seriously but a) Galantas (GAL) operates in Ulster so I am biased in its favour and b) analyst Roger Bade at Whitman Howard is no fool. He reckons Galantas at 6p is worth 17.3p per share. The market cap today is £12 million but Bade explains why by 2020 the company could be generating £8 million of cashflow and by 2023 that could be £13 million and that is on uber-cautious gold price assumptions. The note (below) is very much worth a read.
In this video from the storming success that was the 2017 UK Investor Show, Roland Phelps of Galantas Gold (GAL) is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.
For shares of Galantas Gold (GAL) we can see a strong rebound in the RSI window off the extended February trend line, which offers an achievable share price target.
Galantas Gold is a stock which I have not looked at from a charting perspective for quite some time, but it would appear that in the interim the shares have managed to map out a decent base, and seem poised to deliver a decent run to the upside.
As foreshadowed here last month, imposingly-named Galantas Gold Corporation (GAL) is assembling finance for its Cavancaw underground gold project near Omagh in County Tyrone, Northern Ireland, and has raised an equity component through a C$2.4 million (£1.2 million) placing of ‘units’ at the equivalent of 6p, 80% of them taken up by celebrated Canadian mining tycoon Ross Beaty. The AIM-quoted company, steered by entrepreneurial chief executive officer and 25% shareholder Roland Phelps, has issued shares equivalent to a 14.9% stake to Beaty, chairman of Pan American Silver and Altera Power Corporation and prime mover in several other resource ventures, to help fund underground mining at Cavancaw.
Northern Ireland-focused Galantas Gold (GAL) is exploring ways of securing the near-£10 million it needs to launch underground gold mining in Co. Tyrone following the long-awaited grant of planning permission by the Department of the Environment in Belfast.
Want to drown your sorrows 24 hours before the General Election? Want to visit the food and drink bank for the investing classes, chat to a couple of fluffy PR birds and hear presentations by three PLCs? It is nothing to do with me as I shall be in Greece but if you are in London?
Roland Phelps, entrepreneurial chief executive officer of Galantas Gold (GAL), has more pressing issues before him than contemplating Chancellor Osborne’s Budget. He is waiting to learn whether the Northern Ireland administration will grant the company planning permission to build and operate an underground mine near Omagh in Co. Tyrone with the claimed potential to produce more than 30,000 oz. a year -- and maybe 50,000 oz. if all goes well.
AIM and TSX listed Galantas Gold (GAL) is, I am afraid to say, investment toast. At 1.375p it is capitalised at £3.54 million but calendar 2012 results out today make it clear as clear can be that a target price of 0.01p is generous.
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