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Galantas Gold Corp V.GAL

Alternate Symbol(s):  GALKF

Galantas Gold Corporation is a Canada-based company, which is operating and expanding gold production and resources at the Omagh Project in Northern Ireland, and exploring the Gairloch Project hosting the Kerry Road gold-bearing volcanogenic massive sulfide (VMS) deposit in Scotland. The Company's projects include Omagh Project and Gairloch Project. The Omagh Project is situated within an approximately 189 square kilometer (km2) license area, which lies 1.5 hours drive west of Belfast, in Northern Ireland. The Company holds approximately seven exploration licenses over an area of around 596.7 km2. The Company holds exploration and developments rights to the Gairloch Project, an approximately 217 km2 mineral license area in Scotland that covers the Gairloch Schist Belt. VMS deposits are major sources of zinc, copper, lead, silver and gold. They often form in clusters in areas of ancient underwater volcanic activity. Its subsidiary is Cavanacaw Corporation.


TSXV:GAL - Post by User

Bullboard Posts
Comment by Gold_Bullionon Nov 22, 2018 8:01pm
49 Views
Post# 29012074

RE:RE:RE:RE:RE:Judgement: Friday, Nov. 23

RE:RE:RE:RE:RE:Judgement: Friday, Nov. 23I also didnt think they knew the decision was coming out. Like the last judicial review decision: The court announced that they would release the decision a couple of days prior. They must have been working on getting more funding to continue underground advancement. No bank would lend funds for underground construction without the judicial review appeal out of the way, unfortunately. I believe the interested party is Orion Mine Finance / Osisko (now owners of Dalradian). They probably want to consolidate the district and use the Galantas Mill (Maybe expand it) as it could save them many years of tough permitting as we've seen here in the Northern Ireland jurisdiction. Ross Beaty invests typically for big gains (10x +).  I dont see him agreeing to a buyout unless its a 200+ million one (maybe more).  Same with the CEO. If they get a favourable decision, then they will have the upper hand in setting an acceptable price - there's no rush. They just finished a brutal permitting process. In the meantime, they will prove the millions of oz in the ground at Omagh and continue increasing production. Dont forget, the Market Cap will run when the gold price goes back up. $1220/oz is a joke.  This is a 10bagger play, but will need a good decision tomorrow morning for starters.  
Bullboard Posts