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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

Post by stockpunter2on Apr 13, 2024 3:38pm
65 Views
Post# 35987641

GAL

GALAs I recently pointed out, if you look at Stockwatch, you will see that a lot of trades are through non-TSX:V platforms.  I don't know what that means.  GAL is also listed on AIM (London) and OTC, so maybe those exchanges funnel though the non-TSX:V trading platforms?  For example, if someone from Britain was buying, those exchanges might offer some savings in fees or impact costs. 

In any case, I only have level 2 for TSX:V.  So, to be comparable, I posted the TSX:V level 2 and the TSX trade history a few minutes ago.  

This type of information is not compelling, but you can see that not many shares are available between 0.25 and 0.35, compared to the recent daily volume.  Also, some gaps.  So, one might expect a nice SP increase with any spike in POG or good company news.  Some people are selling GAL, but they don't want to have large good-for-a-month orders in case they wake up with a severe case of sellers regret. (look at level 2 for THX, by comparison)

The recent rise in SP of GAL could just be a result of the rising POG.  Possibly, there is also good news coming, too.  Since one would not expect geological news so soon after the recent company news releases, one might hope that any news would be about financing the restart of the mine.
GAL does not have much revenue so, of couse, they are losing money and the financial statements will suck.  The significance of GAL producing anything is that it shows they have a functioning plant.  That is why they claim they only need $12 million to get going.
Just my opinion.  I am no expert.  Good luck.
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