• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Gold Market
    Gold News
    Gold Stocks
    • Gold Market
    • Gold News
    • Gold Stocks

    Hallgarten & Company Initates Coverage on Galane Gold

    Investing News Network
    Nov. 19, 2014 11:23AM PST
    Gold Investing

    Hallgarten & Company LLC has initiated coverage on Galane Gold (TSXV:GG), which recently entered a gold prepayment agreement with Samsung Electronics.

    Hallgarten & Company LLC has initiated coverage on Galane Gold (TSXV:GG), which recently entered a gold prepayment agreement with Samsung Electronics. Christopher Ecclestone, who wrote the report, says, “It is interesting to note that the turnaround of the company has attracted such a big player in the form of Samsung, which is most definitely not a household name in the mining space. This is a massive vote of confidence and investors should expect to see the two acting in concert in the future on a broader scale”.

    Some highlights from the report:

    … A number of thoughts come to mind on this transaction. Firstly is that it is unprecedented to find a goldminer obtaining an end-user offtaker. We have not heard of any other cases. Secondly, Samsung have clearly done their due diligence before embarking on this arrangement and that in itself is somewhat of a badge of honour for Galane in having passed the test with Samsung. Thirdly, this appears to be an arrangement for the long term that might evolve in various ways, most probably as a “most favoured miner” status for Galane not just with regard to its current operation but also with future transactions.

    …At least Galane Gold does not suffer from the ubiquitous syndrome of this day and age which is lack of financing. All the expansions it has planned are very low capex and can be met from either the current cash pile or the cash flow from on-going operations.

    …The company does have the advantage that it is NOT one mega mine that is difficult to turn or stop like a super-tanker, thus if gold took a temporary reverse into unprofitable territory, Galane could freeze operations at little expense. Its cash cushion puts it in a very sound position.

    Click here to read the full report.

    galane goldtsxv:gg
    The Conversation (0)

    Go Deeper

    AI Powered
    Goldspot Discoveries AI-Targeted Drilling Discovers New Zone Containing 19.0m of 92.86 gpt Gold in Newfoundland, Canada

    Goldspot Discoveries AI-Targeted Drilling Discovers New Zone Containing 19.0m of 92.86 gpt Gold in Newfoundland, Canada

    ASX:ORE

    New Joe Lowry Interview, Same Story, #Lithium is HOT

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×