GAL

Galantas Gold Corporation

Basic Resources First-pass screen £175m

220/1000 Overall fit

AI beneficiary 35% 15

Operating leverage 25% 30

Valuation 25% 30

Downside protection 15% 15

First-pass take

Galantas is a pure-play gold miner with zero AI exposure. Production suspended throughout 2014 due to permitting delays and lower ore grades; revenue collapsed 99% YoY to £8k. No valuation data disclosed. Going concern risk flagged by auditors; working capital deficit £3.7m on £20k cash.

Flags

going-concernloss-makingcash-criticalno-valuation-datacyclicalsingle-assetregulatory-riskproduction-suspended