Secondary Recommendation

Galantas Gold - Irish gold miner close to first production

June 2006

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Shares in Galantas Gold, which is dual listed on Canada’s TSX Venture Exchange and London’s AIM, have soared in anticipation of the fact that it will shortly become the first company to produce gold in Northern Ireland. The company owns a licence covering 189 sq. km of highly prospective geology in the counties of Tyrone and Fermanagh and it was the discovery of a mine at Kearney Vein, which is believed to hold nearly 447,500 ounces of gold, that sent the shares sharply higher. The exploration licence was originally owned by Rio Tinto but because of the then low gold price and turbulent political scene in the 1980s, it was deemed uneconomic and was eventually sold to Galantas in 1995. It initially had to grapple with ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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