http://www.galahadgold.com/
http://www.northerndynastyminerals.com/ndm/Home.asp

Extracts From Chairmans statement in last finals of 10th FEB 04
---------------------------------------------------------------
The Group was formed on completion of a transaction in which the assets of
Shambhala Gold Limited and shares in Skaergaard Minerals Corporation were
acquired by Galahad Capital plc, a company quoted on the AIM market of the
London Stock Exchange. This transaction was announced on 29 October 2003 and
completed on 23 December 2003. The name was changed to Galahad Gold plc on
completion.

Galahad is now a sizeable mining and development company which has the potential
to benefit from opportunities in the precious metals resource sector. It remains
Galahad's aim to own properties with resources containing a total of at least
50m ounces of precious metals gold equivalent. To date Galahad has acquired two
mining projects:

•A 21.9% shareholding (33.25% on a fully diluted basis) in Northern
Dynasty Minerals Limited which has the right to acquire 100% of the Pebble
project in Alaska USA; and

•A 100% shareholding in Skaergaard Minerals Corporation, which owns the
Skaergaard project in Greenland.

Your board believes that the Skaergaard project provides a highly-leveraged
exposure to any increase in the price of gold, platinum and palladium and the
Pebble project provides similar exposure to any increase in the price of gold
and copper.

FINANCIAL YEAR HIGHLIGHTS

•The acquisition of Shambhala Gold Limited and shares in Skaergaard
Minerals Corporation was successfully completed.

•As part of this acquisition, Galahad Gold plc acquired a 21.9%
shareholding (33.25% fully diluted) in Northern Dynasty Minerals Limited, a
Canadian quoted company with an option over 100% of the Pebble project in
Alaska.

•Northern Dynasty Minerals Limited recently announced that the Pebble
project contained 26.5m ounces of gold and 16.5 billion pounds of copper,
making it the largest gold deposit in North America in terms of contained
gold and the second largest copper deposit in North America in terms of
contained copper.

•The successful 2003 development programme at the 100%-owned Skaergaard
deposit in Greenland.

http://www.galahadgold.com/ggp/projects/srk/SRKConsultingReport.pdf

Further highlights since 31 DEC 03 year end.

22 Jan 04 http://www.galahadgold.com/ggp/media/releases/2004-01-22/

29 Jan 04 GALAHAD GOLD PLC Skaergaard - results of 2003 drilling and plans for 2004

30 Jan 04 http://www.galahadgold.com/ggp/media/releases/2004-30-01/

09 Feb 04 http://www.galahadgold.com/ggp/media/releases/2004-02-18/

10 Feb 04 http://www.galahadgold.com/ggp/media/releases/2004-02-23/

11 Feb 04 GALAHAD GOLD PLC Placing by Northern Dynasty Minerals Limited

07 Apr 04 DYOR TODAY DIRECTORS BUY IN!!

Galahad Gold Plc
07 April 2004


Galahad Gold plc
('Galahad Gold' or the 'Company')

Director Shareholdings

The Company has been informed that certain Directors have acquired new ordinary
shares in the Company as part of the recent placing of new ordinary shares at
12p per share. Details of their placing participations and new shareholdings in
Galahad Gold are set out below:

Director No. of shares acquired in New Percentage of issued
the Placing shareholding share capital

Ian Watson 794,633 220,877,573 39.28%

Jim Slater 468,383 63,507,133 11.29%

Mark Slater 345,491 38,611,491 6.87%

Lord Wolfson
of Sunningdale 345,491 3,661,991 0.65%

http://www.axisto.com/bbcnbc/index.aspx?config=data/galahadgold/260204/config.xml

Interesting article all the same, Jameel. One would hope that commodities prices have now risen sufficiently to persuade management to come out of its shell. otherwise they might miss the high tide altogether.

PS Interestingly, although the current "Shares" mag's review of miners confirms the long, drawn-out timetable, it also points out the huge size of GLA's resources compared with other miners out there. The potential is huge, IMO, but I wouldn't be prepared to bet the bank on this one just yet.

Which mag is that? Soultrader.;..... what you mean 'wouldnt be prepared to bet the bank....'

PS I should have taken your line of buying UMN....regretting a little!

and though commodity prices have rocketed, i find it very hard to belive that at best there will not be a sharp correction, though the timing is now impossible to judge .... certainly prices cannot continue to go up and up ...... remember the dotcom bubble?

Jameel, Shares magazine is the mag produced by the people who own this website. Or do you mean which issue - it's the one dated 20-26th April.

By "not betting the bank" I mean not putting a large proportion of my wealth into the one stock.

I haven't bought UMN as I am concerned that it is too expensive right now and will do what most resources companies' shares do after IPO, which is to drop, drop and then drop some more. I may buy if it looks cheap enough one day (because part of my strategy involves trying to pick companies that look to be clearly undervalued), but I tend to think that pure uranium plays are limited because the deposits typically aren't big enough to create billion-pound companies and the ten- or twenty-baggers that I'd like to be investing in. Thus UMN would have to drop significantly to attract my attention. I may be wrong - any disagreements are welcome to be posted on the UMN thread I created yesterday.

soul trader. I looked at the companies u are in. It seems most of them have had their good times....other than BLR? I mean they sp's seemed to have appreciated over last 12 months

I wonder howmuch is already on the share price after the floatation of UraMIN where GLA had (17%) before the flotation,
a good rise on the 1st day of trading last Friday ...........

Daily Telegraph -- Market report - 22 Apr'06
By Yvette Essen

First day dealings began in UraMin, a mining company based in Namibia which has Sir Sam Jonah
as non-executive chairman. Sir Jonah is also executive chairman of oil and gas explorer Equator Exploration.
Shares were placed at 68p and closed at 92p.

The other stock with a good % holder NMD had a few good days lately with a rise of 6.9% last Friday and most likely looking for new highs soon by the way metal prices are going

Northern Dynasty Minerals Ltd -- TSX:NDM

--------- Intraday chart ----------------------------------- 2 month -------------------------------1 Year

Master

I made another post on the advfn forum (whodaman), in your fantasy portfolio for 2006, regarding GLA

Master RSI - thanks for the info, especially press..... You have a valid point re. UMN already in GLA's sp. But probably it was....but since umn has done really well at close, maybe there will be more in the tank for gla. see what happens this week! I am a holder of gla! so lets see

FWIW, Nickel news from today's FT.com:

Nickel rose 3.5 per cent to a record $20,000 a tonne as traders said that hedge funds were betting on disruptions to output from Incos Sudbury facility in Canada, where wage negotiations are ongoing and the current labour contract runs out in mid-May. Inco has also forecast a 10,000 tonne global nickel deficit this year compared to an 11,000 tonne surplus in 2005.

Just did a bit of a switch as I think that this is going to take a while to mature - sold half my holding at a modest profit and bought another chunk of RDG, whose price rise over the last few months has been fairly impressive.

Ouch! Results out today and the news is very mixed to say the least.

I am glad I sold all of my holding in GLA a couple of weeks ago. The Skaergaard write-off in today's results is a bit of a shocker!

I read in the results that "it is unlikely that production will commence at Pebble before 2012."

Malmbjerg (InterMoly) is also at least a couple of years away from the serious groundwork taking place, although the Pre-Feasibility Study is now underway.

I'm asking myself what GLA is planning to do for spending money, since they have little cash at present.

One plus point is that GLA's investments in other companies have appreciated considerably. Against this is the fact that these companies are also at early stages, plus the current uncertainty in the stock market.

As a current non-shareholder, this one is staying on my "watch and wait" list. The SP could get cheaper if we have a quiet summer and/or the current unsettled conditions persist and could alsotake a while to recover.

In the near term I would think that there is better value to be had elsewhere. I apologise for changing my mind, but a lot has changed in this company's prospects.

Still, WDIK, PDYOR, etc.

Strewth! Glad I at least managed to avoid this one! ..... Pal of mine was commending it to me a couple of months back ..... I recollect making and actually taking a small profit ..... What chance for this sort of stock, when quality gold shares like POG, and I am sure a bundle of SA mining stocks, take an absolute hammering.

Yup - my Ridge Mining is taking a walloping as well, although I'm not convinced it's entirely justified.

GLA will be a bargain one day. IMHO. Maybe.

Cluff Mining got a good comment in recent "Shares" mag - am watching it. SP down 25% in a month . . .

after last years shake out, this one appears to be bouncing back strongly, is that a golden cross i see two months ago...? seems to have strong momentum behind it...

BT, today's rise could be related to the fact that GLA has a stake in IMY (if memory serves), which has received a takeover bid.

Yes it's nearly wholly owned by GLA - odd then that the sp rise today is only 5% whilst IMY rose 50% - this may be the effect of punters buying an illiquid stock - better to buy GLA...glad I did, although I'm not at all sure about our Management - why did they sell-off another investment? Seems GLA is more willing to do Deals, rather than get the shovels out.