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

Morning Al.

:o)

Morning Hil. ;-)

-7% to open. Big volume last Tuesdat too - haven't had chance to look at anything, but today's move interesting.

Patience Rodders.

Can't get at last Tuesday's trades. ;-((

Galahad Gold

The 29/11/04 announcement of the discovery of a new area of extensive goldcopper-
molybdenum mineralisation to the east of the Pebble deposit is of
major significance. Labelled the East Zone, this new discovery area extends
well onto the Exploration Lands and may necessitate a rethink of current
Pebble mine development plans. It will also have financial ramifications as
additional drilling work will clearly be needed in 2005 thus far the discovery
rests on assay work from only 15 drill holes.

We estimate that on a fully diluted basis and using current metal prices each Galahad Gold share is backed up by over 19 of copper, platinum group metals and gold in the ground. A massive gap is logical versus the current share price: further share issues to finance mine developments will be vital; some resources will never be extracted and/or recovered; revenues will be many years distant; and considerable mine development risks remain. Nevertheless, the divergence between this 19 and the Galahad Gold share price is considerable. Moreover, the 19 ascribes no value to the Malmbjerg molybdenum deposit, or to the Skaergaard accessory minerals, or to the groups share of NDMs silver and molybdenum at Pebble in Alaska.

We maintain our one year target price range for Galahad Gold shares of
25p-30p. On a medium term basis the upside potential could vastly
exceed this if mine risks can be overcome.

It's one that could either fly or fall over, exploration shares,
whether they are for oil or mineral/metal deposits are
risky, but for what it's worth I've got a small holding of these,
they look promising and with these sometimes that's all there
really is to go on - apart from instinct.
:>)

UK smallcap opening - Galahad Gold up on Sunday Telegraph comment
AFX


LONDON (AFX) - Galahad Gold, where Jim Slater, the veteran stock picker, and Lord Wolfson, the founder of GUS, grace the board, edged up 3/4 to 11-1/2 after The Sunday Telegraph suggested to readers that, with the shares now well off their peak of 27-1/2 pence last February, now could be a good time to buy.

fjb/ak

SP is Up 9.3% so far this morning!

Moving nicely :>)

Got in this morning and hope to stay for the long term.

This is my selection for the "UPS" this week GLA

Share	Volume	Chart	News	Various
GLA price 11.675p	Picking up for the last couple days as share price is rising also	Share price rising from support, Indicators at oversold and going higher now, MACD on the turning	Has 3 projects with minerals on early stage: a 23.4% stake on NMD, ( a potencially very large copper-gold-molybdenum deposits on Alaska ) a 100% palladium and molybdenum both in Greenland, a 26% stake on Uranco of SA plus a 76% stake in InterMoly an AIM company	Its main shareholding NWD at its high for a while 9 1/2 month, house broker estimated the shares were worth 16.3p, based on the current valuation of mineral prices and Galahad's share with medium term target price of 35p to 40p for the shares

That is how the chart is looking at the moment

Well a further move up today with some good size trades on the way

Do we have to wait another year for more posts? ;)

zscrooge

It all depends on how mean you are to this thread.

A nice rise for the end of the day, with plenty of "T" trades done early (at the start of the day) , and a few large buys by the end

I'm reading the [GLA] Annual Report and notice that there are 6 million Options about to be qualify at 1p (Nov 2006) - does anyone have a view on this, I know Options are Win-Win and normally I avoid Co's where Directors are lathering themselves with Options.
/
Any views?

I don't mind the options if the management are delivering. Not sure that this can be said of GLA with the recent InterMoly delay. The thing that concerns me most is the considerable local reistance to the Pebble mine, led (financially at least) by a wealthy fund manager who has dwellings nearby:

http://www.bristolbayalliance.com

Does anyone have any perspective on this ? T.

RNS out today on Galahad's Malmbjerg/InterMoly Project - it appears that the delay has been reversed and an alternative found to the issue of the Pre Feasibility Study.

RNS:

International Molybdenum plans to evaluate open-pit method on Malmbjerg deposit
LONDON (AFX) - International Molybdenum PLC said it plans to evaluate a
potentially lower-cost open-pit method of developing the Malmbjerg molybdenum
project in eastern Greenland.

To evaluate the potential for open-pit mining, the group will undertaking a
comprehensive Pre Feasibility Study (PFS) which it intends to complete by the
fourth quarter of this year at a budgeted cost of 2 mln usd. The 2 mln usd will
be financed by existing resources and by drawing as needed on a 2 mln stg loan
provided by its majority shareholder Galahad Gold PLC.

On Feb 6, it announced a deferral of the original feasibility study for
underground development of the project.

The company hopes an open-pit development will result in a larger-scale
production, better recovery of the resource, an improved grade control, and
lower capital and operating costs.

'The open-pit concept with no need for a 10km underground tunnel and
potentially lower capital and operating costs bodes well for the future
development of Malmbjerg,' said chief executive Graham Mascall.

'Molybdenum's price outlook remains strong given the sustained demand from
rising global production of stainless steel,' he added.

Molybdenum is mainly used as an alloy in stainless steels and in alloy steels.


newsdesk@afxnews.com jc

And a heads-up for the near future, taken from RNS of 28 October 2005.

The company hopes soon to be announcing results of a scoping study at one of its major projects.

>> Galahad Gold Plc - Skaergaard Resource Estimate
RNS Number:2836T
Galahad Gold Plc

NEXT STEPS

Galahad is now proceeding to complete a scoping study for the project on the
basis of a 35,000 tones per day year-round underground mining operation that
would produce precious metals, magnetite and titanium concentrates, initially
from the from the Palladium Zone and subsequently from the Combined Zone.
Mining of the large widths available within the Combined Zone is expected to
result in low mining costs, comparable to those that would be achieved with open
pit mining. The concentrates produced at the site will be shipped to Iceland
for further processing. It is expected that the scoping study will be completed
by 31 March 2006. <<


My comments: The Skaergaard project is one of three major projects being assessed by Galahad.

Independent resource estimates are for 1.5 billion tonnes of resource material, with a value based on long-term prices of USD 52.94/tonne. That equates to some 45 billion of resources. GLA owns 100% of Skaergaard.

The InterMoly project at Malmbjerg estimates some 950 million lbs of Molybdenum to be in place. At price estimates of $6/lb, that works out to around 2.5 billion for GLA's 78% stake.

Finally, the Pebble projects in Alaska could be worth anywhere between 5 billion to 16 billion for GLA's 21% interest, depending upon prices and how much of the Pebble site is developed.

All of this suggests that GLA is currently very much undervalued. I shall be watching closely.

As always, PDYOR, IMO, etc.

Bought this morning at 10.05p. Looking forward to results of the Skaergaard scoping study, hopefully on or by 31st March as predicted.

Excitement!! Up 0.25p today, for no apparent reason, on turnover of 2.1 million shares.

SOUL TRADER: Alot of speculation around the AIM flotation of UraMin, in which GLA has approx 17% stake!!!!!! Speculation that this was near, but quite wierd, coz you would expect that to be formally released!

Nevertheless the flotation of UraMin looks to be eagerly awaited by the big boyz in City, if so it will have a natural positive impact on GLA. Im in GLA just recerntly happy to see some movement on Friday........ I think the dip in sp was a result of InterMoly and its re-pricing......

Equity REsearch conducted by GLA suggests sp value at 35-40p!!!!!!! So lets see!