Galiano Gold Inc. provides mining services. It principally explores and develops gold fields. The company currently operates and manages the Asanko Gold Mine, located in Ghana , West Africa which is jointly owned with Gold Fields Ltd. Galiano Gold Inc., formerly known as Asanko Gold Inc., is based in VANCOUVER.
LETS TAKE A DEEP LOOK
They have actually just signed off on an additional $10.00m of explanation budget to deliver some additional economic ounces , great company good planning and enough cash to be able to give them the opportunity that they need .
$68.00m in cash at the end of Q2 with NO debt .
CEO McCunn Said: " I want to move myself from producing ounces to producing CASH , focusing on generate cashflow" .
Valuation :
The shares are trading at a P/E multiple of 7.24X, which is below their median of 9.86X over the past year. So the shares are undervalued.
using financial modeling to determine the fair value ( DCF EBITDA / P/E MULTIPLE / REVENUE MULTIPLE )
BEARISH CASE 1.72$
NORMAL CASE 1.86$
BULLISH CASE 2.01$
Using technical analysis ( Fibonacci Projection / EX. and ret.)
Summary NOW its a suitable entry take profit at 2.0 in short term .
LETS TAKE A DEEP LOOK
They have actually just signed off on an additional $10.00m of explanation budget to deliver some additional economic ounces , great company good planning and enough cash to be able to give them the opportunity that they need .
$68.00m in cash at the end of Q2 with NO debt .
CEO McCunn Said: " I want to move myself from producing ounces to producing CASH , focusing on generate cashflow" .
Valuation :
The shares are trading at a P/E multiple of 7.24X, which is below their median of 9.86X over the past year. So the shares are undervalued.
using financial modeling to determine the fair value ( DCF EBITDA / P/E MULTIPLE / REVENUE MULTIPLE )
BEARISH CASE 1.72$
NORMAL CASE 1.86$
BULLISH CASE 2.01$
Using technical analysis ( Fibonacci Projection / EX. and ret.)
Summary NOW its a suitable entry take profit at 2.0 in short term .