Share Name Share Symbol Market Type Share ISIN Share Description
Galileo Resourc LSE:GLR London Ordinary Share GB00B115T142 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.55p 1.50p 1.60p 1.55p 1.55p 1.55p 105,000.00 07:30:40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.4 -0.3 - 3.01

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Date Time Title Posts
07/12/201602:06A 10 bagger from here2.00
05/12/201616:23Galileo Resources589.00
04/11/201414:45Galileo Resources - Phosphate & REE in Southern Africa69.00

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DateSubject
10/12/2016
08:20
Galileo Resourc Daily Update: Galileo Resourc is listed in the Mining sector of the London Stock Exchange with ticker GLR. The last closing price for Galileo Resourc was 1.55p.
Galileo Resourc has a 4 week average price of 1.67p and a 12 week average price of 1.50p.
The 1 year high share price is 2.03p while the 1 year low share price is currently 0.88p.
There are currently 194,252,721 shares in issue and the average daily traded volume is 389,521 shares. The market capitalisation of Galileo Resourc is £3,010,917.18.
10/10/2016
12:40
cyberbub: Well if people think that Colin will sell out before development, and we were to assume say 300M shares at that point and a sale value of say £60M based on a much-increased/solidified resource, then that could be 20p share price.All speculation at this point of course, but £3M market cap at the moment seems far too low.BAI
30/8/2016
10:08
jacobengel: Ryan.This maybe the case but bottom line it has a value to a potential new vendor of $4m which the market hasn't valued within its current share price. I expect this to change!
18/5/2015
12:43
someuwin: Galileo Resources has the gift of the Gabbs By Alastair Ford May 18 2015, 10:38am “There is a suspicion that this is a new Carlin Trend emerging,” says chairman Colin Bird of Galileo Resources (LON:GLR). For the avoidance of doubt the Carlin Trend is one of the most prolific gold producing regions of the world, situated in the heart of one of the world’s most friendly mining jurisdictions, Nevada, and in the past hundred years or so has accounted for more than 70mln ounces of gold. In the world of gold mining it is the place to be. So for Bird to say that Galileo is sitting on part of what might be the next Carlin Trend is no small claim. But in making it he has several things running in his favour. First, the Galileo property he’s referring to, Gabbs, already boasts over 1.6mln ounces of gold equivalent using a 0.4 gram per tonne cut off. And, as Bird noted early on in his own evaluation of the project, if the cut-off is lowered to 0.2 grams the head grade remains relatively unaffected but the overall resource goes up to nearly four million ounces. So there’s gold and plenty of it. And if the company’s acquisition of Gabbs hasn’t exactly lit a fire under its share price over the past year or so, though there’s plenty of time yet. “If it isn’t valuable today it will be tomorrow,” says Bird. And he’s right. The market may not be backing exploration with any real enthusiasm just at the minute, but there will come a time when a potential four million ounce gold resource will be just what the doctor ordered. Let’s back up a little as we ask: what does being part a trend say about the wider prospectivity? The answer to that is less concerned with Gabbs itself, but with the activities of another company working in the neighbourhood, Pilot Gold. The Carlin Trend lies some way to the north east of where Pilot and Galileo are both working on the south-western border of Nevada. The work Pilot is doing at its Kinsley Mountain project appears to have found something new, rather than an extension of the Carlin Trend. But, as Pilot says in its literature on Kinsley Mountain, the mineralisation there is “Carlin-style”. And when the Pilot team says something like that it’s worth sitting up and taking notice. The previous company they worked on was called Fronteer Gold. Fronteer worked up another “Carlin-style” project in Nevada and then sold it on to Newmont, the regional superpower, for US$2.3bn. Already Pilot Gold has been hitting some spectacular grades at Kinsley, and Bird has no doubt that in time the benefits of that work will accrue to Galileo too. “Just by proximity we’re in the right space,” says Bird. Specifically, Gabbs is just twelve kilometres away from Kinsley Mountain. But while work continues at Gabbs and indeed at Kinsley, Bird is also keeping his eye out for other deals. One such will be the sale of the company’s South African phosphate and rare earths project, which is now at stage where it needs serious capital spent on it. Of more long-term significance to Galileo shareholders though are likely to be Bird’s proposed forays into the copper space. Gabbs already boasts significant copper mineralisation as part of the larger gold equivalent resource. It also has a copper target on the Crow Springs property to the south of Gabbs. But he wants more. “I’m looking at a couple of things,” he says. “I’ve always been a copper bug. By 2030 we’ll need twice as much copper as we’ve got now.” Having said that, he’s also interested in relatively rapid returns. “I’m against the big porphyrys,” he says, citing six-or-seven year development horizons and low grades. Instead he’s interested in small tonnage operations with reasonable grades, running at around the 2% mark, and bigger near-surface systems. “Galileo is going to be copper, copper, copper,” Bird says enthusiastically. And if anyone should argue that now is not the time to be putting together a portfolio of exploration assets, Bird has the perfect rejoinder. “You can’t wait for the tide to turn,” he says. “If you hit the deck running when there is a change you can stand out from the crowd. I want to be there before it all starts.” Remember, this is the man who sold his last copper company, Kiwara, for upwards of US$200mln. Will he do it again? Well, you wouldn’t bet against it. http://www.proactiveinvestors.co.uk/companies/news/80449/galileo-resources-has-the-gift-of-the-gabbs-80449.html
07/1/2013
13:54
andrbea: Dec 17th Galileo Resources operating losses rise StockMarketWire.com Galileo Resources posts operating losses of £619,914 for the six months to the end of September - up from £550,932 a year ago. The loss for the period was £584,409 - up from £544,121 last time. The company said the flagship property Glenover was advanceing into preliminary economic assessment, with results due in the first quarter and it had acquired a 70% interest in Rare Earth International Limited. At 8:22am: (LON:GLR) share price was 0p at 29p
13/8/2012
12:47
wstirrup: I think Ol' CB is being strategic. If you begin to build a business based on a particular commodity or group of commodities, you need a pipeline of properties with the minerals perhaps to justify the immense investment in building a processing and production facility(ies). CB seems to be making sure that the company has a longer term future, before committing to building a processing/refining facility, and either importing the necessary skills or training locally. I'm guessing having a processing facility and the key skills to separate them out makes much more commercial sense if you have a piece of several large pies. (Eggs, baskets, Never put) rearrange these words into a well-known phrase or saying. The share price is telling the only story I need to listen to. W.
17/4/2012
10:36
dia43: Galileo reveals 'excellent' resource estimate at Glenover StockMarketWire.com Galileo has revealed a major independent mineral resource estimate for its Glenover rare earths joint venture project in the Limpopo Province of South Africa. The estimate - which was prepared by GeoConsult International - shows 28.93 million tonnes @ 1.24% total rare earth oxides +yttrium. Total gross in situ resource estimate in the 'indicated' categoryis 16.78 Mt@ 1.45% TREO+ Y2O3 (net attributable 7.42 Mt) of which the apatite-breccia facies hosts 7.41Mt@ 2.20% TREO+Y2O3 (net attributable 3.28 Mt). Chief executive Colin Bird said: "This excellent resource estimate result has demonstrated a substantial SAMREC (South African Code for Reporting of Exploration Results, Mineral Resources and Mineral Reserves) compliant indicated and inferred rare earth resource of 28.9 Mt. "Some 2.7 Mt of the inferred resource are contained in surface stockpiles and therefore are without mining risk. "The entire resource is around and below the old open pit and therefore will be relatively easy access and low cost to mine. "The current inferred tonnage and grade of 0.66% TREO+Y2O3, in the pyroxenite rocks is very encouraging and is leading the company to consider Glenover as a large-scale bulk mining project. "These results provide the company with immense confidence to advance the project to a preliminary economic assessment, for which bids are already being invited from leading engineering consultants." At 8:17am: (LON:GLR) share price was +2.5p at 39.5p Story provided by StockMarketWire.com 17th April 2012 Dealers reckon Galileo Resources, unchanged at 37p, deserves a closer look particularly after Rare Earths Global's spectacular performance since flotation two weeks ago. It raised £1.7million in December at 35p to help accelerate exploration for rare earth minerals at its Glenover project near Thabazimbi, South Africa. Word now is an inferred resource upgrade is in the pipeline and a re-rating of the stock should ensue. Read more: http://www.dailymail.co.uk/money/markets/article-2130735/MARKET-REPORT-Bid-talk-bolsters-comparison-site-Moneysupermarket-com.html#ixzz1sHdmQ0eJ
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