Galileo Resources Share Discussion Threads

[wstirrup] 01/2/2012 13:15

So... back over 40p... On someone's radar then...

W.

[wstirrup] 25/1/2012 15:05

Have I missed something? Or Auriferous, is that just your general opinion of him/her?

W

[wstirrup] 20/1/2012 13:13

The price seems to be heading lower... Perhaps we'll see 35p...

tbh... I have no way of estimating the value in the resources or the value in the company, so any purchase at these prices would be a sheer punt.

W.

[wstirrup] 20/1/2012 00:42

Nice update...re drilling results...

Not sure what Nb2O5 is used for, but it sounds good on the face of it.

W.

[wstirrup] 12/1/2012 11:49

Spoken like a true believer Jermaine...

Personally, the back-of-a-fag-packet numbers look salivatory!.

$35mill to put in the mill/refinery/flotation tanks/technical know-how, gets you... What was it? $8BILLION? In just the Rare earths to say nothing of the other lesser minerals, and a payback in less than 2years?



W.

[greenelf] 21/10/2011 15:02

Can't have any wall flowers in this business!

[jermaine77] 21/10/2011 14:48

I wouldn't trust him myself. Bit too promotional.

[greenelf] 21/10/2011 14:45

From the RNS today...
"We are wasting no time in assessing the
potential of this project and will continue with our partners aggressively to
acquire significant raw data in order to direct the project in the most
appropriate direction to add shareholder value in the shortest possible time."

Colin is an experienced and wily old bird. I reckon there is more rare earth's value than the conservative prime evaluation in the IPO doc.

[ashbox] 17/10/2011 10:16

A bit more on GLR

[11gp] 03/10/2011 13:51

Assets valued at £10m + £3m cash. Ds in at 23p.

Sp of 36p (mcap £25m) hyped up on near-term production potential.

[schrodingers_cat] 28/9/2011 08:38

Yup hugely overvalued IMO

£16m Mkt Cap with £3m cash raised

[schrodingers_cat] 28/9/2011 08:38

Is that price right ?

Would be massively overvalued at £20m Mkt Cap ?

[schrodingers_cat] 28/9/2011 08:31

Galileo Resources Plc"Galileo"

First Day of Dealings on AIM

The Company is pleased to announce that, with effect from 7.30am this morning,
the Company's Ordinary Shares have been admitted to trading on AIM.

The issued share capital is 70,700,040 Ordinary Shares of 5p each. The
Company's website is www.galileoresources.com.

Colin Bird, Chairman and CEO commented;

"Galileo Resources Plc is a South African based company with diverse assets in
the Cape and North West Province of South Africa. The flagship property is
Glenover Phosphate (Pty) Ltd. which has a history of Phosphate production but
is known to contain Rare Earths (REE). The REE discovered to date are contained
in Phosphate stockpiles which in themselves represent a mining de-risk
proposition. The company will undertake test work to design the optimum flow
sheet for the recovery of a REE oxide concentrate. Significant potential exists
for exploration of the various mineral types to expand the size of the
operation and to this end an exploration rig is on site and airborne
geophysical work has been undertaken.

Galileo Resources Plc also has an option to participate in the operation and
benefits of a quarry which is located close to major infrastructure projects in
North East Cape. In addition to this we have a number of well situated
exploration targets in the Iron Ore and Manganese regions in South Africa.

We have an excellent Board and Management Team who have strong commercial,
technical and operating experience in South Africa".

ENDS

For further information, please contact: Tel [phone]

Colin Bird

Chairman & CEO

Richard Wollenberg, Tel [phone]

Non-Executive Director

Beaumont Cornish Limited, Nominated Advisor Tel [phone]
and Broker

Roland Cornish

James Biddle