Galileo Resources Share Discussion Threads

[gkp heros] 27/4/2016 07:22

Remover he sold his last copper property for $280 million and I expect he will do the same hereOnly $2 million market cap!!!

[gkp heros] 27/4/2016 07:16

Massive massive resource!!!

[gkp heros] 21/4/2016 15:21

Fair enough but Concordia is a little beauty!!!

[davethechef] 21/4/2016 15:15

Mixing it with Orogen Gold, who have F@@@@D-up for years & keep seeking new projects to distract attention from their original gold mine which was shelved years ago when gold was near historic highs. Not exactly encouraging!
Still, GLR looks to have an interesting range of projects and a miniscule market capital.
Similarly priced ORE, I wouldn't touch with a barge pole!!!

[gkp heros] 21/4/2016 14:27

Farm out news values GLR at much more than the market cap

[gkp heros] 21/4/2016 14:22

GLR is on move!!

[gkp heros] 21/4/2016 02:22

(ShareCast News) – Galileo Resources talked up its Concordia concession in South Africa's Northern Cape on Wednesday, having received results from independent ore-body modelling on the area's West Whyte's prospect.The results followed the initial modelling results on the Wheel Julia and Koeelkop prospects announced on 29 March.Whyte's West, situated on the south-eastern edge of the concession is one of five identified and drilled open pit prospects hosting potential bulk copper mineralised zones.The prospect was remodelled independently by Minxcon Consulting, which based the models on geological core logging and assays of 26 drill holes.Non-compliant results confirmed previous non-independent modelling, which identified what Galileo's board described as "significant potential".Whyte's West was modelled at 15.09 million tonnes, grading 0.54% copper at a 0.35% cut-off.At a 0.2% cut-off, the area modelled 34.62 million tonnes grading 0.39% copper."Again this is a pleasing result that confirms the Concordia area hosts significant copper potential," said Galileo chairman and CEO Colin Bird."The current work continues to demonstrate the propensity for the project to add to what is already known in the area. The project remains on fast track to model an initial mine concept and thereafter direct our work to confirming and expanding the model."Galileo's board confirmed modelling and optimisation was continuing on other prospects within the concession, and on identifying key trends and structures driving the mineralisation.

[gkp heros] 19/4/2016 14:50

Copper prices rise, reversing earlier losses triggered by oilby Pratima Desai, 18 April 2016, 19:34Picture: ISTOCKPicture: ISTOCK'Copper wasn't hammered like oil and stocks earlier today, that's a positive sign,' a copper trader saysShare Article: LONDON - Copper prices rose on Monday, reversing earlier losses as funds bought base metals on the back of a weaker dollar and offset the selling triggered by tumbling oil and global equities.Benchmark copper on the London Metal Exchange ended up 0.4% at $4,827 a ton from an earlier session low of $4,758."Copper wasn't hammered like oil and stocks earlier today, that's a positive sign," a copper trader said.A lower US currency makes dollar-denominated metals cheaper for non-US firms; a relationship used by funds to generate buy and sell signals from numerical models.Lack of an agreement to freeze oil output after a meeting of major crude exporters in Qatar at the weekend hit oil prices and undermined investor confidence in equity markets."The market looks robust in the face of the oil market," said Commerzbank analyst Eugen Weinberg. "Confirmation of stronger demand going forward and sluggish supply will help prices stabilise." Heavy rains in Chile, prompting Anglo American and state-owned producer Codelco to suspend operations temporarily at two copper mines with combined annual capacity of 880,000 tons, are supporting prices for now.However, the stoppages would have to be prolonged and spread to other parts of Chile for supplies to be severely curtailed.Prices of copper, used widely in power and construction, rose more than 3% last week on expectations of stronger demand after encouraging Chinese industrial production, loans and investment data.Copper's response remained muted, however, with Barclays attributing that partly to concern that the recent turn in Chinese data is ultimately unsustainable and that a repeat of 2015 will occur, with a stabilisation in the first half giving way to weaker demand in the second half.

[gkp heros] 16/4/2016 22:41

Colin bird so his last copper project to first quantum for £270 million and is likely to do it again!!!I wouldn't bet against him not is he going to sell Concordia to the Chinese?? And that's not the only Chinese company apparently in the hunt for new projects. With the same report also noting that China Molybdenum Company is similarly seeking global copper assets for purchase.All of which suggests that interest in copper is stronger than many investors believe right now. And we could see some big purchases coming - both in physical metal and in mines and development projects.

[l2e] 15/4/2016 11:51

Has it gone back to sleep, no volume need buyers please?

[gkp heros] 13/4/2016 14:03

This sleeping giant is waking up

[gkp heros] 13/4/2016 13:58

Mm's are playing games here watch the bounce

[l2e] 13/4/2016 13:36

Bit annoying with the usual after news drop style...onwards and upwards. Gla

[mick113] 13/4/2016 10:43

Break of 1.30p, will reach 2p easy!

[mick113] 13/4/2016 10:22

Good news again!
Will be much higher!

[nick rubens] 13/4/2016 10:06

This could well be the next ARS type growth company from this level.

[l2e] 13/4/2016 09:50

a buy. And on it goes again..v interesting. Excitement about to build

[gkp heros] 12/4/2016 22:41

There was 500k trade which I think was a sell not sure if the two are related though. It was after hours also so not sure if someone had a 500k buy order open at 1.20pps and mm's decided to fill it last minute. Doubt we will know for sure. Anyway a lot of buys today here's for more of the same tomorrow UK investor Show

[mick113] 12/4/2016 13:10

Ticking up nicely! Huge asset And massively undervalued!

[l2e] 12/4/2016 12:48

Bought here could not wait any Longer, not easy with small supply of stock, looks v good for a move north akin to recent stable mates ars krs etc...wide spread small supply stock.. Expecting much higher

[mick113] 12/4/2016 11:28

Nice move up! More in the afternoon and this could climb to 2p easily IMHO.

[gkp heros] 12/4/2016 09:37

On the move now!