Galileo Resources Share Discussion Threads

[texaschaser] 05/4/2024 17:55

5% worth $2.5m

[texaschaser] 05/4/2024 09:24

At 9000 for Cu the JORC for Luansobe open pit gives an in ground value of around 50 million dollars. What is a realistic sale price after deducting mining constants an discounting future value

[the count of monte_cristo] 04/4/2024 07:34

Going to $10k

[denjon] 04/4/2024 06:50

Copper $8931. Looks like going to $9k and possibly higher this year.

[the count of monte_cristo] 03/4/2024 14:03

"Silverking is located immediately adjacent to the Kitumba deposit in which the Chinese Sinomine Resource Group announced a major investment to acquire a 65% interest in March 2024".



Here's a closer look at why this acquisition is a major development:

A Treasure Trove of Copper: The Kitumba project is estimated to hold a staggering 27.9 million tons of proven copper mineral resources, according to a 2015 report by independent third-party organization MSA Group. That's a significant amount of copper with the potential to fuel future production.

[soulsauce] 27/3/2024 22:47

Believe it when I see it Skipper.

[the skipper] 27/3/2024 22:34

The neighbours in Bulawayo are cranking up production significantly:
and might be looking to snap up GLR’s Kamatavi assets imho.

[soulsauce] 27/3/2024 15:39

Are you sure about that one denjon 😉.

I am just glad to see the share price going in the right direction for a change. Who knows the Birdster might actually deliver something 😄

[denjon] 27/3/2024 14:51

Definitely before Christmas :)

[pngasef] 27/3/2024 14:23

Good bit of buying today.....RNS soon anyone??

[soulsauce] 25/3/2024 10:22

Exactly Prospector.

[prospector] 25/3/2024 10:00

He also said BZT was the one with the highest potential. But as far as he is concerned, they all have fantastic potential - to the Colin Bird comfort in old age income-only fund.

[duckham] 24/3/2024 10:34

Luansobe. DYOR.

[duckham] 22/3/2024 11:42

Skipper, I am invested in GLR but having kicked the tires on the other CB companies assets only this one shows the multi bagger potential I look for, and have achieved multiple times. GLR has plenty of good assets that can be sold on for a multiple, and some that CB might take to production as they are open pit, but more likely will sell them off as well. You can change the management but not change the assets in the ground - that said - the company has bought some very good assets under CBs tenure which in an improving market will be lifted as all boats start to rise.

[soulsauce] 22/3/2024 10:54

Funny he says the same thing about African Pioneer Skipper 🤔
Basically all are his favourites imo as they all pay him well while shareholder value craters.

[the skipper] 22/3/2024 10:27

I would not invest in any of CB’s other companies but I know from my one to one with him a few years ago that GLR is his personal favourite, and the strong asset base is undeniable, with both Zambia and Botswana being the go to areas for investment by the majors. Just a waiting game now imo.

[the count of monte_cristo] 22/3/2024 05:21

CB needs to have a succession plan across his companies, detail it to the market and step back to maybe a Chairmanship role. Let the younger guys step up.

Copperz - please can you message all that to the Sunday Roast guys? They can be found on the various Telegram boards.

[duckham] 21/3/2024 15:43

Copperz / Kwadoku / @colinsbirdnest

I am buying at these prices because GLR is low priced compared to the potential enormous upside in asset value. I would not buy at 7.38 because the opportunity was not there at that price. However, the asymmetric upside exists at this price.

[texaschaser] 21/3/2024 14:24

Interesting.

[copperz] 20/3/2024 23:53

Skipper, colin bird should have retired years ago but he realised it was so much easier to fund his lifestyle creating multiple AIM companies and. Why do you think he would stop when there are so many gullible people out there? He has made enough money to live in luxury for the rest of his life.

Colin Bird’s AIM record (as of March 24):

Time he became CEO of BZT- share price 0.5….now 0.02 (over 95% down)

Time he became CEO of XTR- share price 10...now 0.9

Time he became CEO of Galileo 7.38...now 1.0

A lot of money has been paid by private investors to fund these ‘companiesR17; but the more interesting question is how much money has been paid to Colin Bird, over these periods?

[copperz] 20/3/2024 23:50

Colin Bird’s AIM record (as of March 24):

Time he became CEO of BZT- share price 0.5….now 0.02 (over 95% down)

Time he became CEO of XTR- share price 10...now 0.9

Time he became CEO of Galileo 7.38...now 1.0

A lot of money has been paid by private investors to fund these ‘companiesR17; but the more interesting question is how much money has been paid to Colin Bird, over these periods?

[soulsauce] 19/3/2024 08:37

Yep TC that about sums it up but just good enough for Bird to do what he likes, more drilling 😏