Galileo Resources Share Discussion Threads

[deme1] 22/12/2016 17:59

Galileo Resources PLC said Tuesday it expects drill testing to begin at its main copper project early in 2017

so starting to drill in Feb 2017 add six months for acutal drilling and studies
then you may get an ROI in 2018

JLP FOR ME

[gkp heros] 20/12/2016 23:22

Chairman's statement In the opening remarks of last year's Chairman's report I commented on the value erosion of all companies in the natural resource sector, whether the companies were big or small. I am pleased to say that financing activity improved significantly during this review period but at the time of writing has slowed yet again. I am however very pleased to report that the copper price has responded to the long term prognosis that copper will be in short supply as we approach 2020. This will impact on our key project, Concordia. The highlights above are detailed in announcements during the period under review and post period all of which show significant progress within the group activities. The sale of the Gabbs property resulted in the Company being able to progress its Concordia project at a rapid pace without suffering the severe dilution that might have occurred had the Company been required to make a significant placing. There remains sufficient funds to advance the Company's mid-term business plan without recourse to further placings. Our geophysics work has produced very good results, which would be very satisfactory in a Greenfield situation. In the case of Concordia, where the geophysics signature is tested against previous mining history then the results can only be described as exciting. The summary report on this work will be presented in early January and then we will move on to the necessary drill programme, in order to confirm the veracity of the data against historical mining. Of particular importance will be to tie the geophysics to an approximate grade profile. The drill testing is expected to commence by mid February 2017. The Ferber project sits well in a Nevada renaissance, which extends throughout Nevada but specifically in the Ferber area. We are well placed in a trend which is described in terms of an additional Carlin-type trend system. Whilst our focus is on Concordia, we will progress Ferber during the coming year to add understanding and value. The Glenover Phosphate project in North West South Africa continues to be of interest to the trade. We announced, on 30 August 2016, that the exclusive option to Fer-Min-Ore had expired on the 28 August 2016 and the shareholders would work together towards a mutual and beneficial business plan. This activity continues and we are confident of a favourable outcome during the early 2017. The Group's loss for the six months, before and after taxation and before taking items of other comprehensive income into account, was £538,075 (2015: loss of £170,971). The Group's loss per ordinary share was 0.3 pence (2015: loss of 0.1 pence). I look forward to the Company advancing its projects and prospects with the underlying criterion of shareholder return being our key focus.

[gkp heros] 12/12/2016 13:02

GLR for me

[gkp heros] 12/12/2016 13:01

GLR for me

[deme1] 05/12/2016 16:23

double top at 1.8p

back down to test 1.4p (even 1.2p)

JLP for me

[lostabillion] 02/12/2016 15:38

GKP,
I see you're posting negatives on the JLP bb?
You spent the best part of last year raving about Jubilee Platinum!?!
What's changed your mind?
Listen to today's webcast, it might just tempt you to stem your losses here and move back to JLP!

[deme1] 02/12/2016 14:37

JLP is massive

JLP for me

[gkp heros] 30/11/2016 12:09

Concordia is massive!!!We are delighted that the results obtained coincide with the known copper occurrences in the area and potentially enlarge the area for future copper targets, noting particularly that this has been achieved with the geologic and geophysic teams having little or no information on the underlying geology. The next phase of the geophysics programme will focus on two highly prospective blocks on the second priority Shirley Trend. The areas covered and planned represent less than 10% of the Concordia concession."

[deme1] 29/11/2016 13:32

jlp for me

[gkp heros] 11/11/2016 07:55

Copper up again!!

[gkp heros] 10/11/2016 17:21

Timing couldn't be better here!!!!!

[gkp heros] 10/11/2016 17:19

While the gold price has given up much of its initial surge following Donald Trump's victory in the US presidential elections, staying stuck below $1,300 early on Thursday, the rally in industrial metals were only gaining momentum.

In pre-regular hours trade on Thursday copper for delivery in December jumped more than 10 cents from Wednesday trading as high as $2.5910 per pound ($5,712 a tonne) in New York.

That's up more than 12% since the eve of the election and the highest since early July last year. Copper has risen during 13 of the last 14 trading sessions, adding 23.8% in just over two weeks.

Measured from recent multi-year lows hit at the end of 2015 and in January and February this year the recovery in prices this year is even more impressive

The rally comes on the back of Trump's general support for the extractive industries and his pledge during his acceptance speech for fiscal spending geared towards rebuilding the country's infrastructure.


"We are going to fix our inner cities and rebuild our highways, bridges, tunnels, airports, schools, hospitals. We're going to rebuild our infrastructure — which will become, by the way, second to none. And we will put millions of our people to work as we rebuild it."

"I believe an infrastructure bill of $500 billion is now possible," David Kotok, chairman and chief investment officer at Cumberland Advisors told NPR adding that "the introduction of it comes in early 2017, after the new regime takes office."

Canada's Prime Minister Justin Trudeau announced a $125 billion infrastructure program shortly after taking office last year, while China is in the midst of a three-year $720 billion transport build-out program and the Asian country already spends more on infrastructure than Europe and the US combined.

Base metals have already enjoyed a breakout 2016 with across the board gains year-to-date and optimism about a Trump administration's impact on the sector has re-ignited prices.

[cyberbub] 10/11/2016 10:30

Waterloo I agree that it's a bit ropey, but the market cap here is far too low for its prospects - especially with the copper price finally breaking free. If it was at 5p I would say it was over valued at this stage, but 1.5p is too low.Just my view, NAI

[waterloo01] 10/11/2016 09:37

Have to say I'd have considered a punt here but I've had such bad experience with mining companies that have anything to do with SA that I've got blanket ban on investing in SA.

[gkp heros] 09/11/2016 21:13

Copper gains at the quickest pace in 28 years. And it's a 1 year high, this could be perfect timing for Concordia!!

[cyberbub] 08/11/2016 16:29

Copper breaking out now, very encouraging...

[deme1] 08/11/2016 13:50

JLP for me GKP Hero

[cyberbub] 06/11/2016 20:27

I wonder if that 1M delayed trade before close on Friday might have just held the share price back over the last couple of sessions? Hopefully if there are no more to come then we may see a return to the blue next week? (Assuming Trump doesn't win, if he does there will be a lot of volatility!)

[gkp heros] 05/11/2016 17:28

Plenty of news in the pipeline Ferber and silverton both look to be soon

[gkp heros] 05/11/2016 17:27

We have been looking at the chart in great detail my guess is we could drop down to 1.55-1.6 then it's on to the next leg up!!!

[cyberbub] 05/11/2016 12:23

Copper doing well this week...