Galileo Resources Share Discussion Threads

[lesteague] 06/3/2014 14:19

Thxs Lucky.

I check this thread every now & then to see if there have been any shifts.

[lucky_punter] 03/3/2014 12:44

The Big Picture: Progress stepping up at Galileo Resources
By Giles Gwinnett

Progress has stepped up a gear at Galileo Resources (LON:GLR) recently with several new potential growth drivers for 2014.
News today concerned metallurgy studies at its Glenover rare earth project in South Africa, while last month Galileo revealed a move into gold and copper with a C$4.3mln acquisition in the US.

[hedgehog 100] 15/1/2014 19:52

Please note that I have recently started a thread for this sector, which may be of interest to readers:

BASE METALS & INDUSTRIAL MINERALS: Shares & Sector (BASE)


Please feel free to contribute your ideas, info., charts, & discussion.

[wstirrup] 01/10/2013 00:07

Lest we forget? ;¬)

I'm guessing it's because the news is little, and the economic back-drop and South-African Political environments (particularly with striking miners being shot) might have left people feeling wary...

BUT not much in the way of good news either...

Had I a bit more cash spare, I think the bottom is near, and as the commodity cycle starts up again, then the price will follow.

W.

[lesteague] 10/8/2013 18:00

Is this thread still live?

Amazed at the lack of conversation given the massive drops in the share price over the last few months

[lesteague] 07/6/2013 06:11

Does anyone have a suggestion why this stock has almost halved in value within six months?

[sammy_smith] 30/1/2013 15:12

Interview with Colin Bird, Chairman & Chief Executive Officer
Galileo Resources Plc (AIM: GLR), the emerging African Rare Earth exploration and development company, is pleased to report the results of a detailed rock chip sampling programme comprising 353 samples over a second target for rare earth element (REE) mineralisation at the Nkombwa Hill Rare Earth Project.
Click the link below to listen;

[lesteague] 30/1/2013 08:26

RNS 29th Jan 2013;

[andrbea] 07/1/2013 13:54

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

[lesteague] 20/12/2012 12:02

RNS 17th Dec - Half yearly report:

[lesteague] 12/12/2012 16:58

RNS 10th Dec:

[lesteague] 14/11/2012 11:50

what is happening with GLR, this is just dropping like a rock.

[lesteague] 26/9/2012 10:18

If anyone is following this thread what thoughts do you have around the share price movement over the past couple of weeks?

[lesteague] 12/9/2012 16:50

What the heck is going on with GLR, still no news update & the share price is starting drop & lots of people selling out. What's going on?

[lesteague] 03/9/2012 23:07

So glr have exceeded the 30 day eval time by almost a week so some form of update should come tomorrow or Wednesday surely... Noticed the share price took a little dip today, strange considering there were more buys than sells, any ideas?

[lesteague] 31/8/2012 10:19

Focus being GLR having 30 days to conduct due diligence - I would have expected some news by now. I'd like to see this share price improve, it's been pretty static for way to long, consistent but static.

RNS dated 25th July - Galileo Signs a Heads of Agreement with Rare Earth International to Earn-in to Rare Earth Opportunities in Zambia and Mozambique.

The AIM-quoted African Consolidated Resources plc ("ACR") is the 100% holder
through its Zambian subsidiary of the prospecting licence to the rare earth
project in Zambia.

Under the terms of this HoA, the Company has been granted '''30 days''' to conduct
title due diligence on the Projects; this being the only condition on which
this HoA may be terminated. Should the Company receive sufficient results to
this due diligence the HoA will be unconditional and the Farm-In will come into
force.

Highlights:

* Galileo enters into an agreement with REI to earn-in to three rare earth
projects located in Zambia, Mozambique and Spain.

* Two boreholes historically drilled on Zambia's "Nkombwa" project (Nkombwa)
intersected 4 to 6 metres thick intervals, with elevated REEs, which on
re-assaying by REI (2010) revealed 5% and 8% total rare earth oxides
(TREO).

* Drill targets identified on Nkombwa following extensive surface sampling
during 2011: the highest priority being a 25 to 50 metre wide zonewhere
samples consistently reported more than 3% TREO,including a high proportion
assaying 5% to 10% TREO over a sampling strike length of 350 metres.

* Further samples scattered along a broad zone south east of the main rare
earth mineralisiation assayed greater than 5% TREOincluding one outcrop
sample assaying 23.6% TREO.

* "Xiluvo" project in Mozambique has a gross amount of 1.1 million tonnesJORC
compliant indicated resource (mainly soils) assaying 2.05% TREO(@ cut off
1% TREO) and 4.4% phosphate (P2O5).

* "Galineiro" project in Spain is a potential greenfield exploration target
with heavy rare earth element ("HREE") potential.

[lesteague] 24/8/2012 11:02

News expected next week based on the last RNS..

[wstirrup] 13/8/2012 13:47

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.

[lesteague] 07/8/2012 14:35

Will be very interesting to see where GLR go with this, should hopefully hear something around the 29th of August...

[lesteague] 03/8/2012 13:41

Interesting RNS posted July 25th '12 : - wonder if this had anything to do with the Praetorian deal, it would seem possible!