Galileo Resources Share Discussion Threads

[gkp heros] 22/2/2017 09:28

Only 195 million in issue with low free float

[gkp heros] 22/2/2017 09:20

Deme1 nothing wrong with saying that. Fair comments but if you read all the previous rns's on this company. It will paint a very interesting picture about Concordia and the potential we have. This is no XTR with 30 billion shares its fully funded with no dilution also bird has 48500000 shares. Why would he want to dilute his 23% of the company??

[deme1] 22/2/2017 09:10

i will give my view as GKP keeps spamming the JLP thread

my big concern with GLR is whilst this rise has been impressive i would be concerned with how their projects will be funded. You only have to look at XTR to see how that played out.

but i must say i am envious of the rise ;)

[lostabillion] 22/2/2017 08:46

GKP Heros
Please stop spamming the JLP bb with GLR waffle, thank you.

[regandharry5] 21/2/2017 16:33

Another good day...may we have many more.

[gkp heros] 21/2/2017 16:06

Looks like the herd are arriving early for news

[dmitribollokov] 15/2/2017 20:37

Great one, he sounds measured and genuinely excited....

[gkp heros] 15/2/2017 20:06

Exciting interview with Colin Birdhttps://www.google.co.uk/amp/www.proactiveinvestors.co.uk/companies/amp/media_files/6922?client=safari

[gkp heros] 15/2/2017 16:40

Another good day at the office the great thing is we have already sailed through 5p we could break that pre news no problem

[regandharry5] 15/2/2017 07:44

Here we go, Get that drill bit nice and sharp.

[dmitribollokov] 15/2/2017 07:20

Get involved!

[gkp heros] 14/2/2017 14:34

Lost could have exit JLP and jumped in for 100% profit!!!

[lostabillion] 14/2/2017 14:19

No GKP, I am perfectly happy with my JLP haul thanks vey much.

[gkp heros] 14/2/2017 08:54

Lostabillion, you know you want to join the fun!!!

[lostabillion] 14/2/2017 08:53

GKP Heros
Please stop spamming GLR on the JLP bb.
If you are that confident you shouldn't need to spam?!?

[gkp heros] 14/2/2017 08:10

Buys going through at 3.7p well above ask

[gkp heros] 12/2/2017 09:32

This is still so cheap at 3p

[dmitribollokov] 12/2/2017 08:36

Losta - have you not looked at this? JLP different stage, great opp. Think this is too...

[lostabillion] 12/2/2017 08:23

GKP Heros, can you stop spamming on the JLP BB, thank you.

[gkp heros] 11/2/2017 23:08

Investors who want to know what happens when you deploy veteran mining entrepreneur Colin Bird in one of the world's most prolific copper producing regions have two directions in which they can look: the past, and the future.The past speaks for itself. Colin was instrumental in the development and the eventual sale of Kiwara Resources for a nine-figure sum, having proved a concept, sunk a few drill holes and sold to First Quantum at the height of the market.Kiwara had ground in Zambia, which alongside the Democratic Republic of Congo on the other side of the border, occupies most of the region known locally and globally in mining circles as the Copperbelt.Kiwara's getting on for 10 years ago now, and is beginning to fade from the memories of investors who subsequently went through one almighty mining bust.But those who want to know how it's done may yet get an object lesson from Mr Bird himself again, as he positions Galileo Resources (LON:GLR), once solely a fertilizer play, strategically across an area of South Africa with its own admirable track record of copper production."It was one of the biggest copper mining areas of the world," says Bird.The obvious questions then, are how much copper is left and how does Galileo plan to get it out?It's a bit early to answer that second question in detail, but the first question is straightforward enough, and just goes to show that as times change, so do opportunities to turn a dollar or two."We found that the cut-off grade used by the earlier miners was 0.8%," says Bird. That may not mean much to non-specialists, but the salient point is that nowadays copper miners can mine economically at grades much lower than that."The average grade of copper mines in the world has dropped from about 1% to about 0.6%," explains Bird.It's as simple as that: all of a sudden, the Galileo ground became highly prospective."We extended our search of the area," continues Bird, "and we found more higher grade areas. I think we're onto something, I really do."Of course, working up a prospect like Concordia isn't easy when money is as hard to come by as it has been in the mining sector over the past couple of years.But here Galileo has an ace up its sleeve. Instead of spending large amounts of hard currency drilling up ground that's already been gone over before, Galileo can fall back on old data gathered by former owners between 1960 and 1990."We've got a massive database and we're just interrogating that," says Bird. "We're modelling the lithological package in discrete units. Once we've created our model, we're going to drill.That will probably require new money to come into the company, but for the time being the company's not too badly off."There's RND3.5 mln in the bank," says Bird, "and I try not to do any placements." As a big shareholder himself, Bird's as worried as anyone about dilution and about getting the maximum bang per buck.The next news is therefore likely to state that the model holds together, and that a new resource is in the pipeline.Certainly, by October Bird is hoping to have some idea of tonnes and grade as well as an emerging mine plan. There's likely to be news on the net present value of Concordia by then too, and Bird has some confidence it's going to be good."On the global drawing board of emerging copper projects, this will be in the top two or three," he says.If that turns out to be correct, it will only go to confirm the investment potency of mixing Colin Bird and copper-rich jurisdictions.

[gkp heros] 11/2/2017 20:33

This could be a similar story to SOLG. Let the drilling commence over the next months. Can't bloody wait, interesting times!!!

[dmitribollokov] 10/2/2017 13:03

Looks like a whole lot of spivvery!

[gkp heros] 10/2/2017 12:59

Looks like it's hit the bottom and now rebounding

[gkp heros] 10/2/2017 09:01

I deserve that fair play