Galileo Resources Share Discussion Threads

[furgus ferret] 20/8/2015 13:27

Wrong way around John Dee. Galileo has purchase 10M shares in Tiger. Corporate action ahead ?

[johndee] 20/8/2015 13:12

TIR have bought over 10m shares very recently. 19/08/2015
#

[howdlep] 12/6/2015 14:45

the list of major shareholders includes Colin Bird with a 34.69% holding (also of XTR fame with a holding of 86m shares):-

[howdlep] 12/6/2015 14:25

Now beginning to move...

Excellent background audio into the investment case. Skip to around 7 mins 45 secs:-

@DDS_Doc_Holiday

[howdlep] 02/6/2015 11:23

PI's beginning to get back in, including a premium buy which has just gone through.

Now looking for a break of MA50 @ 2p as a prelude to a move towards 2.5p


free stock charts from uk.advfn.com

[someuwin] 19/5/2015 09:13

So GLR have got an excellent gold mining acreage in Nevada...

"For the avoidance of doubt the Carlin Trend is one of the most prolific gold producing regions of the world, situated in the heart of one of the world’s most friendly mining jurisdictions, Nevada, and in the past hundred years or so has accounted for more than 70mln ounces of gold.

In the world of gold mining it is the place to be.

So for Bird to say that Galileo is sitting on part of what might be the next Carlin Trend is no small claim.

But in making it he has several things running in his favour. First, the Galileo property he’s referring to, Gabbs, already boasts over 1.6mln ounces of gold equivalent using a 0.4 gram per tonne cut off."


But Colin Bird seems to like copper best...

“I’m looking at a couple of things,” he says. “I’ve always been a copper bug. By 2030 we’ll need twice as much copper as we’ve got now.”

“Galileo is going to be copper, copper, copper,” Bird says enthusiastically...


Colin Bird is on the board of GLR AND copper / gold miner XTR.

XTR have announced that they are looking at TWO acquisitions.

So, is XTR looking to buy GLR's Nevada assets I wonder?

[someuwin] 19/5/2015 08:47

Massive increase in volume last few days...

[someuwin] 18/5/2015 17:01

Not bad - almost 13% up.

[someuwin] 18/5/2015 13:43

Galileo Resources has the gift of the Gabbs

By Alastair Ford

May 18 2015, 10:38am

“There is a suspicion that this is a new Carlin Trend emerging,” says chairman Colin Bird of Galileo Resources (LON:GLR).

For the avoidance of doubt the Carlin Trend is one of the most prolific gold producing regions of the world, situated in the heart of one of the world’s most friendly mining jurisdictions, Nevada, and in the past hundred years or so has accounted for more than 70mln ounces of gold.

In the world of gold mining it is the place to be.

So for Bird to say that Galileo is sitting on part of what might be the next Carlin Trend is no small claim.

But in making it he has several things running in his favour. First, the Galileo property he’s referring to, Gabbs, already boasts over 1.6mln ounces of gold equivalent using a 0.4 gram per tonne cut off.

And, as Bird noted early on in his own evaluation of the project, if the cut-off is lowered to 0.2 grams the head grade remains relatively unaffected but the overall resource goes up to nearly four million ounces.

So there’s gold and plenty of it. And if the company’s acquisition of Gabbs hasn’t exactly lit a fire under its share price over the past year or so, though there’s plenty of time yet.

“If it isn’t valuable today it will be tomorrow,” says Bird. And he’s right. The market may not be backing exploration with any real enthusiasm just at the minute, but there will come a time when a potential four million ounce gold resource will be just what the doctor ordered.

Let’s back up a little as we ask: what does being part a trend say about the wider prospectivity?

The answer to that is less concerned with Gabbs itself, but with the activities of another company working in the neighbourhood, Pilot Gold.

The Carlin Trend lies some way to the north east of where Pilot and Galileo are both working on the south-western border of Nevada. The work Pilot is doing at its Kinsley Mountain project appears to have found something new, rather than an extension of the Carlin Trend.

But, as Pilot says in its literature on Kinsley Mountain, the mineralisation there is “Carlin-style”. And when the Pilot team says something like that it’s worth sitting up and taking notice. The previous company they worked on was called Fronteer Gold. Fronteer worked up another “Carlin-style” project in Nevada and then sold it on to Newmont, the regional superpower, for US$2.3bn.

Already Pilot Gold has been hitting some spectacular grades at Kinsley, and Bird has no doubt that in time the benefits of that work will accrue to Galileo too.

“Just by proximity we’re in the right space,” says Bird. Specifically, Gabbs is just twelve kilometres away from Kinsley Mountain.

But while work continues at Gabbs and indeed at Kinsley, Bird is also keeping his eye out for other deals.

One such will be the sale of the company’s South African phosphate and rare earths project, which is now at stage where it needs serious capital spent on it. Of more long-term significance to Galileo shareholders though are likely to be Bird’s proposed forays into the copper space.

Gabbs already boasts significant copper mineralisation as part of the larger gold equivalent resource. It also has a copper target on the Crow Springs property to the south of Gabbs. But he wants more.

“I’m looking at a couple of things,” he says. “I’ve always been a copper bug. By 2030 we’ll need twice as much copper as we’ve got now.”

Having said that, he’s also interested in relatively rapid returns. “I’m against the big porphyrys,” he says, citing six-or-seven year development horizons and low grades. Instead he’s interested in small tonnage operations with reasonable grades, running at around the 2% mark, and bigger near-surface systems.

“Galileo is going to be copper, copper, copper,” Bird says enthusiastically. And if anyone should argue that now is not the time to be putting together a portfolio of exploration assets, Bird has the perfect rejoinder.

“You can’t wait for the tide to turn,” he says. “If you hit the deck running when there is a change you can stand out from the crowd. I want to be there before it all starts.”

Remember, this is the man who sold his last copper company, Kiwara, for upwards of US$200mln. Will he do it again? Well, you wouldn’t bet against it.

[someuwin] 18/5/2015 13:35

Up again today.

[65jack] 15/5/2015 16:16

o/t amazing news just out at TPL. Be quick should be a 100% riser from here back to 15p levels. rns just out!

one of jtcods favs

[someuwin] 15/5/2015 09:06

Up again today.

Something brewing here.

[tomboyb] 14/5/2015 10:47

Up 23% - Someone in a rush to buy

As a point of note - Projects



· The Glenover rare earths project in South Africa continued with optimisation and strategic positioning

· The acquisition of St. Vincent Minerals Inc ("SVM") was completed on 15 May 2014 and SVM's two projects in Nevada as set out below have been successfully integrated into Galileo

· The Ferber gold-copper project in north eastern Nevada has been reviewed and shows good potential for multi-model discovery of copper and/or gold

· The Gabbs gold-copper project data base continues to be reviewed with the intention to develop the exploration potential

[tomboyb] 14/5/2015 10:28

Really being picked up now - Can see this breaking 2p at this rate -

[tomboyb] 14/5/2015 08:39

Moving up nicely -

[andrbea] 13/11/2014 13:33

if they ever developed this (70% stake in company below), it might do a REM-like rise

seems dormant just now

maybe news soon, see that buy today:

Company Overview

Rare Earth International Ltd identifies and develops rare earth mineral deposits. The company owns and operates two rare earth exploration projects in Southern Africa. The company is based in Australia. Rare Earth International Ltd operates as a former subsidiary of Southern Crown Resources Limited.


Australia
Key Executives for Rare Earth International Ltd
Dr. Robin Edward Harmer
Chief Executive Officer

[lesteague] 04/11/2014 14:45

Galileo need to shoot for something, I've held this since the high pence per share only to see it fail on a weekly basis.

[the stigologist] 03/11/2014 10:17

placing coming then

[selfservice] 28/7/2014 17:10

Galileo Resources: Shooting for the Stars in Nevada!

[proactivest] 30/6/2014 09:24

Video Interview

The Chairman of Galileo Resources ( LON:GLR ) Colin Bird, tells Proactiveinvestors that his company is well placed to generate value from what he calls a'new gold rush in Nevada. The company has just completed an all paper deal to buy St Vincent Minerals, which own the Gabbs and Ferber gold-copper projects in Nevada. Bird also talks about Galileo' innovative approach to analysing data which enables his company to identify & unlock resource value in a more cost effective way.

[tommytipple1] 30/6/2014 09:13

VIDEO The Chairman of Galileo Resources Colin Bird
Today, 9:07 AM

[steffyloveshares] 16/5/2014 14:32

video interview
Galileo Resources' Colin Bird says investors tired of political risk
Colin Bird, the chairman of Galileo Resources (LON:GLR), says investors are growing tired of mining groups focused on regions with high political risk.
His comments follow the acquisition of St Vincent Minerals, which has two gold-copper projects in the stable jurisdiction of Nevada.
He says there is "tremendous upside" to the Gabbs and Ferber projects the company has taken charge of as part of the deal.

[lesteague] 20/3/2014 13:04

For any one else following this thread there have been a few RNS's this year, the following is good news: