Galileo Resources Share Discussion Threads

[on target] 09/7/2018 13:47

Could do with some news here. Aren't we overdue something on Glenover?

[cyberbub] 06/7/2018 19:23

There are only 300M shares in issue here (plus a reasonable number of options and warrants to be fair). But the current fully diluted market cap of approx £6M will look very cheap if the phosphate deal comes off... never mind the Star ZincNo advice intended etc etc

[on target] 05/7/2018 12:43

Looking good..

[cmackay] 30/6/2018 09:50

You're welcome, I did think you were saying so but I thought others may read here and if it helps them understand the processes then that's good. And I enjoy the sound of my own voice as long as I know what I'm talking about ;)

I give the benefit of the doubt that the players involved have a certain level of competence. This logically concludes to me that the potential variance in sample quality at scale would not be a deal breaker.

[cyberbub] 29/6/2018 23:35

Thanks yes, that's essentially what I was saying in my post.I doubt that Galileo would have agreed to a lengthy process to test small- and large-scale samples if they didn't expect it to be acceptable to the buyer.We'll see soon!

[cmackay] 29/6/2018 19:17

Cyberbub, using my experience of agriculture to draw a parallel:-

To gauge the pH level of a field, one takes a sample from 4 corners along with a 5th sample from the centre, each of a kilo. A fairly simple but long to explain process of division and addition follows, in order to get the 'average' pH of a nuanced ecological environment. While this gives you an idea of how, if at all, you will need to adjust pH, it doesn't mean that you would get the same pH level at every point of the field. The topsoil isn't homogeneous so fluctuating readings would occur from spot sampling.

Now to the phosphate samples. The same concept would apply; an initial sample gives you an idea of what your content is but further sampling will give a more accurate perspective. However even sampling will only give you an average content, and therefore educated estimates are the best you can get before actual processing is completed.

Just like the game battleships, you might find a hit in B3, for instance. It doesn't necessarily follow that every square will result in a hit.

That being said, I've recently increased my holding by almost 50%, but as always dyor.

[cyberbub] 29/6/2018 18:05

If a smaller sample of phosphate worked fine, can anyone think of a reason why a multi-ton sample wouldn't work? Is it to do with (potential) variability of quality or grade in a larger sample? If all is well, then GLR will be on track for something very rare for a junior AIM miner... CASH FLOW!

[cmackay] 29/6/2018 17:06

It can't be much longer to go, news next week I suspect.

[cyberbub] 29/6/2018 15:55

I was just about to post that a new leg up might possibly be starting.... ?

[on target] 29/6/2018 12:50

Ticking up.. is some news in the works?

[undertaker] 29/6/2018 11:06

News on monday then Ginko?

[ginko3] 26/6/2018 10:56

Don't know what Peel Hunt are fannying about with sell a couple percent, buy a couple percent, sell a couple percent; the values are miniscule.

[ginko3] 25/6/2018 08:32

Expect news on this shortly . . from 1st May RNS

'Therefore the time-lines above for concluding the Heads/Definitive Supply Agreement has been agreed to extend to 30 June 2018 in order to facilitate fulfilling this Condition Precedent.'

[cyberbub] 24/6/2018 23:21

If the 30-ton phosphate test comes back positive I would expect us to break 2.5p fairly sharpish.Just my view NAI etc

[cmackay] 16/6/2018 12:13

Yes, Peel Hunt are a London broker so the fact they are increasing their holding here means they obviously see this going up from here very soon. I tend to agree that it's highly likely.

[gowski] 15/6/2018 14:55

Rns = increased holding?

[cyberbub] 11/6/2018 07:38

Getting closer to the end of June when we expect to hear about the final (hopefully successful) 30-ton phosphate test run...

[daniel levi bmd] 06/6/2018 13:38

FYI

Online Blockchain. Here's what's going on & why they're deliberately 'Damping Down' on news-flow...

Dan
x

[cyberbub] 04/6/2018 07:10

Obviously still early stage but sounds encouraging!The near term share price appreciation will come from Glenover though...

[cmackay] 17/5/2018 07:44

The sz results show that this is a very big resource. I am quite surprised we haven't seen a sharp rise in the share price

[cmackay] 10/5/2018 22:36

The phosphate deal alone should have this above current SP, and then Star Zinc reporting soon too.

[cmackay] 04/5/2018 23:18

With low m/cap and limited free float too, could be a strong rise on the horizon.