Share Name Share Symbol Market Type Share ISIN Share Description
Galileo Resources Plc LSE:GLR London Ordinary Share GB00B115T142 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.02p +3.48% 0.595p 0.57p 0.62p 0.61p 0.575p 0.575p 8,505,213 15:55:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.4 -0.1 - 2

Galileo Resources Share Discussion Threads

Showing 1876 to 1900 of 2000 messages
Chat Pages: 80  79  78  77  76  75  74  73  72  71  70  69  Older
DateSubjectAuthorDiscuss
26/6/2019
15:01
This shouldn't take long, it's only open pit to max 60m and no processing on site, so no chemicals and not much infrastructure required, just dig it out and truck it away. Easy.
excellance
26/6/2019
15:00
am expecting a spike on that news and then a fall back if/when we have to raise but believe now is the time to buy rather than when that expected news lands imo
the bull
26/6/2019
14:59
When they do a deal with JLP, a mutually good deal. Just added another 500K
the bull
26/6/2019
14:58
Where do they get the initial £2mil funding before they start to reap the rewards?
deme1
26/6/2019
14:57
Don't the government own 5% of star?
excellance
26/6/2019
14:54
$15M revenue against $2M cost
the bull
26/6/2019
14:51
all dependant on getting a small scale mining licence.. The Company is encouraged to fast track the Project development and to apply with minimum delay for a mining permit to include among other things, undertaking requisite economic and engineering studies for a shallow open-pit mining operation and finalising an off-take agreement for direct shipping ore.
sos100
26/6/2019
14:44
3-6 months until mining starts according to the RNS - not long.
on target
26/6/2019
14:43
At 0.50p you're paying the placing price so very little downside risk I would guess. This will be a long term hold for me.
excellance
26/6/2019
14:37
Looking at the long term Zinc chart, I think it has bottomed and should rise from here, tho glr are a while away from actually selling any.
excellance
26/6/2019
14:16
Way oversold due to lack of news imho. Who would guess African mining might take a while... I'm in.
cmackay
26/6/2019
14:10
I've put a bit skin on the bone in the header. Basically the company needs a digger and a couple of trucks to dig shallow loose high grade ore and truck it to the nearby sable refinery, simple. Cheap and cheerful, quick easy cash, lots of growth potential.
excellance
26/6/2019
13:26
No idea about this one, Zinc and Zambia seems OK, looking at details now.
excellance
26/6/2019
13:23
Https://www.galileoresources.com/ STAR ZINC, ZAMBIA 26-6-19 initial inferred resource estimate ("MRE") in accordance with JORC 2012, for the Company's Zambian Star Zinc project ("the Project") near Lusaka. The MRE reports Inferred zinc resources with reasonable prospects of future economic extraction of approximately 500,000 tonnes at 16% Zinc for 77,000 tonnes of contained metal above a cut off grade of 2% Zinc. This includes approximately 340,000 tonnes at 21% Zinc for 72,000 tonnes of metal above a cut off grade of 8%. The Company has a 95% interest in the Project. The Zambian government holds a 5% interest. 1-5-19 negotiations are to commence with Jubilee Metals Group plc ("JMG" or "Jubilee"), for an off-take agreement to supply ore from Star Zinc 17-4-19 ...placing with institutional and retail investors of 100,000,000 new ordinary shares ("Placing Shares") of 0.1p each (the "Ordinary Shares") at a placing price of 0.50 p ...In connection with the Placing, the Company has granted Warrants to Shard to subscribe for 3,000,000 Ordinary Shares at an exercise price of 0.75p per share. The Warrants may be exercised at any time in the period expiring on the second anniversary of Admission of the Placing Shares.
excellance
26/6/2019
12:59
Kabwe plant due to start production in Q4 this year, according to the recent Jubilee update.
on target
26/6/2019
12:59
that's quite a large amount of high grade zinc!
cbh123
26/6/2019
12:59
Would seem. Think they made a mistake putting the no's at the bottom of the RNS. Most AIM investors don't read that far before their eyes glaze over. Impressive no's though and if not B.S would imagine shareprice will rise as its realised.
bad gateway
26/6/2019
12:48
Interesting. Well under the radar this one?
on target
26/6/2019
12:45
hTTps://www.investegate.co.uk/galileo-resources--glr-/rns/star-zinc-initial-inferred-resource-estimate/201906261235355223D/ "The MRE will allow for a 6-year life-of-mine small scale operation to produce rock mass of only 5,500t/month containing 12,000 t zinc metal per year to Kabwe. While in-house attributable revenues are projected at about USD15 million annually at current price, the annual all in cost is projected not to exceed to USD2 million. We intend to apply without delay for a mining permit and target mining to start coincident with the Kabwe project." Not bad no's for such a tiny marketcapped co.
bad gateway
25/6/2019
17:08
If funds allow, I may add this week
the bull
25/6/2019
16:54
Another reminder of where we are off to www.proactiveinvestors.co.uk/companies/news/209589/cash-flow-from-zinc-mining-is-now-only-a-matter-of-months-away-for-galileo-resources-209589.html
the bull
24/6/2019
09:48
Well they previously sold all their JLP shares got for their tailings business at much less than current share price Not known for financial acumen, as you are probably aware they bought Star zinc at a very much higher price than GLR got it for.
fireplace22
24/6/2019
09:41
Of course it's up to them. They would have to be extremely desperate to sell into the market and raise such a paltry sum off of a £50k deal though.
cmackay
24/6/2019
08:57
They got shares equivalent in value to the £50K outstanding, up to them if they sell now for the £50k or hold for a premium later (or not). BMR are not in a great position to negotiate with anyone, their major asset is a royalty on production from a plant that isn't built yet.
fireplace22
24/6/2019
08:48
If bmr were going to sell into the market at a ha'penny then I imagine they would have negotiated a better share price I would have anyway.
cmackay
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