Galileo Resources Share Discussion Threads

[plat hunter] 16/7/2019 13:59

BMR Debacle.. No cash and placings that went out the door to BMR

[the bull] 16/7/2019 12:52

I haven't been in these that long but realise they have come down since 10p levels in 2016. What happened back then so that the price collapsed as there surely hasn't been that much dilution over the past couple of years

[the bull] 16/7/2019 12:49

I wonder if they will keep them after the lock in period. After their lock in period ended with jubilee they started selling. Then Jubilee stepped in and managed the sale to some institutions until they were fully out. I would imagine that the same will happen.

[on target] 16/7/2019 11:19

See this RNS for why BMR have the shares:

[excellance] 16/7/2019 11:00

These guys like this company

[bookwormrobert] 16/7/2019 08:42

OK, so you've got a grudge against Colin Bird. We get that; that can happen.
But Galileo right now is hugely mispriced.
Its market cap is less than $3m (USD). But it has a very credible plan to produce 12,000tpa of zinc at a very low cost within 4-6 months that will lead to earnings of above $10m per year for the next 6 years, and with a big exploration upside as well.
All Galileo need is an offtake agreement with Jubilee for the ore's processing, which should arrive in the next few weeks, a small scale mining licence from the Zambian authorities for the simple quarrying style operation planned (and we know Colin Bird has excellent relations with the Zambian government), and a small amount of working capital to cover the start-up costs of a simple contract mining and trucking operation. Nothing too challenging there!
IMO, this is one of those cases when AIM has simply got a share price wrong. Normally, it overvalues rubbish companies, but occasionally it undervalues a company with real prospects. You'd be a fool not to take advantage!

[peterbarnet] 16/7/2019 05:50

No one trusts The Bird

[peterbarnet] 16/7/2019 05:50

This should be SUB 0.25p

[peterbarnet] 16/7/2019 05:49

Your talking "Bull" lol

[excellance] 12/7/2019 14:05

Zinc inventories low, price should move higher

[the bull] 11/7/2019 13:35

Put my money where my mouth is and another 500K added, 2M now and that's enough as am exposed to JLP with 5M

[the bull] 11/7/2019 13:25

JLP have their sable signed off so hopefully not long for us now, then that nice deal can be announced

[excellance] 08/7/2019 15:01

I expect we'll see a few days like today in the next few weeks.

[excellance] 08/7/2019 14:50

I think this has got legs, despite zinc prices being silly low. I think someone is buying in with full knowledge of what is around the corner, and others without that knowledge are selling a few to derisk and bank a little profit.

Time will tell.

[excellance] 08/7/2019 11:06

Nice move today. Placees taking positions pre good news and imminent placing?

[jon123] 05/7/2019 19:31

i think this could be a good investment if they can get the mining license and the zinc operation up and running but its 3-9months out according to the company

the real hidden treasure for is the RRE if they can get that off the ground lol or out of the ground

[excellance] 05/7/2019 18:39

Heading in the right direction...

[cmackay] 05/7/2019 16:52

Understandable

[plat hunter] 04/7/2019 19:41

You may have to be shrewd in taking it off the table at the right time.All imho of course and all speculation. This game has turned me into a cynic

[plat hunter] 04/7/2019 19:39

That spike Bull, might come on the sable rubber stamping.I reckon the placing is already lined up on the proviso of sable access. So if it's already agreed in principle then so would have the price, of which i'd expect it to be discounted to any share price rise attributed to Sable access.

[the bull] 04/7/2019 11:27

I would buy more here but taking such a thrashing over in PREM that i cannot stomach any more aim stocks. Has to be news soon here on the mining license and then the JLP deal. That surely should see the market cap double and some before being pegged back by likely fund raise

[dafrog] 27/6/2019 10:29

My buy was well timed!!

[cmackay] 26/6/2019 18:01

No its from the Glenover phosphate project iirc. Already has a fertiliser company lined up to buy phosphate and the rare earth element is particularly attractive with the US looking to gain ground on the Chinese domination of global rare earth markets.

Edit: sorry, I thought you were replying to my comment but I think I was mistaken.

[deme1] 26/6/2019 17:29

Peeps on the LSE board seem to think that GLR are in the driving seat with the negotiations.

Forgive me but Colin mentions that IF they needed to build a plant then the resource would not warrant the expenditure. So that leaves the only option being get someone else to process it.

Will JLP be the only viable Zinc processing option available to GLR. If so i think Colin may be in the back seat for this one.