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
  -0.025 -4.9% 0.485 0.47 0.50 0.51 0.485 0.51 5,519,990 10:47:30
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 1951 to 1974 of 2100 messages
Chat Pages: 84  83  82  81  80  79  78  77  76  75  74  73  Older
DateSubjectAuthorDiscuss
26/7/2019
19:49
Worked buy.
excellance
26/7/2019
17:32
Apologies, I just realised it was actually yesterday morning rather than earlier today. What was the bid/offer yesterday morning?
cmackay
26/7/2019
17:29
At 0.545p, I would say sell. The price held up to it well if it was a sell though.
cmackay
26/7/2019
16:17
Any ideas on the 5M trade, buy or sell
the bull
25/7/2019
21:11
I have plenty of long term shares where my conviction isn't strong enough to keep averaging down, but some I do
the bull
25/7/2019
21:10
Sleveen, if you are a trader then yes, maybe that's good advice. But for me, I believe this will be a ten bagger, thats a 20M market cap company so not a wild valuation for the expected revenue that should start building. But pre announcement is a traders dream and a dream for long term holders. I say long term only arriving to the party by chance a few weeks back.
the bull
25/7/2019
17:31
Wasn't there a placing in April? How are you calculating that to have been spent already?
cmackay
25/7/2019
17:01
XTR just shafted PIs with a 30% discounted placing following a spike in the share price That fate awaits GLR holders on any spike in the sp, so take your profits quickly on any spike. IMHO
sleveen
25/7/2019
11:32
Hi Plat Hunter! Good to see you here as well. There will be two big costs to the Star Zinc operation - the contract mining and the contract trucking. Both don't required any capital investment, but they do require working capital to sustain them until the first revenue comes in. I'm assuming this will be six months from the start up of operations. Colin Bird estimates $2m per year for the contract mining and trucking, so I'm assuming $1m is required for initial working capital. It may help to remember: 1. The contract mining is more like quarrying than conventional mining. It has a very low strip ratio (1:1), and will require only limited use of explosives. Since Star Zinc has been mined previously, there is already a pit entrance, etc. 2. As regards the trucking, the ore will have an average zinc content of around 10% - that's really high. The distance from Star Zinc to Kabwe is 125km, mostly up a decent road. If you allow for two drivers per truck working daylight hours, that should equal two round trips per day. All in all, I think the share price will move well ahead of any placing, and in the end we'll be looking at a dilution of about 20% to get Star Zinc into production. (I.e. I'm basing my calculations on GLR ending up with 500m shares in issue (before warrants at 2p etc.), rather than the 404m currently. Colin Bird owns around 13% of the company, so he won't want to dilute himself more than can be helped!
bookwormrobert
25/7/2019
11:23
Hi BWR, thanks, I am also banking on the share issue after the news once it is at higher levels, hence buying now not waiting, hope we are right on that one. Plat - Colin has a hatchback so can do the initial runs to keep costs low. He did mention investing in a crusher so that more could be transported each time
the bull
25/7/2019
10:54
Would it be an incorrect assumption to presume that one of the biggest costs will be in transporting the ore from Star to Kabwe? it of course very much depends on the density of the material but it costs JLP roughly $2 er tonne to transport tailing from Platcro to Eland. Establishing what the rough costs of mining and transporting the ore will be will give a great indication of the size of the initial project dilution required. Maybe 2 million, or a 1 for 1 issuance?
plat hunter
25/7/2019
10:25
Hi Bull! Good to see you here as well as in JLP! I don't think there will need to be that much dilution to get Star Zinc into production. The company raised 500K back in April, and it can't have spent all that much since then. So I think they have enough cash to keep going for now. They will need working capital for the contract mining operation - I estimate about six months' worth, which should equal about $1m (taking CB's own estimate). There are various ways they could get this money - Glenover or Ferber sale, Jubilee pre-finance arrangement, bank loan etc. However, that said, I think an equity raise is the most likely way. That equals a maximum dilution of about 33%. BUT, Galileo won't really need to raise money until after the offtake has been signed and the small scale mining licence issued. Surely the share price will be much higher by then? That would imply a much smaller dilution. My fundamental position here is still that this share is currently completely mispriced. AIM can do this sometimes, and we should all take advantage as much as we can!
bookwormrobert
25/7/2019
10:22
I watched GGP go from £3m m/cap to £25m and will not do the same here, £2m entry point is unreal - I know there were fewer shares around but this did hit 12p once if I recall. At 1p this would only be valued at £4m
observer007
25/7/2019
10:16
I am in and ready for action, I am sure we will end up with many more shares in issue but not until we move up significantly after kabwe news
the bull
25/7/2019
10:00
The float is low, only 404m shares issued, most tightly held according to the major shareholder list. In the above circumstances have seen modest volume move the stock disproportionally. Good luck in the quest to buy in !!
observer007
25/7/2019
09:46
The 2m purchases are listed as 4 minutes apart, so surely not a rollover. Yet only one of them is listed on HL.
cmackay
25/7/2019
09:40
Are we getting ready for a doubling at least of the share price soon imo
the bull
25/7/2019
09:39
Nice couple of 2M buys, not me sadly
the bull
25/7/2019
09:24
I love quiet BB's, bought 1m on the strength of that podcast will add more, Copper in Zambia dug out by contract miners, will be processed by Jubilee and sold locally, income to Galileo $8m+ per annum. £2.5m m/cap is a farce
observer007
25/7/2019
09:11
Interest is building here - as I see it - Copper in Zambia Toll Mining deal with JLP ---->> Small scale Mining Licence ----->> Income £8m - £10m per annum If that happens this could have a £30m+ market value verses the current £2.25m Real blue sky potential ahead ----------->> HTTPS://audioboom.com/posts/7300246-galileo-resources-discusses-their-initial-inferred-resource-and-john-meyer-covers-resources-stocks
thecoyone
17/7/2019
11:47
Eyeguy pumping this up on Twitter. That normally means a placing coming? lol
peterbarnet
16/7/2019
14:44
But still less than 500M shares in issue and those assets owned now. After a deal with JLP which is almost certain, there could be more upside here than at JLP, at least in the short term. If I had not squandered a load at PREM, i would be accumulating here
the bull
16/7/2019
12:59
BMR Debacle.. No cash and placings that went out the door to BMR
plat hunter
16/7/2019
11:52
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
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