Galileo Resources Share Discussion Threads

[red rook] 27/11/2019 14:28

Dave,

with respect ... the application of the mining permit, as well as the environmental permit, must be in an RNS. All other mining companies that I am aware of would RNS the submission date... I have checked past postings, and even the dodgy CEO of BMR (Alex Borrelli) did so ! It needs to be clearly stated when it was submitted.

Further, when you state ...'I understand that the mining application was commenced approximately September...' can I ask who provided you with this undertanding?

At the best of times Birdie is known to be a consummate liar ... so a verbal confirmation over the phone, or an e-mail, should not inspire confidence.

[davethechef] 27/11/2019 13:59

I understand that the mining application was commenced approximately September(GLR wouldn't RNS i'd have thought- just when finally received)& normally takes about 90 days, so hopefully soonish.
I picked up another 591k earlier ay .503( maybe on NEX) so here's hoping for a good recovery & good news.

[the bull] 27/11/2019 13:17

I would like some more if poss but I am already big in jubilee and 6M here now, 10M would be my target

[red rook] 27/11/2019 13:16

Has Birdie....that old con artist...actually applied for the mining permit yet ?

I see that in the RNS posted on 26 June 2019, he states.... 'We INTEND TO apply without delay for a mining permit ..... ."

Then in the RNS posted on 21 August 2019, he states.... 'We INTEND TO apply for a mining permit ....."

Next in the RNS posted on 3 October 2019, he states .... 'Mining targeted to commence Q2 2020, SUBJECT TO availability of further funding AND grant of mining right INCLUDING environmental permit.

After that I cannot see any RNS stating that he HAS actualy applied for the mining permit... let alone the environmental permit. These will take a fair amount of time to be granted! In the meantime Birdie's statement regarding 'further funding' will definitely materialise ... because dilution is what Birdie does best ... :-)

[fatgreek] 27/11/2019 13:10

On my screen that 2 mill shows as a buyLevel 2 is 2 vs 1 now so could tick up shortly

[fatgreek] 27/11/2019 13:05

My 3 mill buy at 0.5 still isn't showing

[the bull] 27/11/2019 12:46

another 1M for the ISA at 0.5p listed as a ? and then a 2M trade listed as a sell but at a higher price

[the bull] 27/11/2019 10:51

Nice one FG, may have some more myself. Was hoping that the last raise was done on the back of news but price has largely recovered although I believe we should have been given the chance also to invest at 0.4. With December almost upon us, Jubilee will be wanting these tailings soon in H1 so the deal surely needs to be struck very soon

[fatgreek] 27/11/2019 09:50

Cheers Dave this could motor on a positive RNS

[davethechef] 27/11/2019 09:40

That's some confidence Fatgreek, well done.
Hopefully, mining licence soon, & we can start progressing towards revenues next year at their flagship, Star.
And hearing further news on their other projects

[fatgreek] 27/11/2019 08:02

The 3 mill buy yet to show is mine....Onwards and upwards imo

[cmackay] 26/11/2019 17:35

That is the question!

[excellance] 26/11/2019 16:27

When r we getting news?

[excellance] 26/11/2019 12:33

Seems fairly liquid either way.

[the bull] 25/11/2019 15:56

Quite a bit of selling going on but ii believe they are also being accumulated

[the bull] 25/11/2019 10:37

When the deal is announced, it should re-state the sorts of figures colin was talking about previously so you would think your 1.5p would immediately achieved. Didn't he suggest $14-$15M with around $2M of costs. We should be moving up now in advance of that deal. I am selling some stuff and was thinking of increasing my stake in jubilee but I think this has the better short term lift off potential

[excellance] 25/11/2019 10:01

I was thinking at least 1.5p by Xmas assuming we get permission to mine. Could be a few weeks later.

[the bull] 25/11/2019 09:21

What are we thinking, 5p by this time next year

[davethechef] 25/11/2019 08:10

Picked up a million shares on opening. I like the miniscule mkt cpt to assets.
Hopeful of positive news in the not too distant future( mining license) & further news re developing the projects & related contracts
Gla

[cmackay] 24/11/2019 13:05

Admittedly, nothing in the LSE post is particularly outlandish, and could well be authentic.

[homebrewruss] 24/11/2019 09:11

Agreed, the original post is from someone on LSE. But yes could just be as reliable as Chinese whispers

[cmackay] 24/11/2019 08:46

I tend to view Twitter for the dog mess that it is, but I suppose it's plausible. I mean application itself would not be worthy of an RNS.

[homebrewruss] 23/11/2019 20:25

Some scuttlebut from an investor who apparently met Colin at a recent proactive presentation:

[cmackay] 23/11/2019 20:22

I can't dispute anything you have said, other than perhaps a tad sooner than six months for the agreement?

[excellance] 23/11/2019 17:58

considering the low mkt cap and cap ex required i am surprised this is even listed, however, i think it is fair to say that the star project is merely a small scale 5 or 10 tear cash cow, to provide revenue to fund the other zinc prospect, and eventually to mine, but that looks like several years away.

even so, the mkt cap of these should be £15m or £20m once ore extraction becomes a reality, because some decent cash will be generated, and that means no placings, and it means we can fund drilling and exploration wherever we want.

first base for me is in six months when we have a signed agreement and we start digging for real, and perhaps a five fold mkt cap increase.