Galileo Resources Share Discussion Threads

[nick rubens] 12/4/2016 09:09

After ARS and KRS this one has a couple of underlying reasons for a very quick rise. Namely the vast copper project ( ARS rise has been based on their copper open pit potential)and also the $4m dollars due on a mine stake sale, though on going for sometime.

Though the market might prefer the news first, history suggests the share price will rise in anticipation of the right news.

[gkp heros] 11/4/2016 22:26

There nothing available for the MM's to digest hence the price movement on low volume. This reminds me of JLP at 1.2-1-4p when I first got involved there!!!!

[mick113] 11/4/2016 21:02

Nice strong finish with full ask paid! Could continue rising on more volume, amazing how only 700k plus shares bought and up 7%! Very little free float.

[gkp heros] 11/4/2016 17:51

This is going 1 way!!!

[davethechef] 11/4/2016 16:11

Slowly, slowly, catchy-monkey!!!

[gkp heros] 09/4/2016 17:49

Should have stuck it on we rule the world. Fancied that horse!!!

[mick113] 09/4/2016 15:15

Yes the $4m is due it has been dragged on for a while and a extention was given so pretty sure it could land any day IMHO. I will be contacting Colin to ask a few questions and i will bring this up.

If you look at it they wouldn't have offered a extension if they didn't want the asset or if Colin thought they wouldn't be able to raise the funds. Dyor

[nick rubens] 08/4/2016 16:18

The buyer is still trying to raise the money.

It's been like this since Jan 2015 and now they have just had a placing at 1p.

That's why the shares are down IMO.

[eye2] 08/4/2016 14:52

M113 4 mill due?

[mick113] 07/4/2016 17:17

All i say is with the limited shares available on the market and £2m market cap along with a payment of $4m due and the assets GLR are sitting on! This is well undervalued @ 1p!

Just matter of time before it starts rising IMHO. Dyor

[gkp heros] 07/4/2016 16:50

Doesn't leave much free float, when we finally get some positive news this should move up pretty quickly IMHO.Just watched this againhttp://www.galileoresources.com/media.htmThe Dec 2015 presentation by CB.Create value and sell it for many multiples, as he has done previously.RNS - Issue of Equity"The Company announces that today it has issued 500,000 Galileo ordinary shares of 0.1 pence each ("Ordinary Shares") at a price of 1.2p. The Ordinary Shares have been issued, in lieu off fees payable in cash under the terms of an agreement dated 29 June 2015 with Investor Events Ltd in relation to the 2016 UK Investor Show. "ShockedWe are not on the radar, especially that of the "herd" but that will change once we get some positive news which boosts the SP, so a good opportunity to add at these levels ShockedAt the number of AIM shares exploding left, right and centre on good RNS', yet they come out with an absolute stormer here and the share closes down 15% or so, and struggles to recover. The herd just hasn't cottoned on to this yet. Plan is to keep using trading profits from the others to keep adding here. GLASome coverageYep they are not hanging about, hope to hear something soon.Speculative buy ratinghttp://microcapmagazine.com/2016-04-03-galileo-resources-plc-glr-given-speculative-buy-rating-at-beaufort-securities/shame that it has been delayed a few times, but what does interest me is that it is clearly not worthless. If/When the sale is finalised that will certainly be some welcome dosh ~ USD$4 Million!Many of their assets/interests appear to be priced in for little or nothing.Also comparing against the half yearly report GLR is currently below NAV.More reading for me over the weekend, clearly under the radar from the few posts on this board and moreso the little volume traded.An interesting year ahead...and CB holder of 1/4 of the company has a long-term view of copper, commodity prices being cyclical. He's not going to mine but sell this on and he has a proven track record.GlenoverSale has been delayed a few times but CB seems confident in the last update that this is nearing completionGlenoverPhosphate sale for USD$4 Million ~ when that finally happens that's more than the current market cap!Does seem GLR are ridiculously undervalued IMHO.

[tracy_moore] 07/4/2016 07:32

Certainly not a gentleman, however I still truly pity any man that marries you.

[gkp heros] 07/4/2016 07:27

I'm a man you silly moo,

[tracy_moore] 07/4/2016 07:24

Galileo Resources - GLR
GKP Heros - 05 Apr 2016 - 18:31:24 - 126 of 128
These will be double digits and that's a promise!!!

LOl yeah and you'll become Pope. Shows how worthless your promises are, pity any man that marries you.

[mick113] 05/4/2016 20:45

I'm holding tight, will accumulate more when i can, but considering the very low market capitalisation and very few shares in the public hands and $1 billion worth of copper proven and more to come!

No doubt it will be over 2p in the short term, watch when the herd catches on!

[gkp heros] 05/4/2016 18:31

These will be double digits and that's a promise!!!

[mick113] 05/4/2016 16:53

Just checking in and cannot believe this is red again today! Not that i am worried!!

People need to realise the potential with this as it is well undervalued!

Good to see the shares issued only 500k at premium price!

[gkp heros] 04/4/2016 22:28

Totally agree mick when we get some various buying these will fly!!

[mick113] 04/4/2016 21:07

This is from a poster on Twitter

#GLR
Mcap £2m
Massively undervalued and off the radar. $4mil due for sale of JV interest. High grade copper discovery worth $1billion

With further $4m due anytime, this is well undervalued compared to mcap versus cash!

Remember Colin Bird is holding 24% of the shares which is around 50m plus! Free float is very low with only around 50m free shares available to the market, just imagine a day with 5m plus buy volume! Dyor

[mick113] 04/4/2016 21:02

Dave i like your summary of the projects from yesterday!

This is well and truly undervalued with $1billion worth of high grade copper in the ground.
Colin Bird is well experienced and I won't be surprised with a buy out in the early stages.

With such a limited free float a bit of buying tomorrow could quickly turn this around and go BLUE!

[davethechef] 04/4/2016 15:15

My buy looks to have gone to ISDX, mainly sells, as mentioned on LSE; a little misleading, but looking like a down day.

[davethechef] 04/4/2016 11:47

Took a nibble!

[gkp heros] 04/4/2016 09:44

Here come the buys!!!

[gkp heros] 04/4/2016 09:30

The mm's are trying to kick stop losses watch this bounce back quickly