Galileo Resources Share Discussion Threads

[cmackay] 07/5/2020 23:55

Then I suggest you short it with everything you have. I've been accumulating for a long time. I'm happy to pick up more cheap shares if possible.

[deme1] 07/5/2020 19:33

Just a word of warning

99.9% of the time the share price will touch it's placing price.

Point to note

MIRROR MINOR, spouting on the lse boards that JLP holders are jealous of GLR.

JLP - multiple projects and plants - making millions a month. (Still a dog though lol)

GLR some dirt in the ground and a dream (exactly where JLP was 8 years ago)

[1madmarky] 07/5/2020 16:59

Ok,
Stupid questions...but the tenement is on a 3 year grant. Which runs out in Jan. What is the cost of renewing? Do you have to show progress in order to renew?
"
       Tenement         Registered Holder (%)   ;          ;        Date of 3-year Grant 
        PL no. 
KALAHARI COPPER BELT 
                       ----------------------------------------  --------------------- 
001/2018               Crocus-Serv Resources Pty Ltd (100)      ;    1 January 2018 
  002/2018               Crocus-Serv Resources Pty Ltd (100)      ;   1 January 2018 
  003/2018    "      ;  

[deme1] 07/5/2020 16:54

No Bull, just saying that GLR are tied to JLP with star zinc and the zinc circuit is delayed.

Colin does enough to deramp, looks like another pump prior to dillution here.

GLA

"The consideration for the Acquisition comprises GBP163,020 of, in aggregate, 38,814,246 ordinary Galileo shares ("Share Consideration") - deemed at share price of GBP0.0042)- and GBP10,082 in cash"

From GLR's late RNS today!

[the bull] 07/5/2020 15:29

Are you trying to de-ramp us deme old chap, more fun here than JLP at the moment, until just now that is

[cmackay] 07/5/2020 15:14

Thanks, just read

[deme1] 07/5/2020 15:10

JLP RNS out today

It's in there

[cmackay] 07/5/2020 14:53

Deme1, I thought it was moving forward in Zambia. Have you any reference to show it's been stopped?

[deme1] 07/5/2020 14:10

Looks like GLR will have to deal with JLP as part of the deal JLP had done with BMR.

It's not like Colin would look anywhere else anyway, with JLP also being one of his babies.

PROBLEM for GLR is that JLP currently has the construction if it's zinc circuit (at kabwe) on hold due to travel restrictions due to covid.

So star zinc will be on the back burner for a little while. Which "could" mean a few placings on the way.

[someuwin] 07/5/2020 13:01

No buy quote for just £1k now.

[natty27] 07/5/2020 12:53

BZT Bezant Resources in same boat, undervalued & market have cottoned on. Great rise here. Zambian mines are looking hot at the moment with the cooper price on the rise & gold looking good.

[gowski] 07/5/2020 11:23

I'm glad I'm in as LTH :)

[someuwin] 07/5/2020 09:59

TW calling this a potential ten bagger from 0.38p on 1st May 2020.

That means a target of 3.8p

[fillipe] 07/5/2020 08:39

A strong start to the day for GLR and full ask being well paid.

The future's looking bright for the business.

f

[the bull] 06/5/2020 15:20

7.15 mins in says 20-25% grades

Is that right, I thought it was previously reported as around 16%?

[the bull] 06/5/2020 15:10

www.proactiveinvestors.co.uk/companies/news/918989/colin-bird-talks-significant-new-jv-for-bezant-resources-and-what-s-next-for-galileo-resources-918989.html

6 mins in

[someuwin] 06/5/2020 08:35

Big move coming up methinks.

[someuwin] 05/5/2020 15:16

Huge volume today...

[the bull] 05/5/2020 14:20

Thanks mally, still so cheap. I should have been brave enough to grab another few mill when it was under 0.3p, instead put it into PREM where it is down whereas this would have doubled my money :-(

Maybe if we re-test the lows, I will have another nibble

[mally6] 02/5/2020 04:33

https://www.proactiveinvestors.co.uk/companies/news/917418/galileo-resources-is-just-a-few-months-away-from-generating-us10mln-cash-flow-per-year-917418.html

[the bull] 01/5/2020 15:04

hello hello, whats happening here then. Just think how this would move with news 10 bagger coming imo

[fillipe] 01/5/2020 14:51

Wakey, wakey! This has been tipped as a possible 10 bagger.
No reason to sell now for only a few % of a rise.

f

[texaschaser] 19/4/2020 12:37

When is placing?