Galileo Resources Share Discussion Threads

[lenses] 01/12/2020 20:40

GLR has REE: hxxps://www.asiatimesfinancial.com/china-enforces-new-export-controls-red-letter-day-for-rare-earths L.

[gowski] 01/12/2020 20:09

Indeed "Detailed evaluation and interpretation of the airborne data will be completed shortly,..."

[cmackay] 01/12/2020 18:11

It's great to see the penny mark breached and held at close of business. Hopefully that will act as new support moving forward. KCB news must be fairly close.

[the bull] 01/12/2020 17:00

Nice move today folks, news coming on KCB or other?

[gowski] 30/11/2020 14:13

Final survey report 'in the coming weeks.' will be a very interesting read

[the count of monte_cristo] 30/11/2020 12:49

Yes, and when they start focusing on the prospects and start drilling this stock is going to get very interesting.

[bullster] 25/11/2020 12:42

. . I did some research around the time GLR were talking to us at JLP about an offtake agreement. I was quite welcoming a deal after Colin appeared in a presentation talking of how he had been down in the open pit, rummaging around with lumps of Willemite that contained over 30% zinc. Wow i thought, that's a lot of zinc content that should benefit both companies. After seeing the resources report which showed general zinc content well below 30%, and thought, what a distorted perception Colin has portrayed, he had me thinking 30% zinc content was the norm. The fact is that Willemite only occurs in small veins, so the proportion of the ore body is going to be small. I share these thoughts from memory of probably a year ago, so do some research as to why Willemite is being pushed to the forefront. I am still looking forward to having an offtake deal with GLR, dalays with our zinc circuit has prolonged the timetable. You all know how shifty Leon and Colin can be, watch, hold and prosper. Willemite won't find a smelter at Jubilee, cos there aint one. . .

[1madmarky] 25/11/2020 11:51

So this would be to sell the ore as is? Not even as a concentrate

[cmackay] 25/11/2020 11:47

The positives are numerous. Implied license approval, multiple options for sales, and of course a cash flow reduces likelihood of further placings. This also means capex for other projects, which are in turn cash cows, potentially.

[goingforarun] 25/11/2020 11:42

Isn’t the positive out of this that it could de-risk further placings?

[the bull] 25/11/2020 10:50

And we are not reliant upon Jubilee

[cmackay] 25/11/2020 10:17

Great RNS! So the license is in the post.

[gowski] 24/11/2020 21:56

I'm not sure people see what's going on here!?

[the count of monte_cristo] 23/11/2020 14:49

My opinion, they will refocus the business next year on the copper side of things, the potential here is massive. A find would be a complete game changer, a 1,000% type increase. That's what I am looking for here, IMHO. hTTps://www.miningreview.com/base-metals/sandfire-resources-pushing-t3-for-development-start-up-with-speed/ hTTps://themarketherald.com.au/sandfire-resources-asxsfr-reports-further-high-grade-copper-silver-mineralisation-at-a4-dome-2020-05-25/

[the count of monte_cristo] 23/11/2020 11:45

It's positive news, a solid base to start from. They have some big hitters on the team, once they firm up some drill ready prospects and start drilling it will start to get interesting here.

[the bull] 23/11/2020 10:28

The price movement today is a bit underwhelming but pleased nevertheless

[cmackay] 23/11/2020 09:12

Yes, I would hope that we could have an update by year end. Quite possibly in the next fortnight.

[the skipper] 23/11/2020 08:32

Yes, excellent news, and hopefully not too long to wait until a further update.

[goingforarun] 23/11/2020 07:36

RNS out...can see why there were large purchases last week?

[cmackay] 19/11/2020 15:35

I was just having a look around for some clues on timescale. We were told preliminary results by 31/10 but everyone knows we're on AIM time. From GLR RNS "EM Survey commences on Kalahari Copper Belt tenure" dated 17/9 htTps://galileoresources.com/investors/rns/em-survey-commences-on-kalahari-copper-belt-tenure/ Extract:- "The survey is being completed using NRG’s Xcite™ Airborne Electromagnetic (AEM) system" And "NRG’s Xcite™ Airborne Electromagnetic (AEM) system is understood to have been instrumental in the discovery of Sandfire Resources’ (ASX:SFR) exciting, high-grade copper A4 Dome Prospect; where recent drilling has returned intercepts up to 18m at 5.2% Cu and 124g/t Ag from 77m down-hole" I had a little look at Sandfire and their quarterlies give a bit of an insight into the kind of thing we may or may not be able to expect. htTps://www.sandfire.com.au/site/investor/reports/quarterly-reports

[the count of monte_cristo] 19/11/2020 12:05

If they have found something in the survey this could easily multibag.

[the skipper] 18/11/2020 17:04

2 x 1.5m buys today, one early doors, one reported after the close yet the chart shows we are down on the day even though the uncrossing trade is at the same price as yesterday's !!

[the bull] 17/11/2020 00:17

They have to be about out now surely. Don't have to declare as they were sub 2% last time. Roll on quarter 1 when zinc comes in. We are waiting for the rare earth deal as well which is overdue. Hog damn, this could motor soon