Galileo Resources Share Discussion Threads

[nick rubens] 23/5/2016 08:28

The only mining tiddler with interesting prospects that hasn't bagged yet.

News flow due:

$4m due for Glenover Phosphate( It's been going on a while but still brewing here with extended completion date set).

Silverton farmed in earlier this year.

Concordia Copper project (open pit) low cost looking huge. Once ARS Coper project was noticed it sent the share price flying. A bit of PR here and we may get the same.

[gkp heros] 23/5/2016 08:18

It's on the move again!!

[turbotrader2] 22/5/2016 17:18

I've bought 650k on Friday alone

[gkp heros] 22/5/2016 12:24

Something is giving you can see by the volume and the increases over last 3 sessions. Breaks 1.35p we are on the move north for sure next week

[turbotrader2] 22/5/2016 11:42

Something needs to give been too low for too long imho

[gkp heros] 22/5/2016 11:04

Colin will be the man to pull of the end game he's done it before and will do it again. Kawara Plc was sold for $280 million!!

[turbotrader2] 22/5/2016 10:47

CB owning 25% is outstanding

[oakville] 22/5/2016 09:48

Looking at the shares in issue reminds me of MTR. 0.075p - 5.8p within a 2 week spread !

[turbotrader2] 21/5/2016 10:01

GKP Me a ramper?ROFLMAO

[gkp heros] 20/5/2016 21:23

You have to remember people only 30% of these shares are the publics hands over 70% are major share holders. When this moves it moves fast as there is no stock available

[gkp heros] 20/5/2016 21:11

We don't need the likes of you here turbo trader. Go and ramp else where this share is going places without your ramping

[turbotrader2] 20/5/2016 19:21

This is going places IMHO

[nick rubens] 20/5/2016 16:21

If we get any news on that 4$m due, then it should do 100%. That aside there has been a Farm In and the Concordio Copper mine may become something valuable ARS style.

[turbotrader2] 20/5/2016 15:13

You can't buy now

[turbotrader2] 20/5/2016 14:19

I've bought in today All will be good now I'm here

[gkp heros] 18/5/2016 10:28

Totally under the radar

[nick rubens] 18/5/2016 09:42

$4m due for Glenover Phosphate

Silverton farmed in earlier this year

Concordia Copper project (open pit) low cost looking huge.

All the ingredients for a rerate. Must be under the radar still.

[gkp heros] 18/5/2016 08:57

Some nice buts going through today

[ryan83] 11/5/2016 10:00

GKP, any idea how much cash GLR will need to get these open pits up and running? I know they are due $4m from an asset sale, just wondered what the funding gap might be? Also in that interview CB alludes to further disposals (i think) which assets do you reckon are up for grabs

[l2e] 10/5/2016 12:09

Project update sbout

[gkp heros] 30/4/2016 07:04

LONDON ( Alliance News ) - Galileo Resources PLC Wednesday said the exploration database that was recently acquired covering the Concordia project in South Africa has identified one area that has been previously drilled in the past, revealing high-grade copper mineralisation close to the surface.Galileo acquired the exploration database covering the project and has since analysed it, which has identified one of several areas within the area that has been previously drilled by its former owners back in the early 1970s.The area, named Rietburg, lies around 10.0 kilometres from the previously reported Wheal Julia area. Galileo said back in late March that the modelling completed over the Koeelkop prospect estimated it held 4.2 million tonnes at 0.59% copper, whilst the Wheal Julia prospect held an estimated 37.7 million tonnes of ore at 0.55% copper.Galileo said the wide area of copper mineralisation at the newly identified Rietburg area is over 50.0 metres thick and could be up to 100.0 metres thick, with average grades ranging from 0.49% copper to 1.83% copper. The company said there are numerous high-grade intersections that hold "significantly thick" intersections with a 0.35% copper cut-off grade.Most of the holes that have been previously drilled in the Rietburg area and delivered grades of over 1.0% copper are within 100.0 metres of the surface.The "most impressive" intersections include 11.0 metres at 5.0% copper within 25.0 metres of the surface, 18.3 metres at 2.68% copper from 64.0 metres below the surface, and 64.3 metres at 1.11% copper from 70.0 metres below surface.Galileo will now move onto conducting 3D seismic and begin work on the resource estimate modelling, which will both start in early May. The company said there are other areas emerging at Concordia that have similar characteristics to Rietburg.Importantly, the copper mineralisation that is being identified is "strongly associated" with diorite rock type, which the company previously considered as a low-grade type of rock and therefore uninteresting prospect at the time."Open-pittable copper ore close to surface is not the norm in the copper mining industry. What is beginning to emerge is the propensity of the Project Area for a mixture of high and low grade bodies, which could be phased to feed a central processing plant providing potential flexibility and optionality," said Chairman and Chief Executive Colin Bird .Galileo can earn up to a 51.0% stake in the Concordia project through its 51.0% stake in Shirley Hayes IPK (Pty) Ltd by spending ZAR10.0 million , or GBP500,000 , on exploration and development on the project over a 14-month period.Shirley Hayes IPK (Pty) Ltd owns the prospecting rights over the project and also was the supplier of the exploration database analysed by Galileo, which is still ongoing.

[gkp heros] 28/4/2016 06:22

Poster the old trout on iiiCouldn't agree more. I met Colin Bird last November and had a long chat with him about JLP but when I asked which of the five companies that he is a Director of had the greatest potential he was quite unequivocal in stating that it was Galileo. He has a massive personal holding here and thus a huge incentive to make it a success. He's just done a cracking deal on the gold prospects but South Africa should be a real company maker imo and now all its resources can be focused on that with ORE stumping up the cash for Nevada, and cash coming in from Glenover to fund further exploration in SA.Absolute no brainer at this price imo.Tot