Galileo Resources Share Discussion Threads

[the skipper] 26/1/2021 16:49

Well the traders have taken their profit and moved on, but it was nice to see some buying during the last half hour or so and that 250k buy reported after the close.

[the count of monte_cristo] 26/1/2021 14:13

The Chairman Elect, I just did that, maybe the penny has dropped.

[40plus] 26/1/2021 14:04

Proactive Interview

[the chairman elect] 26/1/2021 13:57

Yes it most certainly does T C o M_C

And not just KAV but ditto POW

Over on the KAV thread you might need to explain all of this to Tony who is so thick that he was named 8 times in tonytony4

[the count of monte_cristo] 26/1/2021 12:19

It's a great deal for GLR, reduces risk but leaves huge upside exposure and let's another company do all the work. I think Sandfire will find something as they have been very successful with exploration in the Kalahari and no the geology very well.

This also puts a price on KAV's land package, right? Because now one can ascribe a ball park figure based on this deal.

[the skipper] 26/1/2021 11:35

Yep, Colin also pointed out that on the retained licenses there's a dome structure with 37km of conductor. That alone should underpin the current market cap, never mind the upside from the deal, and as Zak Mir pointed out the license sale is effectively a fundraising at a good premium to the recent market price, which is very,very rare these days and gives a solid indication that GLR has been historically under valued.

Colin also mentions news to come on Star Zinc and Glenover with another party doing testwork at the latter right at the moment and states that GLR has been 'grossly undervalued for some time.

Judging by the 300k uncrossing trade at 11 am at 2.38p I am thinking that the MMs are currently hiding buys for later release.

[the bull] 26/1/2021 10:32

Sounds great to me, we offload some licenses for more than we paid for them and if they contain enough copper to become commercial, we gain a success fee of between $0-$80M. They may even be able to help and advise on our retained licenses on the basis that they would stand to benefit on those by purchasing off us. I think we should have bagged at least on that news. But there you go, the weak will leave and us stayers will multi bag in due course

[verulamium] 26/1/2021 09:37

Interview with Colin Bird:

[the skipper] 26/1/2021 09:22

I wasn’t aware of any rumour but it’s a complex RNS and takes time to absorb the full significance of it. Great that it also releases $1.5m cash which can be used to bring forward the other assets though, so I’m definitely in here for the long haul now.

[verulamium] 26/1/2021 09:21

Didn't expect to be able to top up at 2.45p after that news. The irrationalality of markets is quite wonderful sometimes.

[the chairman elect] 26/1/2021 09:12

Buy rumour sell fact?!?!?

[the skipper] 26/1/2021 09:09

It’s a fantastic deal for the company and the 2.68 exchange price should put a long term floor under the share price with massive potential upside. The company has also managed to retain its preferred licences in the Kalahari as a future ‘banker’ which will inflate in value even if left unexplored, subject to Sandfire being successful with the assets it has bought into. I just can’t understand how anyone would be stupid enough to sell below the exchange price when the company also has plenty of upside potential from its other assets.

[dafrog] 26/1/2021 07:22

RNS looks very good to me.

[gowski] 25/1/2021 11:06

Buys trickling in

[the skipper] 22/1/2021 16:59

And a nice push back up after another round of profit taking. Hopefully the news vacuum will be broken here next week.

[robers98] 22/1/2021 08:55

Good start to the morning.

[tonyevo256] 21/1/2021 15:27

It would make more financial sense to do a fund raise after the ML in order to secure a higher issue price. CB ain't daft.

[the skipper] 21/1/2021 13:40

No, he will not be raising until after some news imo. I'm continuing to accumulate.

[the bull] 21/1/2021 12:22

At the right time I am sure he will, should we sell now and then buy back higher

[justtrying1] 21/1/2021 11:15

Cb will raise funds here too

[gowski] 20/1/2021 21:10

The force in this one is strong it is

[excellance] 20/1/2021 15:03

Probably a bit worried that another round of placings, options and warrants is only a few months away.

[the skipper] 20/1/2021 14:52

Some profit taking on this morning's rise but buyers are back in force now with 4 v 2 on level 2, so playing out exactly as one would expect and consolidating nicely ahead of news.

[bennyg83] 19/1/2021 19:02

Great thanks for the information guys. Is this the best place for updates and information? I’m always keeping an eye out on here. If you know any good sites for more info it would be great if you could send me some. Thanks again