Galileo Resources Share Discussion Threads

[dafrog] 12/7/2021 10:54

Now is a better time.

[the bull] 06/7/2021 10:34

Bet we all wished we had added now

[go2nc] 06/7/2021 08:04

The drop has been only sell of low volume. It happens all the time while impatient investors chase rainbows.

[the bull] 05/7/2021 23:45

Perhaps Colin could do an interview and tell us what he knows of the share price decline. I would have said I am a buyer at 1p but, this drop is making me nervous for once

[the skipper] 05/7/2021 20:18

Looks like someone continuing to liquidate a holding to me, but from my perspective that creates better value for those adding at these levels, which I am.

[goingforarun] 05/7/2021 16:49

Looking at the continued decline investors are obviously selling up and moving on due to no news! Better value elsewhere?

[the skipper] 02/7/2021 12:09

No sign of the seller today so I've added another tranche.

[the skipper] 30/6/2021 19:58

As I said, I think we have a distressed seller here and the after hours RNS is probably designed to flush out a TR1 so something can be done about it if there is still a rump of stock left to sell. FWIW I filled my boots on the drop.

[the bull] 30/6/2021 16:51

This is a big old drop now since the sandfire deal. The heli surveys were good weren't they, the deal was real wasn't it. This isn't the new mining bre-x scam that we all wake up to.

No, but we could do with an update Mr B

[the bull] 30/6/2021 09:42

He's doing it for the grandkids and why not

We are waiting patiently for news

[copperz] 30/6/2021 09:39

"(He's made me a ton of money, and lost me a lot of money, btw)"

- of course, the ramping-silent cycle of his companies means you can win and lose. its all about reading it.

the fact that he is still active at 78- does it REALLY mean he is enthusiastic? Or is it a nice way to end your years drawing salaries from various AIM companies, making the odd ramping interview on sharetalk while living in tax exile in sunny UAE and spending the money of your hardworking tax-paying PIs living in the UK?

I think I know which scenario is most likely

[the skipper] 25/6/2021 11:27

As I said a while back I have faith in CB to deliver in spades on this stock as it was the one he highlighted as having the greatest upside potential when I had a one to one with him around three years ago. Since then JLP has grown into a cash cow and I have done very well out of that, but I think the time when GLR will break loose from its shackles is rapidly approaching with this company being CB's largest personal shareholding.

[5teadyeddie] 25/6/2021 10:47

Yes, I'm adding too. GLR is an outright speculation, but as they go it's a pretty good one!

On Colin Bird, I do agree that some of the dealmaking down in these southern African countries is obviously incestuous, so probably much more is incestuous than is obvious to me! But I feel discerning punters can make money when Colin seems to get the best end of it. Also, drilling virgin ground has a low success rate, even great-looking deals are speculative. And as for him talking his own book: he is still in business at 78 because he's an enthusiast, and optimists succeed. Recognise the animal for what he is - we don't have to back every company or deal he's involved with. (He's made me a ton of money, and lost me a lot of money, btw)

[the skipper] 24/6/2021 17:02

This is looking ridiculously oversold now with the RSI standing at 31.28 and loads of news to come. Can't see how it can get much cheaper, so I'm adding small daily tranches.

[the count of monte_cristo] 24/6/2021 09:35

Thanks, sounds like a great time to be buying the exploration stocks during a summer sell off.

[copperz] 23/6/2021 23:53

I wouldnt read too much into how much he bets on his own horses. Here is a great post from BZT share chat which sums up a lot of it.

"Both BZT and GLR have performed spectacularly badly, certainly in the years I've been following them, their mode of operation, skipping from one prospect to another and seemingly incapable of monetising anything and continuing to exist only by repeated placings seems to indicate a management that is there to maintain a lifestyle rather than to build anything of value for shareholders. That maybe down purely to age and lifestyle options but certainly to incompetence and greed"

I mean, have a look back a couple of years back at any of the CB companies and its the same things being said.

[cmackay] 23/6/2021 22:10

Copperz, I didn't continue reading after seeing that you are yet to grasp the fundamental basics of percentage. I wish you well.

[the bull] 23/6/2021 21:30

Let's hope he wants to earn a lot more here with GLR his biggest holding. His deal buying the licenses in Botswana was timely and the Sandfire deal was hopefully a masterstroke. Hopefully even long termers her will at the very least get their money back whilst some of the newer holders like myself, hope to make a killing

[copperz] 23/6/2021 10:23

No, it is NOT normal to be CEO of several AIM miners and be on the board of 20 others. None of my other AIM miners have CEO's who have has many fingers in as many pies.

In fact- i am invested in 5 other AIM miners, and CB holds more directorships than all the other 5 put together.

He used our money in Bezant to buy Metalrock (which he is director of) from Tiger (which he is director of). I dont see things like this elsewhere, not even in the Wild West of AIM mining.

...and he is 77

...and has a poor track record as far as share price goes

...and has a poor record in advancing projects

But hey, nice to live out the rest of your years in tax exile luxury in UAE with all that money raised on the markets.

[the skipper] 22/6/2021 09:48

A lot of the companies are subsidiaries of the others. Common practice in this sector to put the licences into subsidiaries so that accounts and liabilities are ring fenced.

[fireplace22] 22/6/2021 07:47

being pedantic, but get the point, don't forget BMR delisted.

Time he became CEO of BZT- share price 0.5….now 0.25 ( down 50%)

Time he became CEO of XTR- share price 10...now 4.0 (down 60%)

Time he became CEO of Galileo 7.38...now 1.48 (down 80%)

[copperz] 22/6/2021 07:41

Colin Bird:

Age- 77

Residence- UAE (tax haven)

Current record on AIM:

Time he became CEO of BZT- share price 0.5….now 0.25 ( down 100%)

Time he became CEO of XTR- share price 10...now 4.0 (down 125%)

Time he became CEO of Galileo 7.38...now 1.48 (down 400%)

Salary from these 3 companies alone circa £130k (based on last business year records)

Public assets (from listed companies): $3,123,528 USD

Galileo by far his biggest holding at $1.5 million, XTR around $750k and BZT $380k (for full listing see marketscreener)

List of companies of which he is either a Chairman or Director of: African Pioneer Plc, Bird Leisure and Admin (Pty) Ltd, Braemore Resources Ltd, Dullstroom Plats (Pty) Ltd, Ferrum Crescent Limited, Galagen (Pty) Ltd, Galileo Resources Plc, Galileo Resources South Africa (Pty) Ltd, 6 Bezant Resources Plc Board of directors (continued) Glenover Phosphate (Pty) Ltd, Holyrood Platinum (Pty) Ltd, Jubilee Metals Group Plc, Jubilee Tailings Treatment Company (Pty) Ltd, Lion Mining Finance Ltd, M.I.T. Ventures Group, Maude Mining & Exploration (Pty) Ltd, New Age Metals Inc, NewPlats (Tjate) (Pty) Ltd, Revelo Resources Corp, Tiger Resource Finance Plc, Tjate Platinum Corporation (Pty) Ltd, Umhlanga Lighthouse Café CC, Windsor Platinum Investments (Pty) Ltd and Xtract Resources Plc.

I think in total it is 27 companies. You can find the full list and directorships, again, on MarketScreener.



You can see a pattern emerge. Criticism and impatience mounts on LSE/advfn/twitter/email etc there is a sudden rushed outpour of interviews on sharetalk, positive RNS, the share price recovers, then CB returns to one of his other 26 companies (or to the beach in tax haven UAE) and goes quiet for a while. Placings after placings. Warrants after warrants. Dilution after dilution. Rinse, cycle and repeat.

If anyone ever wondered for the slow progress of his companies over the years. Then you pretty much have the answer here. 27 companies- around 7 of them he is the CEO/Chairman….at 77 years old.

You can also understand how overlapping his investments are. Take BZT, which is by no means a cash rich company, it doesn’t even generate income. After a mediocre copper drill assay, out of the blue they bought a manganese company Metalrock (which he was director of) from another company Tiger Resources (which he is also director of). Another of the directors of BZT (I think Finance Director), was also a director of at least one of the other companies. Meanwhile, 5 months after….nothing has been heard about any plans to develop the supposed lucrative ‘drill ready’ manganese sites.

I would double check every acquisition he makes to see if it touches on the web that is his holdings. I just discovered marketscreener but I will be using it to check out every CEO/chairman in future.

Prediction- I am 99% sure that the next week or two will be full of ramping interviews and RNS...watch this space.