Galileo Resources Share Discussion Threads

[the bull] 12/8/2021 11:15

I saw the date the 12th and got excited but realised it was July. Worth putting up still of course. Liking the lift in the share price, news slipping out or investors anticipating upcoming news flow

[the skipper] 12/8/2021 10:15

If the initiator of this board is still around could you please add this link to the recent note from Shard in the header?
www.galileoresources.com/wp-content/uploads/Shard-Capital-Galileo-12-7-2021-R.pdf

[the skipper] 11/8/2021 15:03

Some decent buying today and looks like the tide is finally turning. Us mariners will be guided by the rule of twelfths....

[the bull] 11/8/2021 00:17

Wish I had held off my last purchase at 1.6p but in here for the long hall just like Jubilee for the last 20 years

[the skipper] 10/8/2021 16:46

No sells today, so hopefully whoever was dumping is done. Tried several times to buy this afternoon but couldn't get a quote so I left a fill or kill order which only got filled a few minutes before the close, so I am expecting it to be marked up tomorrow.

[5teadyeddie] 09/8/2021 10:54

Don't overlook the Kanye Mn project. Underrated battery metal. If there are bands of ore at anything close to the 60%+ grab samples it could be Direct Shipping Ore with minimal capex.

[5teadyeddie] 09/8/2021 10:49

At a mkt cap of £12m for 100% of a Kalahri Copper Belt project, with a drilling results coming and couple of million in the bank, this is beginning to look like the bargain of the year.

Against that, the share price chart made a death cross a couple of weeks ago and keeps falling - makes no sense on this occasion.

I'm topping up steadily, too. Now, I think I have enough.

[the skipper] 05/8/2021 11:32

I'm taking advantage of what looks like a distressed seller here. It's not often you get a chance to accumlulate at such a discount to a recent placing price.

[the bull] 02/8/2021 09:23

And any success fee in cash and not shares, that's an improvement. A few more weeks for any bargain hunters then. I have enough

[the skipper] 02/8/2021 09:07

$500k coming in by the end of the month. What’s not to like about that?

[the bull] 20/7/2021 12:27

Better volume today and up again. News must be just around the corner. Bet he does a big raise to let friendly II's in cheap

[the bull] 19/7/2021 12:27

Price is pretty strong today considering other miners are suffering, I am down near £83K on jubilee so far today :-(

[the bull] 19/7/2021 09:47

While that rod is dangling out there and the hours tick away with no nibbles, signal allowing and ADVFN app installed, I think you will be checking in

[the skipper] 19/7/2021 09:38

Ah....good to see it on the website Mr Bull, and the buying continuing this morning. Advfn monitor up the spout today on all my stocks but level 2 showing correct position and the bid has ticked up to 1.30.

Off on a fishing oddysey shortly so I might be missing in action if there is any news this week.

[the bull] 17/7/2021 00:48

Thanks to skips for higlighting

www.galileoresources.com/wp-content/uploads/Shard-Capital-Galileo-12-7-2021-R.pdf

[5teadyeddie] 15/7/2021 09:26

Thanks Skipper, much appreciated!

[copperz] 14/7/2021 18:22

As said, Colin Birds companies are slow burners. Long periods of silence followed by intermittent ramping to shore up the price. Existence by issuing (diluting) further shares rather than revenue. I bet you everyone who holds any CB stocks wish they sold at their peaks a few months ago.

Its summer time in UAE so many people leave as its too hot. Wonder where CB is now?

[the skipper] 13/7/2021 23:30

And finally a quick summary of other projects:

Galileo’s other projects

Galileo has a number of other projects covering different commodities and jurisdictions but with the new focus on the highly prospectivity KCB project in Botswana we provide only a brief overview in this note.

Glenover Phosphate / REE project
Galileo has an overall 33.99% interest in the Glenover project, situated in the Limpopo Province of the Republic of South Africa. The Project deposit is a complex circular carbonatite/pyroxenite plug intruded into sedimentary shale and arenite rocks of the Waterberg Group and is prominently visible as a major circular feature on satellite images of the area. The majority of the mineral assets are located on the farm Glenover 371 LQ. This includes a large open pit mine and various stockpiles of high, medium, and low-grade phosphate-bearing material. Glenover has 3Mt of stockpiles available for processing +7Mt of easily mineable open pit phosphate.
Historical exploitation of the phosphate content in the Glenover deposit resulted in the formation of a series of stockpiles, which contain high levels of phosphate and varying amounts of rare earth elements (“REEs”). Glenover Phosphate Pty Ltd continues to progress DMR approval of its application for a Mining Right which has required some modifications to the design of the proposed Tailings Storage Facility. Glenover has compiled marketing documentation and initiated preliminary enquiries with potential strategic investors with a view to sale or as funding partners.

Ferber gold and copper project

Galileo’s Ferber project comprises 343 unpatented and 19 patented claims covering 7,100 acres in Nevada, USA. The properties are prospective for gold skarn and Carlin-type gold. Historic drilling has returned intersections including 10.7m at 0.59g/t Au, 4.6m at 2.37g/t Au and 12.2m at 0.83% Cu along with rock chip results up to 10.8g/t. Galileo is currently undergoing discussions with 3rd parties in relation to JV/farm-out partners or a sale of the project.

[the bull] 12/7/2021 23:49

Tried tracking the note down without success, hope the company publish on the website soon. Hoping for a better week. Some XTR initial performance maybe followed by some spikyness

[the bull] 12/7/2021 23:13

Thanks for this, now to read it