Galileo Resources Share Discussion Threads

[the skipper] 09/12/2021 20:53

The share price reached 2.3p back in February but the company is actually in a much better position financially than it was then. We've had some share issuance via warrants but dilution has been very modest, so I am pretty disappointed to say the least with such a modest rise today. Hopefully we'll see it building on today's gains in the days to come.

[papillon] 09/12/2021 12:17

1p in the short term wouldn't surprise me. Maybe even 1.2p? We shall see. Share prices are impossible to predict.

[the count of monte_cristo] 09/12/2021 11:12

If the market was stronger then it would be up 30-40% on this news. It's bottomed now, in my opinion.

[the skipper] 09/12/2021 10:24

Excellent interview with plenty more gas left in the tank here.

[papillon] 09/12/2021 10:08

I agree, TCofMC. GLR is well worth buying at the current price. I bought last week and had a very small top up this morning.

[papillon] 09/12/2021 10:03

papillon 1 Dec '21 - 01:02 - 952 of 965 Edit
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I make it that those shares issued to Colin Bird are priced at 0.615p, a big percentage discount to the current share price of 0.825p. He is not taking any chances.

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Excellent timing by Mr Bird. Do you think he knew something? 🤣

Good news for shareholders today. GLR has some interesting "irons in the fire"

[the bull] 09/12/2021 09:58

Should have seen a 100% rise on this today surely.

Anything under 1p I believe will be seen as a complete bargain soon. I am pretty much spent out though

[the skipper] 09/12/2021 09:35

Talking of drill bits, an update on the Kalahari drilling seems long overdue. Maybe CB has been holding back on it pending the release of today’s news so that it is released into an environment where the market can appreciate that there are no worries about dilutory funding?

[the count of monte_cristo] 09/12/2021 09:27

Yes, it's all in the RNS, although that 4.95% can't be sold until 2023 it seems. If I get the chance I really want to build a larger position here during these depressed prices, this is when one makes the real money. CB continuing to deliver in his copper focus strategy. Deliver value with the drill bit now.

[the count of monte_cristo] 09/12/2021 08:34

The Skipper7 Dec '21 - 14:48 - 954

Good call. How do you feel about this? Refocusing more on the copper assets and the copper story it seems, with the cash resources to do it.

[the count of monte_cristo] 09/12/2021 08:26

29% of 11.64m isn't more than 9m GBP

[the count of monte_cristo] 09/12/2021 08:24

Is it more than the current market cap?

[source] 09/12/2021 07:15

So we're selling just one of our assets for more than our current market cap. Well done again AIM. Regards

[the count of monte_cristo] 09/12/2021 01:46

CB continuing his strategy to focus on those smaller copper projects which will be required to fill the gap in the coming supply of the worlds copper needs.

[papillon] 07/12/2021 14:57

No, I saw it. News unlikely to have an effect on the sp

[the skipper] 07/12/2021 14:48

Well has everyone missed today’s RNS or just given up on the company?

Looks to me that CB is planning for a future without Glenover and Star Zinc. Hopefully there will be some news on Glenover in pretty short order.

[the count of monte_cristo] 01/12/2021 02:29

Goingforarun - why?

[papillon] 01/12/2021 01:02

I make it that those shares issued to Colin Bird are priced at 0.615p, a big percentage discount to the current share price of 0.825p. He is not taking any chances.

[goingforarun] 30/11/2021 12:22

You would think, if they’ve just issued shares then no news for a couple of months?

[the bull] 30/11/2021 10:05

Is that your positive spin on it :-)

we need some good news and soon

[the count of monte_cristo] 30/11/2021 08:57

Directors building up their positions.