Galileo Resources Share Discussion Threads

[soulsauce] 26/4/2022 07:57

Great news. Let's hope we have a decent lithium deposit.

[gowski] 26/4/2022 07:51

"Primary lithium grades at the Kamativi mine could well be higher than reported in tailings"

[duckham] 24/4/2022 11:04

In addition to the £5m cash balance announced on the recent update, we might have already received the £530k from Afrimat based on 30th March announcement, and we are now looking at 15th June for the £5.3m from Afrimat (unless an extension is granted.

Add in the value of the Sandfire shares we were granted and the current market cap represents the Cash in the bank/Cash coming into the bank in June - and that is ignoring royalties from Star Zinc and the other actual assets themselves.

Huge upside, and a significant re-rate potential.

[gowski] 24/4/2022 09:54

Cant take credit.. Posted on lse

[duckham] 23/4/2022 18:32

The positive from this week was a significant uplift in volumes, and ended up higher than the start of the week. A lot of shares exchanged hands and those taking them up will want to see this higher. I anticipate even more newer hands coming on board who can see the potential upside replacing the 10% traders. It all adds to the market in a good way. Far more to come. Serious upside! Patience.

[the skipper] 22/4/2022 13:47

Very, very cheap since the spike up to 2.3 in January last year, given the limited share issuance since then (mainly through the exercise of warrants), the significant amount of cash that has come into the coffers, and the revenue stream it now has. For the life of me I cannot understand why anyone would chose to sell whilst the share price is down at these levels.

[the count of monte_cristo] 22/4/2022 13:10

Hello, I think it's cheap and undervalued and well position for this year. Could rise strongly with the projects and news flow they have. IMHO.

Hope that helps.
TC

[2603] 22/4/2022 11:43

Hey count, as you know I am in xtr in a big way. Looking to maybe invest in here, what’s your opinion on this stock.

[duckham] 22/4/2022 07:51

I read that the market likes to shake off the weaker investors so that a smaller number of investors go on the journey to multi bags. In my experience that is true. And that is why some patient investors make a load of money, whereas the masses do not. Multi-bagger in 2022.

[the skipper] 21/4/2022 22:08

Good find Gowski. The comment that “While T3 forms the backbone of the project, further resources in the area are likely to provide ore to the Motheo processing plant” bodes well for GLR’s interests in Botswana.

[gowski] 21/4/2022 19:44

https://www.miningreview.com/base-metals/sandfire-resources-motheo-its-all-systems-go/

[gowski] 21/4/2022 19:41

Yep, mms playing games and clearing the day traders. FOMOs im coming me thinks. Roll on next RNS as thatll tick some boxes for investors.All imo dyor ymca

[kilijarslan] 21/4/2022 13:08

Absolutely no fund raise. This co is a cash cow chap!

[kilijarslan] 21/4/2022 13:07

Buy the dip

[soulsauce] 21/4/2022 13:03

Certainly a strange day :-/

[festario] 21/4/2022 13:02

9% up to 6% down.... only on AIM eh?

[jfreshfield] 21/4/2022 12:31

I don't think so. Plenty of cash - royalty income inbound and assets up for sale.

[festario] 21/4/2022 12:17

Heavy selling into any rise here.Is there a possibility of needing a fundraise? ie Forward selling?A genuine question, I'm not deramping.

[jfreshfield] 21/4/2022 12:08

Are we expecting news soon here?

[duckham] 21/4/2022 10:13

Interesting week. Far more positive things to come in the weeks and months to come.

[soulsauce] 21/4/2022 10:05

Good to see another strong performance so far.

[gowski] 21/4/2022 07:51

I reckon if we tick up today, its the 'beginning' dyor imo

[axonic] 20/4/2022 17:34

Hopefully a 10x. I really trust CB and it does look good at the moment. Decent mining stocks outside of Russia should all do well near to mid term imo. Nice finish today.

[duckham] 20/4/2022 15:43

10 Bags this year.