Galileo Resources Share Discussion Threads

[ernestsyngen] 20/12/2017 12:05

I think it may have reached the bottom. Seems funding ok with news in early 2018?

Perhaps this could really motor from the lows to a respectable level... say 2-3p in short term.

Would appreciate some views before I go Balls deep into this with a respectable holding in January.

Thankyou in advance

[ernestsyngen] 20/12/2017 11:57

I see a few buys today and see some uplift here.



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12:25 08 Dec 2017

Galileo Resources (LON:GLR) 1.375 pence, Mkt Cap £3.5m – Interim Results
• The company has reported a loss of 0.1p/share for the six months ending 30th September 2017 (2016 interim loss of 0.3p/share).
• Galileo Resources reports a cash balance of £1.13m at 30th September and an operating outflow of cash of £366,000 for the six month period suggesting that, at present, the company is adequately financed for its current activities.
• Exploration activity at the Concordia copper project in S Africa, where the company is in joint venture with Shirley Hayes, has been discontinued and Galileo Resources’ “interest in Concordia will be diluted to 15% from 51%.”
• Pre-feasibility studies are continuing on the Glenover Phosphate project in S Africa where the approval of a Mining Right application from the Department of Mineral Resources is pending.
• In Zambia, an initial 1750m drilling programme is expected to start imminently at the Star Zinc project “and will target a mix of resource confirmation and resource enlargement.”
• In Nevada, following the withdrawal of its joint-venture partner, Orogen Gold from all its exploration activities and a review of the results obtained, Galileo Resources has “decided not to renew the licence for the Silverton project.”
Conclusion: Galileo Resources appears to be focussing on the Star Zinc project in Zambia and its Glenover Phosphate project in S Africa, withdrawing from its US exploration and diluting its interest in the S African Concordia Copper Project.

[tomboyb] 20/12/2017 10:08

A little bit of blue -

A big crash from 11p to 1p -

[ernestsyngen] 20/12/2017 08:29

Something is up- somebody is buying today - anybody heard ruhmours?

[ernestsyngen] 20/12/2017 00:19

Did somebody say a 10 bagger....

[wolf_in_the_bath] 19/12/2017 22:36

I've heard they drilled holes in the wrong places ? LMFAO Laughing wolf of Wolfhampton.....

[wolf_in_the_bath] 19/12/2017 22:35

TimberrrrrrrrrrrrrrrrrrLaughing wolf of Wolfhampton.....

[tomboyb] 18/12/2017 13:05

selling at all time lows or close -

I think a few disgruntled inv but may present an opp imho -

but dyor -

[turbotrader2] 17/12/2017 22:38

Anyone not adding here is nutsTightly held and can rocket on nothing

[tomboyb] 16/12/2017 19:15

11p to 1p - Concordia hence 51% reduced to 15%

For me a speculative punt as "mining right" for the Glenover Phosphate project -

Major fertiliser company to undertake pilot on phosphate flotation study -

Results should be due on star Zinc project drilling commenced now -

Jorc on star zinc project -

With the old colin holding 20% equity here I've upped my holdings -

[seanywauny] 15/12/2017 17:24

Newbie looking to get in here soon. Can someone tell me why this has been hammered from 10p earlier in the year as I cannot for the life of me find a single bad RNS to justify it. Copper results due early next year no? Sentiment for Copper on the rise at the moment no? TIA

[tomboyb] 15/12/2017 15:25

Nice 600k buy just gone through -

[tomboyb] 15/12/2017 10:20

Selling near all time lows -

367k Sold at 1.26p -

Bought yesterday -

How many of these guys are losing money -

Penny trading requires a hold for a while or sell higher up -

[tomboyb] 14/12/2017 13:09

Yeah I've just seen it -

A few other buys trickling through NEX -

That overhang could soon be gone if there is further interest -

[turbotrader2] 14/12/2017 10:43

Your trade will/is on NEX

I’m too feeling very bullish here

[tomboyb] 14/12/2017 10:31

I picked up a few at 1.255p -

Not showing but with directors buying at 2p and newsflow soon -

[jungmana] 14/12/2017 10:08

Bought back in yesterday and today. Drilling started at star zinc and news should start flowing soon.Gla

[wolf_in_the_bath] 14/12/2017 06:21

Minor oh Minor come out from under your rock you F ing imbecile your a complete laughing stock this has TANKED !!!!!!! you complete and utter muppet !!!!!!!! Your a CUNexTuesday merchant . Wise wolf of Wolfhampton.....

[wolf_in_the_bath] 11/12/2017 12:48

Minor you F ING imbecile laughing out loud !!!!! People on the GLR / JLP have cottoned on to what a ramping muppet you are !!!!!!!!!!!!! You know absolutely nothing laughing out loud ! Your a amateur ! A chancer ! A CUNexTuesday type of merchant ? Expect your hiding under your rock again you fool ! Laughing Wolf of Wolfhampton.....

[wolf_in_the_bath] 10/11/2017 10:15

Minor just to let you know that little weasel KEVJOW has been put to bed and tucked up like a right kipper laughing out loud . He was also oil magic on LSE who you was talking too on GLR board ? Wise Wolf of Wolfhampton.....

[wolf_in_the_bath] 31/10/2017 12:17

Shout out to The Minor ! This is F ing TANKING today you complete and utter imbecile !!!!!!!!!Laughing Wolf of Wolfhampton.....

[the bull] 23/10/2017 11:52

wow, this has taken a pounding, maybe worth a punt