Galileo Resources Share Discussion Threads

[domple] 21/5/2019 15:16

what a b/s. he says gonna be 1p come friday then sells out so say on a nice profit....yeah right! Just labelled himself a total b/s artiste!

[mreyeguy] 21/5/2019 15:11

SOLD OUT ! Good luck everyone I'm out with a nice profit

[mreyeguy] 21/5/2019 14:47

You sound a bit bitter ? You missed the boat here ?

[domple] 21/5/2019 14:42

Wow this is great. Just like GWMO. check it out before too late.

[mreyeguy] 21/5/2019 14:31

Many believe Colin Bird will do this again and he's NOT a one trick pony. GLR has a lot of potential here. (A) SALE OF GLENOVER ?(B) Concordia copper project restarted?(C) Complete BUYOUT by a 3rd party?

[mreyeguy] 21/5/2019 14:26

Here's the link - https://www.stockopedia.com/content/colin-bird-sets-a-rare-example-at-galileo-resources-60916/

[mreyeguy] 21/5/2019 14:26

*article from 2011*Eighteen months ago Colin Bird, a mining entrepreneur with more than 40 years of experience as an engineer and explorer, sold Zambian copper-nickel group Kiwara plc to Canada's First Quantum for £158 million. As Kiwara's largest shareholder, Bird might have been forgiven for putting his feet up. However, as chairman of Jubilee Platinum (LON:JLP) and with interests in several other operators, including a directorship of Africa-focused oil group SacOil Holdings (LON:SAC), there was little chance of that. In September he brought his latest project to the Alternative Investment Market in the form of Galileo Resources (LON:GLR), a rare earths business boasting 3 million tons of potentially exploitable stockpiles in South Africa. Despite market conditions that Bird describes as the worst he can remember, a listing of the £23m market cap business offers an intriguing option for investors to buy in to the rare earths sector – which fifteen years ago very few mining groups took any interest in.

[snakesbelly] 21/5/2019 13:41

That 400k sell "is a BUY" ;)

[snakesbelly] 21/5/2019 13:40

"Im in" this could be massive, someone knows something hence the continued buying last few days. My target short term is 2p

[ikys786] 21/5/2019 13:09

Boooooooooooom ! Should be a good afternoon GLA

[mreyeguy] 21/5/2019 13:06

*PAST RNS HIGHLIGHTS* 27 April 2016Galileo Resources Plc("Galileo" or "the Company") Update on Concordia Copper Mineralisation Galileo (AIM: GLR), the exploration and development mining company, is pleased to announce a previous exploration area, namely Rietberg, one of several areas within the Concordia project area (Project Area) has been identified from the extensive exploration data base (Data Base), acquired by way of the Cooperation and Joint Venture Agreement with Shirley Hayes, IPK (Pty) Ltd, to host a population of holes drilled to examine the presence of copper and its association with mineralisation type.The O'okiep Copper Company Ltd (OCC) generated, in the early 1970s, the drill hole data, on which this release reports, and such data reveal high-grade copper mineralisation near to surface. Highlights from Rietberg include · The area is approximately 10km northwest from the previously reported Wheal Julia modelled area· Wide mineralised weighted-average copper (Cu) runs greater than 50 metres (m) and up to 100 m thick range from 0.49% Cu (92m) to 1.83 % Cu (53m) - Table 2 below · High grade intersections with a 0.35% Cu cut-off applied are numerous with significantly thick intersections· Most holes over 1.0% Cu within 100m of the surface. Most impressive intersections include 11.0m at 5.0% Cu within 25m of surface, 18.3m at 2.68% Cu from 64m and 64.3m at 1.11% Cu from 70m· 3D and resource estimate modeling to commence early May· Other Concordia areas emerging with similar characteristics to Rietberg· Copper mineralisation strongly associated with diorite rock type, which was previously considered low grade and therefore uninteresting at the time prevailing.

[mreyeguy] 21/5/2019 13:01

I might have to revise my 1p target for Friday haha

[mreyeguy] 21/5/2019 13:00

Concordia didn't go well in 2017, yes drilled holes in the wrong place, but maybe Mr Bird is going to restart the campaign now? As results show there's a lot of copper in the ground?

[mreyeguy] 21/5/2019 12:58

*CONCORDIA RNS 2017*11 August 2017Galileo Resources Plc("Galileo" or "the Company")Concordia Copper Project - Drill Results Update Galileo (AIM:GLR) is pleased to announce the preliminary results of the initial 14-hole drilling programme on its Concordia project ("the "Project"), completion of which was announced on 15 May 2017. Highlights · The Company announces preliminary results of the completed 14-hole 2,170 metre initial drilling programme · The targeting contribution of induced polarity (IP) geophysics to this deposit did not prove precise enough for the purpose of testing the technology as a means for directing future exploration · Copper sulphide mineralisations were intersected more consistently in dill holes targeted by traditional exploration methodology · Drilling of basic rock bodies identified by outcrop, limited ground magnetic survey and previous aeromagnetic survey data intersected encouraging potentially mineable near-surface copper mineralisation with good grade · Best holes, GSPD 008 011 and 014 in basic diorite outcrop, intersected respectively, 6 metres (m) from 23m to 29m downhole assaying 0.90% Cu; 10m, from 28m to 38m, assaying 0.85% Cu; and 8m, from 3 m to 11m assaying 1.06%Cu · Assessment of the results continues in order better to understand the geology and the structural controls governing mineralisation · Decision to turn the project to account for the benefit of the JV parties and to increase the Company's interest in the Project by way of issue of Galileo ordinary shares to JV partner is pending the outcome of this continuing assessment and results from intended completion of the programme with the remaining committed funds · JV partner, SHIP claims the Company should dilute to 15% interest in terms of the Cooperation and Joint Venture Agreement ("Agreement"). This claim is not supported by the Agreement given that no decision has been made by the Company to turn the project to account . Colin Bird CEO said: "The purpose of this drilling programme was primarily to test IP as a tool in detecting sulphide bodies on Concordia. Unfortunately, it became apparent during the programme that that IP was less effective than traditional methods employed in the area. The Company, along with SHIP, therefore decided to direct the balance of the drilling using traditional exploration including visible geology, basic rock outcrops and magnetic geophysics. The results tabulated below are promising and well worth pursuing. At a previous strategic discussion with SHIP, it was decided to continue to drill a number of holes to test for continuity and extension of mineralisation and this we intend to do. After final expenditure of the balance of committed funds and full assessment of results thereafter we will advise SHIP of our future level of interest." Table Summary of Results of Initial Drilling Programme Mineralised downhole intersections (0.2% Cu cut-off) AssayEnd of HoleAnomaly/ TargetTrendProspectGSPD HoleRunFrom mTo mlength m%Cu m 001

[mreyeguy] 21/5/2019 12:51

Sea of blue

[mreyeguy] 21/5/2019 12:47

L2 looks like the MM's are trying to fill a big buy order? Once filled should let this go

[mreyeguy] 21/5/2019 12:46

Not many shares in issue so anyone fortunate to get a quote good luck

[mreyeguy] 21/5/2019 12:46

Negotiated trade to buy again FFS. Can't top up at the minute

[sleveen] 21/5/2019 12:45

No it would be used to mine the near/at surface Zn, assuming an off take agreement, which is very likely.

[mreyeguy] 21/5/2019 12:44

10p payment would be nice my friend this is AIM after all do anything possible, the market's have undervalued GLR for to long now

[ikys786] 21/5/2019 12:43

If Mr Bird sold Glenover would we get a special dividend payment?

[ikys786] 21/5/2019 12:41

This moves quick! With today's rise and yesterday's think it's risen 10% in 2 days. Whoever said 1p on Friday could be right? GLA