Galileo Resources Share Discussion Threads

[plat hunter] 04/7/2019 19:41

You may have to be shrewd in taking it off the table at the right time.All imho of course and all speculation. This game has turned me into a cynic

[plat hunter] 04/7/2019 19:39

That spike Bull, might come on the sable rubber stamping.I reckon the placing is already lined up on the proviso of sable access. So if it's already agreed in principle then so would have the price, of which i'd expect it to be discounted to any share price rise attributed to Sable access.

[the bull] 04/7/2019 11:27

I would buy more here but taking such a thrashing over in PREM that i cannot stomach any more aim stocks. Has to be news soon here on the mining license and then the JLP deal. That surely should see the market cap double and some before being pegged back by likely fund raise

[dafrog] 27/6/2019 10:29

My buy was well timed!!

[cmackay] 26/6/2019 18:01

No its from the Glenover phosphate project iirc. Already has a fertiliser company lined up to buy phosphate and the rare earth element is particularly attractive with the US looking to gain ground on the Chinese domination of global rare earth markets.

Edit: sorry, I thought you were replying to my comment but I think I was mistaken.

[deme1] 26/6/2019 17:29

Peeps on the LSE board seem to think that GLR are in the driving seat with the negotiations.

Forgive me but Colin mentions that IF they needed to build a plant then the resource would not warrant the expenditure. So that leaves the only option being get someone else to process it.

Will JLP be the only viable Zinc processing option available to GLR. If so i think Colin may be in the back seat for this one.

[sleveen] 26/6/2019 17:13

Not impossible, but I'm wary that Birdie is up to his old pump and dump tricks.

[sleveen] 26/6/2019 16:59

Talks about "shipping up ore to Kabwe".

2hrs up the road to Kabwe.

[the bull] 26/6/2019 16:51

If the price remains weak, I shall be accumulating more this week

[excellance] 26/6/2019 16:39

That's just the star resource, they have another slightly bigger on I think, for next year maybe once they start getting income from working star.

[the bull] 26/6/2019 16:38

www.audioboom.com/posts/7300246-galileo-resources-discusses-their-initial-inferred-resource-and-john-meyer-covers-resources-stocks

picked this up on another thread

[cmackay] 26/6/2019 16:38

I think the rare earth will add to the overall value here too.

[pilkersa] 26/6/2019 16:00

Only a minor discepancy with the share price then :)

[excellance] 26/6/2019 15:36

77,000 tonnes of zinc at $2660 per t gives us $200m in the ground.

[excellance] 26/6/2019 15:23

Mkt cap just £2m

[bad gateway] 26/6/2019 15:11

Doesn't state they need an initial $2m just that annual costs would be $2m set against the $15m revenue stream.
Seems quite a good payback for them.

[excellance] 26/6/2019 15:01

This shouldn't take long, it's only open pit to max 60m and no processing on site, so no chemicals and not much infrastructure required, just dig it out and truck it away. Easy.

[the bull] 26/6/2019 15:00

am expecting a spike on that news and then a fall back if/when we have to raise but believe now is the time to buy rather than when that expected news lands imo

[the bull] 26/6/2019 14:59

When they do a deal with JLP, a mutually good deal. Just added another 500K

[deme1] 26/6/2019 14:58

Where do they get the initial £2mil funding before they start to reap the rewards?

[excellance] 26/6/2019 14:57

Don't the government own 5% of star?

[the bull] 26/6/2019 14:54

$15M revenue against $2M cost

[sos100] 26/6/2019 14:51

all dependant on getting a small scale mining licence..


The Company is encouraged to fast track the Project development and to apply with minimum delay for a mining permit to include among other things, undertaking requisite economic and engineering studies for a shallow open-pit mining operation and finalising an off-take agreement for direct shipping ore.