Galileo Resources Share Discussion Threads

[cmackay] 25/7/2019 10:46

The 2m purchases are listed as 4 minutes apart, so surely not a rollover. Yet only one of them is listed on HL.

[the bull] 25/7/2019 10:40

Are we getting ready for a doubling at least of the share price soon imo

[the bull] 25/7/2019 10:39

Nice couple of 2M buys, not me sadly

[observer007] 25/7/2019 10:24

I love quiet BB's, bought 1m on the strength of that podcast will add more, Copper in Zambia dug out by contract miners, will be processed by Jubilee and sold locally, income to Galileo $8m+ per annum.

£2.5m m/cap is a farce

[thecoyone] 25/7/2019 10:11

Interest is building here - as I see it - Copper in Zambia

Toll Mining deal with JLP ---->> Small scale Mining Licence ----->> Income £8m - £10m per annum

If that happens this could have a £30m+ market value verses the current £2.25m

Real blue sky potential ahead ----------->>

[peterbarnet] 17/7/2019 12:47

Eyeguy pumping this up on Twitter. That normally means a placing coming? lol

[the bull] 16/7/2019 15:44

But still less than 500M shares in issue and those assets owned now. After a deal with JLP which is almost certain, there could be more upside here than at JLP, at least in the short term. If I had not squandered a load at PREM, i would be accumulating here

[plat hunter] 16/7/2019 13:59

BMR Debacle.. No cash and placings that went out the door to BMR

[the bull] 16/7/2019 12:52

I haven't been in these that long but realise they have come down since 10p levels in 2016. What happened back then so that the price collapsed as there surely hasn't been that much dilution over the past couple of years

[the bull] 16/7/2019 12:49

I wonder if they will keep them after the lock in period. After their lock in period ended with jubilee they started selling. Then Jubilee stepped in and managed the sale to some institutions until they were fully out. I would imagine that the same will happen.

[on target] 16/7/2019 11:19

See this RNS for why BMR have the shares:

[excellance] 16/7/2019 11:00

These guys like this company

[bookwormrobert] 16/7/2019 08:42

OK, so you've got a grudge against Colin Bird. We get that; that can happen.
But Galileo right now is hugely mispriced.
Its market cap is less than $3m (USD). But it has a very credible plan to produce 12,000tpa of zinc at a very low cost within 4-6 months that will lead to earnings of above $10m per year for the next 6 years, and with a big exploration upside as well.
All Galileo need is an offtake agreement with Jubilee for the ore's processing, which should arrive in the next few weeks, a small scale mining licence from the Zambian authorities for the simple quarrying style operation planned (and we know Colin Bird has excellent relations with the Zambian government), and a small amount of working capital to cover the start-up costs of a simple contract mining and trucking operation. Nothing too challenging there!
IMO, this is one of those cases when AIM has simply got a share price wrong. Normally, it overvalues rubbish companies, but occasionally it undervalues a company with real prospects. You'd be a fool not to take advantage!

[peterbarnet] 16/7/2019 05:50

No one trusts The Bird

[peterbarnet] 16/7/2019 05:50

This should be SUB 0.25p

[peterbarnet] 16/7/2019 05:49

Your talking "Bull" lol

[excellance] 12/7/2019 14:05

Zinc inventories low, price should move higher

[the bull] 11/7/2019 13:35

Put my money where my mouth is and another 500K added, 2M now and that's enough as am exposed to JLP with 5M

[the bull] 11/7/2019 13:25

JLP have their sable signed off so hopefully not long for us now, then that nice deal can be announced

[excellance] 08/7/2019 15:01

I expect we'll see a few days like today in the next few weeks.

[excellance] 08/7/2019 14:50

I think this has got legs, despite zinc prices being silly low. I think someone is buying in with full knowledge of what is around the corner, and others without that knowledge are selling a few to derisk and bank a little profit.

Time will tell.

[excellance] 08/7/2019 11:06

Nice move today. Placees taking positions pre good news and imminent placing?

[jon123] 05/7/2019 19:31

i think this could be a good investment if they can get the mining license and the zinc operation up and running but its 3-9months out according to the company

the real hidden treasure for is the RRE if they can get that off the ground lol or out of the ground

[excellance] 05/7/2019 18:39

Heading in the right direction...

[cmackay] 05/7/2019 16:52

Understandable