Share Name Share Symbol Market Type Share ISIN Share Description
Galileo Resources Plc LSE:GLR London Ordinary Share GB00B115T142 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.43 0.42 0.44 0.43 0.43 0.43 0.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.4 -0.1 - 2

Galileo Resources Share Discussion Threads

Showing 1926 to 1950 of 2225 messages
Chat Pages: 89  88  87  86  85  84  83  82  81  80  79  78  Older
DateSubjectAuthorDiscuss
25/7/2019
10:25
Hi Bull! Good to see you here as well as in JLP! I don't think there will need to be that much dilution to get Star Zinc into production. The company raised 500K back in April, and it can't have spent all that much since then. So I think they have enough cash to keep going for now. They will need working capital for the contract mining operation - I estimate about six months' worth, which should equal about $1m (taking CB's own estimate). There are various ways they could get this money - Glenover or Ferber sale, Jubilee pre-finance arrangement, bank loan etc. However, that said, I think an equity raise is the most likely way. That equals a maximum dilution of about 33%. BUT, Galileo won't really need to raise money until after the offtake has been signed and the small scale mining licence issued. Surely the share price will be much higher by then? That would imply a much smaller dilution. My fundamental position here is still that this share is currently completely mispriced. AIM can do this sometimes, and we should all take advantage as much as we can!
bookwormrobert
25/7/2019
10:22
I watched GGP go from £3m m/cap to £25m and will not do the same here, £2m entry point is unreal - I know there were fewer shares around but this did hit 12p once if I recall. At 1p this would only be valued at £4m
observer007
25/7/2019
10:16
I am in and ready for action, I am sure we will end up with many more shares in issue but not until we move up significantly after kabwe news
the bull
25/7/2019
10:00
The float is low, only 404m shares issued, most tightly held according to the major shareholder list. In the above circumstances have seen modest volume move the stock disproportionally. Good luck in the quest to buy in !!
observer007
25/7/2019
09:46
The 2m purchases are listed as 4 minutes apart, so surely not a rollover. Yet only one of them is listed on HL.
cmackay
25/7/2019
09:40
Are we getting ready for a doubling at least of the share price soon imo
the bull
25/7/2019
09:39
Nice couple of 2M buys, not me sadly
the bull
25/7/2019
09:24
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
observer007
25/7/2019
09:11
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 ----------->> HTTPS://audioboom.com/posts/7300246-galileo-resources-discusses-their-initial-inferred-resource-and-john-meyer-covers-resources-stocks
thecoyone
17/7/2019
11:47
Eyeguy pumping this up on Twitter. That normally means a placing coming? lol
peterbarnet
16/7/2019
14:44
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
the bull
16/7/2019
12:59
BMR Debacle.. No cash and placings that went out the door to BMR
plat hunter
16/7/2019
11:52
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
11:49
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.
the bull
16/7/2019
10:19
See this RNS for why BMR have the shares: https://uk.advfn.com/stock-market/london/galileo-resources-GLR/share-news/Galileo-Resources-PLC-Kabwe-Residual-Rights-Acqu/80189304
on target
16/7/2019
10:00
These guys like this company Http://www.bmrplc.com/
excellance
16/7/2019
07:42
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!
bookwormrobert
16/7/2019
04:50
No one trusts The Bird
peterbarnet
16/7/2019
04:50
This should be SUB 0.25p
peterbarnet
16/7/2019
04:49
Your talking "Bull" lol
peterbarnet
12/7/2019
13:05
Zinc inventories low, price should move higher
excellance
11/7/2019
12:35
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
12:25
JLP have their sable signed off so hopefully not long for us now, then that nice deal can be announced
the bull
08/7/2019
14:01
I expect we'll see a few days like today in the next few weeks.
excellance
08/7/2019
13:50
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
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