Galileo Resources Share Chat (GLR)

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%	0.51	0.50	0.52	0.51	0.51	0.51	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 1951 to 1973 of 2075 messages

Chat Pages: 83 82 81 80 79 78 77 76 75 74 73 72 Older

Date	Subject	Author	Discuss
08/8/2019 15:10	This has had its day now. No one trusts Bird ! Look at XTR back in the gutter haha. Soon we could have 7151527393939272625252 shares in issue here haha	mreyeguy	Read Full Thread Reply
08/8/2019 15:08	Waiting for the MASSIVE DILUTION RNS here soon haha. Bird always plays pi's like fiddles IMHO	mreyeguy	Read Full Thread Reply
06/8/2019 15:34	I would say stinks of good news on way before placing, we shall see soon	the bull	Read Full Thread Reply
06/8/2019 12:46	Stinks like placing. So unpredictable Colin nowadays	andplus	Read Full Thread Reply
30/7/2019 12:19	⚽ 👜	excellance	Read Full Thread Reply
30/7/2019 12:15	Galileo Magnifico, Magnifico o o o o oo o o o o o o o	the bull	Read Full Thread Reply
30/7/2019 11:46	There's a MUG like you on every board haha	mreyeguy	Read Full Thread Reply
29/7/2019 18:35	The mugs will lose everything on this dog poo haha.	mreyeguy	Read Full Thread Reply
29/7/2019 10:08	Ball ⚽ bag 👜	excellance	Read Full Thread Reply
29/7/2019 04:42	You pays your money and all that ha ha , expect to lose it haha	mreyeguy	Read Full Thread Reply
29/7/2019 04:41	The Bird will shaft you mugs once again here haha	mreyeguy	Read Full Thread Reply
26/7/2019 19:58	Makes more sense.	cmackay	Read Full Thread Reply
26/7/2019 19:49	Worked buy.	excellance	Read Full Thread Reply
26/7/2019 17:32	Apologies, I just realised it was actually yesterday morning rather than earlier today. What was the bid/offer yesterday morning?	cmackay	Read Full Thread Reply
26/7/2019 17:29	At 0.545p, I would say sell. The price held up to it well if it was a sell though.	cmackay	Read Full Thread Reply
26/7/2019 16:17	Any ideas on the 5M trade, buy or sell	the bull	Read Full Thread Reply
25/7/2019 21:11	I have plenty of long term shares where my conviction isn't strong enough to keep averaging down, but some I do	the bull	Read Full Thread Reply
25/7/2019 21:10	Sleveen, if you are a trader then yes, maybe that's good advice. But for me, I believe this will be a ten bagger, thats a 20M market cap company so not a wild valuation for the expected revenue that should start building. But pre announcement is a traders dream and a dream for long term holders. I say long term only arriving to the party by chance a few weeks back.	the bull	Read Full Thread Reply
25/7/2019 17:31	Wasn't there a placing in April? How are you calculating that to have been spent already?	cmackay	Read Full Thread Reply
25/7/2019 17:01	XTR just shafted PIs with a 30% discounted placing following a spike in the share price That fate awaits GLR holders on any spike in the sp, so take your profits quickly on any spike. IMHO	sleveen	Read Full Thread Reply
25/7/2019 11:32	Hi Plat Hunter! Good to see you here as well. There will be two big costs to the Star Zinc operation - the contract mining and the contract trucking. Both don't required any capital investment, but they do require working capital to sustain them until the first revenue comes in. I'm assuming this will be six months from the start up of operations. Colin Bird estimates $2m per year for the contract mining and trucking, so I'm assuming $1m is required for initial working capital. It may help to remember: 1. The contract mining is more like quarrying than conventional mining. It has a very low strip ratio (1:1), and will require only limited use of explosives. Since Star Zinc has been mined previously, there is already a pit entrance, etc. 2. As regards the trucking, the ore will have an average zinc content of around 10% - that's really high. The distance from Star Zinc to Kabwe is 125km, mostly up a decent road. If you allow for two drivers per truck working daylight hours, that should equal two round trips per day. All in all, I think the share price will move well ahead of any placing, and in the end we'll be looking at a dilution of about 20% to get Star Zinc into production. (I.e. I'm basing my calculations on GLR ending up with 500m shares in issue (before warrants at 2p etc.), rather than the 404m currently. Colin Bird owns around 13% of the company, so he won't want to dilute himself more than can be helped!	bookwormrobert	Read Full Thread Reply
25/7/2019 11:23	Hi BWR, thanks, I am also banking on the share issue after the news once it is at higher levels, hence buying now not waiting, hope we are right on that one. Plat - Colin has a hatchback so can do the initial runs to keep costs low. He did mention investing in a crusher so that more could be transported each time	the bull	Read Full Thread Reply
25/7/2019 10:54	Would it be an incorrect assumption to presume that one of the biggest costs will be in transporting the ore from Star to Kabwe? it of course very much depends on the density of the material but it costs JLP roughly $2 er tonne to transport tailing from Platcro to Eland. Establishing what the rough costs of mining and transporting the ore will be will give a great indication of the size of the initial project dilution required. Maybe 2 million, or a 1 for 1 issuance?	plat hunter	Read Full Thread Reply

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