Galileo Resources Share Discussion Threads

[excellance] 21/8/2019 19:12

I think the high grade shallow ore is surrounded by lower grade material, probably deeper too, so revenue from this could pay for more exploration, expansion, maybe deep mining, and of course the other pockets nearby.

[plat hunter] 21/8/2019 19:07

All depends what the placing level is going to be. I suspect JLP might take part in a funding round, so they get tolling along with earnings and capital growth. Question is though, with only 6 years life of mine what has Colin got lined up with all the money GLR are going to produce out of Star?

[sleveen] 21/8/2019 17:07

Still say JLP should pop in a cheeky bid for 1p.

[bookwormrobert] 21/8/2019 16:44

Colin Bird has said they plan to use contract miners and contract truckers, so GLR shouldn't need to buy any kit. They'll still need working capital for about six months' operations, IMO. I make that requirement about a million quid. They raised in April, so they have money for ongoing corporate expenses for a while. But they don't have that kind of money. So either they will have to sell the rare earths project, get a loan from Jubilee or a helpful bank, or raise for that much. Probably the last one. Still, I make this share pretty compelling value.

[excellance] 21/8/2019 16:19

They are going to have to find a couple of million for working capital to get the show on the road. A loan is unlikely unless convertible, tho maybe an offtake agreement could provide finance from JLP...Maybe?

[sleveen] 21/8/2019 15:45

News of a deal and a loan (rather than a placing) with the resource as collateral with JLP, would do wonders for both stocks IMV.

[excellance] 21/8/2019 15:43

I'm not sure this news was unexpected, so it shouldn't really have moved the market really. I think even permitting confirmation is also expected in due course. News of a deal to monetise the ore is however of great importance probably. How much will a fleet of diggers and dumpers cost?

[the bull] 21/8/2019 15:39

12% vanished due to short term 5% ters or forward selling a placement by some insiders

[excellance] 21/8/2019 15:31

There's the jork 2012 confirmation, now they apply for a mining permit.

[gowski] 21/8/2019 13:20

Plus we have the rare earth in the background

[the bull] 21/8/2019 12:36

looking good prior to the news on the deal, this is exactly what we want to see

[gowski] 20/8/2019 17:36

https://twitter.com/Oilplayer2009/status/1163730695421927426

[thewardog] 16/8/2019 05:20

Notice that Eyeguy cvnt on twitter been ramping this up for a few weeks now. Normally when he does this there's a placing round the corner! Check his history! Think that cvnt works for a broker in the city.

[thewardog] 16/8/2019 05:19

The Bird will once again SH1T on any mugs who invest in his companies with a MASSIVE PLACING ? hahahahah

[kinwah] 15/8/2019 23:55

Probably the first week of September. But there should be some good news first to push up the share price. You don't have joint brokers of Novum and Shard and not use them to raise funds. With the right background they should be able to raise up to £1 million. Just guessing - I don't have any actual knowledge of any placing.

[thewardog] 15/8/2019 20:34

When's the Bird gonna do another PLACING ?

[observer007] 12/8/2019 21:49

From LSE This commentary on Galileo by Alister Ford has probably been missed by most ....... HTTP://tinyurl.com/y6lx6cfd 'So, there’s a lot going on inside Galileo, and an asset base that seems to justify a much steeper valuation. How long it will take for that value to show through remains to be seen, but once the shares move it seems a sure bet they will move rapidly'

[the bull] 12/8/2019 17:37

www.proactiveinvestors.co.uk/companies/news/222414/galileos-glenover-rare-earths-project-already-boasts-a-pea-and-a-large-stockpile-of-ore-thats-already-been-mined-222414.html

[sleveen] 12/8/2019 16:55

JLP OPERATIONALLY (but not comms) firing on all cylinders. Kabwe/Sable conditions precedents met, a deal with JLP might see GLR much higher, but 8p is unlikely in the short to medium term I'd say.

[regandharry5] 12/8/2019 16:32

Back to 8p soon.

[pilkersa] 12/8/2019 14:43

Biggest volume in ages. Looking good....

[the bull] 12/8/2019 09:27

nice breakout this morning

[mreyeguy] 08/8/2019 16:10

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