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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
  0.05 5.88% 0.90 0.87 0.93 0.90 0.835 0.85 14,970,819 15:43:50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.4 -0.1 - 7

Galileo Resources Share Discussion Threads

Showing 2176 to 2199 of 2575 messages
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DateSubjectAuthorDiscuss
21/1/2020
16:44
Well, it said negotiations with Jubilee were progressing and mining is targeted for q2 2020 with some caveats, and it is those caveats we need news on, so you are correct, but I will be disappointed if we haven't made major progress towards mining by stated target.
excellance
21/1/2020
16:27
The Half Year Report didn't announce any news, it was backward looking. When I say news, I mean news that has a material impact on the share price. There hasn't been any of that for some time.
tim000
21/1/2020
16:21
We got news on December 20th
excellance
21/1/2020
16:17
Surely we are due news soon! It's not rocket science that the company is performing.
tim000
21/1/2020
16:15
But yes you are correct, we should see news that raises the share price for a placing, but there are a few outstanding warrants which will hinder this at 0.60p but only 125m I think. Actually, if we get green lights we could put forward a business plan and borrow on the strength of it.
excellance
21/1/2020
16:09
The bully stealing candy from little kids does actually value his victims...he loves them cos they have candy! Retail investors are there to be milked, and that's how this roulette wheel gets oiled.
excellance
21/1/2020
15:53
so little revenue for some time but the deal (with nice juicy figures) should come a lot quicker and hopefully a raise after the news. However, knowing how colin does it, he lets the boys at shard in first at a discount, which they probably pre-sell. How about at least offering normal shareholders the same deal Colin, that would be thoughtful and we know how you always say you value us?
the bull
21/1/2020
15:34
Header updated, but I think this line here sums up our hopes for 2020 Mining targeted to commence Q2 2020, subject to bulk sample testing and availability of further funding and grant of small-scale mining permit including environmental permit
excellance
21/1/2020
00:27
1.96M market cap and only 558M or thereabouts shares in issue. All very quiet but see JLP are starting to bubble. Colin did target Kabwe production late 2019 so thats running a bit behind but granted not by much. I suspect he will try and raise again within days of good news but as long as that's north of where we are now, i am not bothered although I understand how long termers who haven't averaged down substantially would be. Two porta cabins and and a digger did he say. Tempted to add again
the bull
20/1/2020
17:53
...on a black and white telly
cmackay
20/1/2020
16:24
its like watching paint dry...
excellance
17/1/2020
15:55
JLP for me
deme1
10/1/2020
17:01
Agreed! And on a personal note, considering the length of time I've held here, further agreement!
cmackay
09/1/2020
08:40
zinc stocks getting low, prices beginning to rise, noe would be a good time to announce good news!
excellance
03/1/2020
09:38
Colin Bird (CEO) does hold 10% of the stock, so, yes, it's reasonable to assume he is interested in a better share price!
bookwormrobert
01/1/2020
22:18
As a substantial holder, I'm confident that Colin's interests are aligned with shareholders.
cmackay
01/1/2020
19:59
Interesting perspective. I’m sure we all agree that any further share placings need to dilute as little as possible, and no doubt CB understands that very well. Interesting to see how this plays out.
tim000
01/1/2020
19:53
It wont lift the share price if they bundle up the news with a massive raise in shares in issue. Colin promised that not a lot of money would be needed to get this zinc over to kabwe and he should focus on that, see the revenues pile in and then raise on the back of that
the bull
01/1/2020
16:55
Announcing a JV (assuming that is indeed required) might be accompanied by the application for the mining permit. The award of the permit no doubt will come later, accompanied perhaps by the announcement of a mining contract with a third party. I agree though that major pieces of news may be bundled up, which would help lift the share price
tim000
01/1/2020
15:37
Here's my best guess for 2020... From the outside it looks like we are waiting for several developments with regard to Star Zinc in Zambia - the receipt of the small scale mining licence, the appointment of a mining contractor, the formal signing of the pre-negotiated offtake agreement with Jubilee Metals, and the raising of enough finance to see this project through to production in Q2 2020. I think what we will see is that these developments are all linked together, and that we are in fact waiting for one very big piece of news - that is, the announcement of an approximately 50/50 joint venture with a Zambian mining partner for Star Zinc. The Zambian JV partner (perhaps the very well-connected XTR partner KPZ International?) will be responsible for both the start-up finance required and the actual mining, whilst GLR will commit the Star Zinc resource. The mining licence will be issued in the name of the JV. Likewise, the offtake will be signed with Jubilee in the name of the JV. So, all being well, there will be one monster transformative RNS sometime in the next couple of months, not a series of discrete developments. The price for this? Giving away around 50% of Star Zinc, but no further share dilution. I'd expect the share price to rocket on the announcement of such a deal - given GLR's current tiny mcap it should at least triple. Galileo will also still hold all of Kash'itu for the future. And, of course, their share of Glenover.
bookwormrobert
31/12/2019
11:55
Yes Colin does need to get on and reward those he has brought in from all these investor roadshows. Some good news soon please
the bull
31/12/2019
09:29
2020 could be a good year for these little chaps if they pull their finger out.
excellance
22/12/2019
14:02
bwr, but I've taken the placing into account in my analysis. Have a look at current assets and current liabilities and the placing. Do some 'rithmatic and you get £100k current cash.
sleveen
22/12/2019
08:14
Bezant Resources, another company of which CB is exec chairman, has a prospective JV with local company KPZ International for small-scale copper mining in Zambia. Maybe he has similar plans for a JV at Star Zinc? Edit: Xtract Resources, another CB company, also has a couple of JV projects in Zambia looking to acquire small-scale mining licences. I suspect signing off such a JV agreement is the main reason why an application has yet to be submitted.
tim000
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