Galileo Resources Share Discussion Threads

[cmackay] 07/2/2020 16:34

Sleveen, what do you expect to occur between jlp and glr regarding the zinc offtake agreement?

[sleveen] 07/2/2020 09:10

Invested here 3 times, one loss, two profits.

Done well from JLP over the past 18 months. Though I think JLP are entering a period of retrenchment.

[excellance] 06/2/2020 16:42

you guys really don't like the bloke do you...?

why even invest here?

[red rook] 06/2/2020 16:40

... wait for the placing ... Colin will have another placing coming up soon ... one of many to come :-)
... and I doubt he has even applied for the mining license and enviromental permit yet!

[excellance] 06/2/2020 14:16

rock bottom now

[the bull] 28/1/2020 10:40

Yes that's what I am thinking, they are probably already selling ahead to get the price down below last time. As negative as that sounds, it will also give us an opportunity to pile in lower for a 10 bagger+

[sleveen] 28/1/2020 09:32

i'd go with Confetti Colin and his mates rates.

[the bull] 28/1/2020 09:21

£1.88M market cap currently. Have some more money burning a hole in my pocket, add more now or due to delay will Colin go back to his mates for some more cash and give them special rates

[dafrog] 28/1/2020 09:20

News shouldn't be too long, and JLP have the money.

[the bull] 28/1/2020 09:19

From The Jubilee update:-

-- Jubilee is actively engaging with 3(rd) party suppliers of both copper and zinc ore to develop strategic partnerships as part of the expansion of the Integrated Kabwe Operations

[excellance] 21/1/2020 22:12

My immediate plan is to wait six months, if that makes sense.

What happens after that depends on what happens...

[cmackay] 21/1/2020 17:57

I think it's just a waiting game, negotiations and African bureaucracy can take a long time to get any results but it looks likely to be a formality with the licensing and Jubilee are going to be keen to get a deal as well so lots of upside from here imho if you can wait a few more months. In fact I'm probably going to add more once I take profit out of a couple other shares doing well for now.

[excellance] 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.

[tim000] 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.

[excellance] 21/1/2020 16:21

We got news on December 20th

[tim000] 21/1/2020 16:17

Surely we are due news soon! It's not rocket science that the company is performing.

[excellance] 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.

[the bull] 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?

[excellance] 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

[the bull] 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

[cmackay] 20/1/2020 17:53

...on a black and white telly

[excellance] 20/1/2020 16:24

its like watching paint dry...