Galileo Resources Share Discussion Threads

[fireplace22] 23/6/2020 06:22

JLP will be under considerable pressure from the Zambian Govt. to make a start on processing the toxic zinc and lead tailings currently making Kabwe the most polluted site on the planet.
No doubt their access to other assets in the country is likely dependent on the removal of this death trap. Considering the zinc from the tailings is best processed in combination with a richer source of ore, Stars material should soon be in demand.

[the bull] 23/6/2020 00:25

Seems JLP are still committed to zinc etc if what I read is correct. That's good news for both (sister) companies. Best to spread your eggs old chap and have some exposure here

[deme1] 19/6/2020 13:09

I just wonder how long GLR will be waiting for us to process star zinc. No offense but i would rather JLP not touch it and focus on PGM's, copper and cobalt. And possibky come back to jlp in a year or two when you have copper deposits about to come into play :)

And me highlighting director buys in JLP. I have highlighted them for the reason that Leon has NEVER bought any.

[the bull] 19/6/2020 12:52

And deme- you have been banging on about director purchases on the JLP thread for years and when we get one here you make a negative spin on it. Make your mind up and be consistent. 9.7% up today now.

[the bull] 19/6/2020 12:48

I did say that deme but thanks as a non shareholder for reminding shareholders about it. Suppose you don't mind that much missing a 9% rise here today? you can carry on denying it, but you could have doubled or near trebled your money here

[the bull] 19/6/2020 12:45

GLR is like silver to JLP gold

9% up today and JLP up 3%

I'm liking the way this is shaping up. If we can avoid a second peak, both will reward investors or if another peak, give us more chance to buy cheap. If only we could have all loaded up more early/mid march. I did a but but not enough

[plat hunter] 19/6/2020 12:30

There's definitely provisions in the JV for third party off take agreements.

[deme1] 19/6/2020 10:48

Two things about director deals.

1. the director shows confidence in the company.

2. Don't expect any deals in the short term, as that would have made it impossible for a director to buy shares.

[someuwin] 19/6/2020 09:44

Yup - good vote of confidence. CB isn't in the habit of throwing money away.

[the bull] 19/6/2020 00:27

Missed the rns until this evening. So CB buys another 2.6M, excellent news, a reasonable purchase and he now has 8.?%

I am happy with what i have here and have some price protection but any weakness due to virus etc, I will be adding. CB buying does however, rule out any imminent news unless he can prove he didn't know it was going to suddenly break

[the bull] 18/6/2020 17:28

Both for me

[deme1] 18/6/2020 16:12

jlp for me

[texaschaser] 11/6/2020 14:22

deme jlp pump dogging

[deme1] 10/6/2020 09:18

She is running out of steam and interest here.
Do the right thing and buy into your white knight (JLP)

[texaschaser] 07/6/2020 11:45

plat jlp pumper gets it wrong all time hahaha 🖕🏻

[plat hunter] 06/6/2020 14:11

Bull, that wouldn't be such a bad claim if you wasn't as much as 40% down just a few weeks ago.Absolutely nothing has changed here apart form that Colin has greased the palms of a few one man band media tipsters prior to him needing access to either cash or terms.

[the bull] 06/6/2020 13:59

you come back in a year and see how you coulda made, im up 40% already in less than a year

[plat hunter] 06/6/2020 11:07

Forgot to add that old CB was a shareholder and on the bod at BMR too.

[plat hunter] 06/6/2020 11:05

The costs over possible revenue are indeed very small but I'm not too sure that they are small compared to GLR's existing capital provisions.Very much doubt it the ore will find it's way direct to a refinery from the digger, even if the refinery is only situated in Kabwe.Any JV will require all parties to be able to cover their share of project costs and bau liabilities, pursuant to the agreed share in any venture.There will either be further placings here or GLR will ultimately surrender JV interest pursuant to the risk and costs they are physically unable to underwrite.Look no further than how Kabwe was re-negotiated several times as it increasigly became apparent that BMR couldn't raise their fair share of TOTAL JV costs.Don't expect any helpful nepotism either... JLP are too far down the road with an institutional reputation. Any such favours would do more harm to JLP than it would benefit GLR

[texaschaser] 05/6/2020 08:27

iamgreat1 guru of all shares on planet in own head

[the bull] 04/6/2020 12:56

Get rid of the weak holders and 10% ers and what this baby rise in the coming months

[the bull] 04/6/2020 12:35

Read the star zinc figures with all that revenue due to come in (albeit delayed) with very small costs. Then look at the market cap even as it is now. Then work out a sensible market cap and thats well above where it is now.

[iamgreat1] 04/6/2020 11:53

This should never have gone this high It will now fall back down like it should

[the bull] 04/6/2020 11:50

the raise was at 0.8 so expected it to drift to that but not below tbo. I am patient like I have been here at JLP so can handle any short term drop. Leons cannon could of course be fired up any time