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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
  0.075 4.48% 1.75 1.70 1.80 1.85 1.675 1.68 5,924,018 16:24:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.6 -0.1 - 16

Galileo Resources Share Discussion Threads

Showing 2451 to 2474 of 2825 messages
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DateSubjectAuthorDiscuss
24/7/2020
12:54
Well I'll chuck it a bone but not before JLP RNS Zinc circuit updates for Sable in 2021
plat hunter
18/7/2020
17:03
Well worth spending the 2.99 if you are invested to watch the Presentation on Mineprophets. Colin clarifies some points in the Chat afterwards. Of Colin's companies note that his percentage ownership is greatest in Galileo (8+%) so selfishly (I hope) he picks the best prospects for GLR!. In the show today, Paul Atherley speaks about Rare Earths via the newly listed Pensana Resources(PRE). Happy to have exposure here to Rare Earths via the Glenover Project where GLR have a 34% stake. It's also clear that Colin is very keen to get on with the newly acquired Copper Project. Hope I have as much enthusiasm in my pensionable years!
40plus
18/7/2020
09:36
We've seen aboiut a 30% drop since he last presented so by September we should be trading at about half a p on that basis.
ginko3
17/7/2020
18:44
Galileo is presenting online & available noon-1pm tomorrow for questions to management, which may be of interest to those here - htTps://www.mineprophets.com
shares_investor
17/7/2020
11:28
Apart from buying half of Africa.
dafrog
17/7/2020
11:22
I said it all along this is too small for JLP to put up the majority of any proposed JV projects costs. If JLP were to get involved they'd wipe GLR out. JLP has much more to lose in terms reputation from doing GLR a favour than they would from actually funding any JV. Think about it... JLP could buy out GLR in it's entirety from 1 months profit. Why would any deal be for the benefit of GLR shareholders over JLP shareholders? Yes it was talked about but a lot has happened for JLP over the last 2 years whilst nothing has happened here other than cash burn. 0.58 to come for the share price imo.
plat hunter
15/7/2020
11:07
. . here comes another placing to pay the bigger salary bill . .
ginko3
11/7/2020
19:53
Bull, go and look at the Glencore and bhp board and tell me what you see.Then go have yourself an early night
plat hunter
10/7/2020
12:01
Has been stated that GLR have other processing options other than Sable, maybe now is the time to walk the walk?
fireplace22
10/7/2020
11:51
On this basis, cash flow will be absolute pants - Colin needs to do a deal to bring in some cash, and quickly otherwise as PI's we'll end up locked in here for 2 years +
ginko3
10/7/2020
08:20
Yes but unless JLP buy the stuff up front, glr will need to raise dosh again me thinks.
1madmarky
09/7/2020
23:55
Do you and deme come as a double act here to warn us of a terrible investment. Any GLR investor will have read that brokers note. We are all big boys here
the bull
09/7/2020
22:52
Jubilee MetalsRobust, cash-generative production from mining wasteJubilee operates several chrome-Platinum Group Metal (PGM) operations in South Africa and is constructing a zinc-lead (vanadium) plant at Kabwe in Zambia after already commissioning the copper and cobalt circuits (the ‘Sable’ refinery). The company has a growth pipeline identified and significant opportunities to find new projects in Africa (or globally); more specifically, Jubilee announced that it is looking to increase its copper (cobalt) production in Zambia aggressively to make full use of the Sable Refinery. Jubilee also owns the Tjate PGM project in South Africa, which is currently on hold. The company model is to treat its own waste materials and to supplement these with third party ores and wastes where possible. This year has been nothing if not eventful for Jubilee, but further progress and material catalysts are expected over the course of 2020. Jubilee has a high-margin business with cash on hand, and we see plenty of opportunities for Jubilee to capitalise on its robust business model through the global Covid-19 crisis and beyond. We initiate with a fair value of 11.2p/shWhat is Jubilee Metals? Jubilee operates and holds rights at three sites in South Africa for the production of chromite and PGMs: Dilokong, Inyoni and Windsor. It also owns the Sable Refinery in Zambia adjacent to the Kabwe tailings where a full copper circuit has been commissioned already producing ‘A’ grade copper cathode as well as some cobalt. Recent plans are for an aggressive copper production growth plan. There are also plans to produce zinc-lead-vanadium from the Kabwe tailings in the future.Jubilee provides exposure to low-cost PGM, chrome and copper production, with future exposure to zinc-lead (vanadium). Jubilee has a low-cost, high-margin business that capitalises on Jubilee’s experienced, technical management team which has developed innovative processing techniques to generate cash from (mainly) the waste material produced as part of the mining cycle; “the Jubilee Wayâ€?. We see Jubilee as a very cash- generative business.Momentum Jubilee has seemingly swept aside the Covid crisis and continues to grow - revenues, profit and cash. Commissioning Windsor in the second half of 2019 led to the growth in the last interim results, and we expect further growth in the second half of the year as full exposure to Windsor comes through in the numbers. There will also be an initial contribution from Sable in Zambia with a significant increase in copper and cobalt production expected next year.Growth Jubilee is on a compelling growth trajectory. Firstly, we see growth from organic projects (e.g. transfer of fine-chrome technology from Dilokong to its other sites) and the installation of a zinc-lead (vanadium) circuit (in stages at Kabwe); not to forget (or underestimate) the impact of the aggressive expansion for copper production in Zambia. This is all before any business opportunities that might arise post Covid-19 in South Africa.Critical metals, prices for PGMs still high, copper rebounding The price of PGMs, although volatile, is still high. Jubilee has an operating cost of $550/oz PGM (4E) and with current spot prices generating a net basket price of ~$1200/oz this is a high-margin, cash- generative business. In Zambia, we anticipate a gross margin of $2m for each 1kt copper produced â€" a margin which we expect to improve as production increases.WHI View Jubilee is a high margin business with a growing production profile in a high- price environment with further growth projects and an experienced management team distinguishing, in our opinion, Jubilee from many companies in the sector. We initiate with a fair value of 11.2p/sh based on a forward looking cash flow analysis suitably risked for stage.WH Ireland Limited.
plat hunter
09/7/2020
19:11
Allows GLR to mine enough and create a good dump ready for processing. Gives consistency to JLP?
goingforarun
09/7/2020
15:58
Apparently the zinc Sable plant won't be ready for a while yet. From Jubilee's new broker note JUBILEE METALS Zinc and vanadium recovery – recovery via a sequenced precipitation process to remove impurities to produce a zinc oxide (ZnO – 70% Zn) for commercial sale in Zambia or abroad. The process to produce vanadium is proprietary to Jubilee with recovery on resin. Timing – Q3 2021 for zinc. Price dependent for vanadium be ready till Q3 next year.
fireplace22
09/7/2020
15:54
Indeed, but they have to clean up the tailings with zinc and lead so its deal time soon and a 4 bagger on i am sure
the bull
09/7/2020
14:58
quite right too.
sleveen
09/7/2020
14:50
we think a miss print but even if not, sable will be storing up our lovely zinc containing tailings well before start up. Look at the price today deme, its blue. You should have some money here also before its too late
the bull
09/7/2020
11:58
Sable zinc will not be ready until Q3 2021
deme1
02/7/2020
08:45
Status of COVID-19As of 19 March 2020, COVID-19 is no longer considered to be a high consequence infectious disease (HCID) in the UK.The 4 nations public health HCID group made an interim recommendation in January 2020 to classify COVID-19 as an HCID. This was based on consideration of the UK HCID criteria about the virus and the disease with information available during the early stages of the outbreak. Now that more is known about COVID-19, the public health bodies in the UK have reviewed the most up to date information about COVID-19 against the UK HCID criteria. They have determined that several features have now changed; in particular, more information is available about mortality rates (low overall), and there is now greater clinical awareness and a specific and sensitive laboratory test, the availability of which continues to increase.The Advisory Committee on Dangerous Pathogens (ACDP) is also of the opinion that COVID-19 should no longer be classified as an HCID. https://www.gov.uk/guidance/high-consequence-infectious-diseases-hcid#status-of-covid-19
tidy 2
26/6/2020
07:31
Fireplace... "No doubt their access to other assets in the country" You would think that would be the case, yet JLP seem free to do other more lucrative deals...
1madmarky
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.
fireplace22
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
the bull
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.
deme1
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