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 Shares Traded Last Trade
  0.00 0.0% 1.475 4,739,793 08:00:10
Bid Price Offer Price High Price Low Price Open Price
1.45 1.50 1.475 1.45 1.475
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -0.62 -0.14 15
Last Trade Time Trade Type Trade Size Trade Price Currency
16:16:41 O 1,000,000 1.453 GBX

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Date Time Title Posts
12/6/202109:31Galileo Resources PLC 2019811
21/1/202115:27Galileo Resources at UK Investor Show201
20/2/202011:45Galileo Resources1,087
20/2/202010:09Galileo Resources - Phosphate & REE in Southern Africa78
04/6/201910:55A 10 bagger from here651

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Galileo Resources Daily Update: Galileo Resources Plc is listed in the Mining sector of the London Stock Exchange with ticker GLR. The last closing price for Galileo Resources was 1.48p.
Galileo Resources Plc has a 4 week average price of 1.45p and a 12 week average price of 1.32p.
The 1 year high share price is 2.70p while the 1 year low share price is currently 0.65p.
There are currently 1,046,542,981 shares in issue and the average daily traded volume is 7,409,722 shares. The market capitalisation of Galileo Resources Plc is £15,436,508.97.
the skipper: The fund raising was not unexpected, nor undesirable imo, in the sense it is there to fund further value accretion from current and soon to be acquired assets, rather than to keep the lights on. And of course the brokers have a vested interest in ensuring that the share price soon breaches the warrant exercise price, so I anticipate a solid recovery from today's lows as the news starts to flow.
kinwah: I only mentioned fund raising because that's what junior miners do on good news and demand for the shares. You've also got two joint brokers, Novum and Shard who need to pay their bills so I am confident that good news and a share price holding over 2p will see a placing to raise cash for further opportunities.
kinwah: I tried to sell some over 2p but no bid for even modest size. Looks like the market makers had some stock and just pushed the price up to suck in some punters. There's likely to be another fund-raising on the next bit of good news.
the bull: The share price is up over 20% since his ill judged comment the other day. It's now well proven, always take the opposite stance to prat hunter, he got it wrong at JLP and here and no doubt elsewhere
tonytony4: Keeping it real was Galileo Resources (GLR), with the sale of 9 Kalahari Copper Belt Licences for $3 million to Sandfire Resources and a S$1.5 million subscription into Galileo by Sandfire. Perhaps even better was the detail that the subscription was at 2.68p, a 25% premium to the recent average Galileo share price. In addition, Galileo is set to receive a one-off success payment for the first ore reserve which exceeds 200,000 tonnes of contained copper in the range of US$10 million to US$80 million.
the skipper: It’s a fantastic deal for the company and the 2.68 exchange price should put a long term floor under the share price with massive potential upside. The company has also managed to retain its preferred licences in the Kalahari as a future ‘banker’ which will inflate in value even if left unexplored, subject to Sandfire being successful with the assets it has bought into. I just can’t understand how anyone would be stupid enough to sell below the exchange price when the company also has plenty of upside potential from its other assets.
gowski: Benny, from LSE today...hairydaveyPosts: 3,367Price: 2.25No OpinionRE: Can anyoneToday 15:24There are 3 nice pieces of news which could drop at any time here. Any one of them could add 1p double the share price or even more depending on how good the news is.1 is a licence which gives us the go ahead to sell the Zinc we are sitting on which brings instant revenues to the business.2 is a survey from a hugely popular cobber belt which already has huge discoveries3 is a potential sale of an asset we have Glenover (in full by the sound of a recent RNS as one buyer is sniffing around the entire asset to snap up)
the bull: Patience excellence, Q1 should be shovelling some stuff into trucks and soon off to Kabwe. No license announced yet but CB is the key into Zambia for JLP and GLR. I am expecting the share price to at least double this month. Scale back a bit 3p by months end, any takers
the count of monte_cristo: The Bull, I've moved around my focus a bit, gone with 70/30 split between XTR/GLR. I just have a very strong feeling, based on all the research I have done, on what CB has been saying in his interviews and from the current drill news that XTR are onto something big with the copper drilling and the stock could potentially go mental. I would actually like to go all in, but the prospects at GLR are also very positive. News on Zambia and moving into production could rerate the stock, if POW and UFO can be valued at 22m and 40m then why not GLR who are much closer to actual production and selling of resources!?
plat hunter: 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.
Galileo Resources share price data is direct from the London Stock Exchange
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