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  6. Galileo Resources Plc (GLR)

  7. Galileo Resources Plc (GLR) Share Price

GLR

Galileo Resources Plc

1.15
0.00 (0.0%)
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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 Shares Traded Last Trade
Upgrade Icon
  0.00 0.0% 1.15 220,128 07:34:18
Bid Price Offer Price High Price Low Price Open Price
1.10 1.20 1.15 1.15 1.15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Offices-holdng Companies,nec 0.00 1.54 4.80 23.96 12.77
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:00 O 850 1.20 GBX
Related Shares
Bhp (BHP), Rio Tinto (RIO), Shefa Gems (SEFA), Pembridge Resources (PERE)

Galileo Resources (GLR) Latest News

Galileo Resources News

Date Time Source Headline
15/5/202317:13ALNCNewsTRADING UPDATES: Eden Research gets regulatory approval in New Zealand
15/5/202307:00UKREGGalileo Resources PLC Exploration Developments over KCB Licences
29/3/202314:35ALNCNewsTRADING UPDATES: AFC Energy delivers fuel cell; Kistos hails Benriach
29/3/202307:00UKREGGalileo Resources PLC Kalahari Copper Belt - Exploration Update
23/3/202314:29ALNCNewsTRADING UPDATES: Eqtec hails French state contract; Conroy finds gold
23/3/202307:00UKREGGalileo Resources PLC Kamativi Lithium Project -- New Discoveries
22/3/202307:00UKREGGalileo Resources PLC Update on Glenover sale and Bulawayo Gold Project
09/2/202312:36ALNCNewsIN BRIEF: Galileo Resources reports resource estimate for Launsobe
09/2/202307:00UKREGGalileo Resources PLC JORC 2012 Inferred MRE for the Luansobe Project
02/2/202322:01ALNCNewsTRADING UPDATES: Dillistone sees revenue growth; Petro plans fundraise

Galileo Resources (GLR) Discussions and Chat

Galileo Resources Forums and Chat

Date Time Title Posts
07/6/202312:36Galileo Resources PLC 20192,093
15/3/202217:55Galileo Resources 2022 1
16/9/202108:39Galileo Resources at UK Investor Show207
20/2/202011:45Galileo Resources1,087
20/2/202010:09Galileo Resources - Phosphate & REE in Southern Africa78

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Galileo Resources (GLR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-06-09 15:35:001.2085010.20O
2023-06-09 09:06:231.1137,400415.14O
2023-06-09 07:55:011.105866.45O
2023-06-09 07:07:521.12181,2922,030.47O

Galileo Resources (GLR) Top Chat Posts

Top Posts
Posted at 13/4/2023 19:04 by soulsauce
Indeed Skipper, but it is the same tale at Afp, Xlr and his others, tells the Sunday Roast guys a good plan but no follow up.
Take Afp for example, hardly a word on Namibia yet we should have been in production by now. Who knows what is happening there just like on many Glr projects. Very frustrating 😕
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Posted at 13/4/2023 07:56 by verissimus
Agreed. £5.2m incoming. In addition to Afrimat signing the option to take the asset:

The Company has been informed that the South African Competition Commission has given its approval to the acquisition of Glenover Phosphate Proprietary Limited ("Glenover") by Afrimat Limited ("Afrimat").

The remaining suspensive condition for the Glenover Acquisition is the approval from the South African Department of Mineral Resources and Energy ("DMRE") in terms of section 11 of the South African Mineral and Petroleum Resource Development Act No. 28 of 2000.

Https://www.londonstockexchange.com/news-article/GLR/update-on-glenover-sale-and-bulawayo-gold-project/15885250
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Posted at 29/3/2023 10:37 by the skipper
And a bit of context from Helios Chariot on Twitter:

@CobreLimited drilling in Kitlanya West having had major success in Ngami. GLR license PL253 wedged between both, with PL 252 sitting above, and SFR's PL250 license just below on which a potential @SandfireResLtd success bonus to #GLR of up to $80m exists on a successful drill.🙂 [...]
— 🅗🅔🅛🅘 7326;🅢 (@Helioschariot) March 28, 2023
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Posted at 24/3/2023 15:48 by the skipper
This sell off makes no sense at all given the progress that GLR is making in maturing its licenses, the cash it has coming in shortly from the Glenover deal, and the value it has in its shares in Sandfire which is trending up nicely at the moment: Sandfire Resources Ltd hxxps://g.co/kgs/GacK8W and could easily be sold were additional cash to be needed.

Sandfire are also now drilling the licenses which they had from GLR with an uplift payment in the range of $10-80m to be paid subject to resource definition. Whoever is selling must be really desperate for cash imo.
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Posted at 23/3/2023 16:21 by verissimus
Https://www.londonstockexchange.com/news-article/GLR/kamativi-lithium-project-new-discoveries/15887173 - third party sale incoming

Https://www.londonstockexchange.com/news-article/GLR/update-on-glenover-sale-and-bulawayo-gold-project/15885250 - £5.2m incoming

Https://www.londonstockexchange.com/news-article/GLR/jorc-2012-inferred-mre-for-the-luansobe-project/15830161 - Monetisation £ incoming

Just gently joining the dots...
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Posted at 15/3/2023 08:08 by verissimus
GLR are delivering. The market will wake up soon enough when it realises GLR has monetisation coming very soon. Compared to the current crop of jam tomorrow junior miners.
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Posted at 28/2/2023 09:23 by the bull
Nice presentation as you say. Self funding soon then, that should fire up the share price. Maybe some dividends in a few years
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Posted at 09/2/2023 08:04 by verissimus
Compounding some of the money that will be generated into several other early monetisable programmes could get this to a huge market cap relatively quickly. The current Luansobe Open Pit Project is worth approx $250m dollars to Galileo at a 75% share. Re-rate that - shake out of a few on the journey will happen, all the while the serious climb in share price keeps trending up. DYOR! GLA. IMO!
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Posted at 10/1/2023 08:32 by verissimus
Apparently there are three options for Luansobe open pit that are in discussion:

1) GLR Building its own concentrator
2) GLR doing a JV with a concentrator nearby (Any ideas which one?)
3) GLR selling 'upgraded' run-of-mine material

In addition GLR is also currently performing 'metallurgical upgrade' testing - see 3).

Luansobe open pit is getting nearer to realisation. H2.
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Posted at 04/1/2023 10:45 by verissimus
Crux are excellent. The main Crux guy is a tough cookie and is independently wealthy - which shows in the way he probes - without fear of losing a client.

Getting Luansobe open pit moving is key to getting sentiment moving. The other assets can do their thing whilst GLR generates 600,000 * (Say 1.75%) * $8000 = $84m per annum. Of course if copper moves to $10k then we are looking at $105m per annum. The answer is probably somewhere between these numbers. In the early days will they target higher grade copper in the open pit? If they do then expect a serious uplift. 2% for example would be huge. What would be the costs of production?

When will Luansobe hit production? Colin said Q1 2023. I expect Q2 2023. Not long while the sensible ones take positions ready for take off.

What kind of share price multiple can you expect on a Revenue of $84m - $105m and decent profit? And what is the potential for JV across several of the other assets?
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