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% 0.90 4,751,025 12:02:47
Bid Price Offer Price High Price Low Price Open Price
0.85 0.95 0.90 0.875 0.90
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.02 0.01 90.0 10
Last Trade Time Trade Type Trade Size Trade Price Currency
12:02:41 O 100,000 0.90 GBX

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Date Time Title Posts
07/7/202212:37Galileo Resources PLC 20191,392
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 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 0.90p.
Galileo Resources Plc has a 4 week average price of 0.88p and a 12 week average price of 0.88p.
The 1 year high share price is 1.53p while the 1 year low share price is currently 0.78p.
There are currently 1,091,946,844 shares in issue and the average daily traded volume is 908,420 shares. The market capitalisation of Galileo Resources Plc is £9,554,534.89.
the skipper: Couldn't agree more Duckham. GLR is currently illiquid and the MMs take advantage of people who have to sell for one reason or another but it will go off on another run soon enough and is very attractive at current prices. Haven't a clue what Festario is saying as I have the imbecile on filter,but if you want to know how much he is despised by others just check out the VRS board and others that he 'contributes' to.
the skipper: Colin has amazing drive and energy for a man of his age, emulating another industry veteran Algy Cluff in the number of successful ventures he has under his belt. When I had my one to one chat with him over 3 years ago (when I was already a shareholder of JLP but not GLR) and I asked him which of his companies had the most upside potential, the answer was not JLP but GLR. Since that time JLP has multi bagged, so all I can say is that GLR has a hell of a lot of catching up to do! During the time which has elapsed since then he has ‘matured’; two prospects in the shape of Glenover and Star Zinc and there is no reason to doubt that he will do the same with the copper, gold and lithium prospects, having already made an excellent start in the Kalahari with the Sandfire deal, and now with Luansobe. The upside from here is potentially massive, and the value disconnect will surely be rectified as the news continues to flow imho.
duckham: We should have some news very soon. Great progress being made. Always taking my own advice, whilst listening to the opinion of others. I never blame others for my position size or the average share price acquired/disposed at. Thanks
duckham: Sandfire have done well, and Khomeacau is up for sale. All helps GLR's Kalahari assets as it gives additional exposure to the region. Sandfire's expansion goals will mean the drilling of the licenses sold to Sandifire soon enough, especially as they have multiple drill rigs lined up working in parallel. That's just one of many multi-bagger asset plays in the GLR portfolio.
the skipper: Very, very cheap since the spike up to 2.3 in January last year, given the limited share issuance since then (mainly through the exercise of warrants), the significant amount of cash that has come into the coffers, and the revenue stream it now has. For the life of me I cannot understand why anyone would chose to sell whilst the share price is down at these levels.
duckham: CB stated there was £5m in the bank on the last call a few weeks ago. There is also in excess of $5m to come in June from Glenover. GLR also has royalties to come in for Star Zinc. GLR owns $2m of shares in Sandfire. The level of uncertainty is reducing daily. The probability of a significant market cap re-rate is increasing daily. Sentiment is measurably different and increasingly positive compared to six months ago. Simples.
the skipper: These are probably the shares which have been sold today. From the 22nd February RNS: “As previously announced on 30 December 2021 the Company entered into a Joint Venture Agreement (the "JV Agreement") with Statunga Investments Limited (the "Vendor") covering the Luansobe Copper Project, Zambia comprising a Small Scale Exploration Licence. The JV Agreement provides the Company the right to earn an initial 75% interest in a special purpose joint venture company (the "JV Company") by making an initial payment of US$200,000 and a second payment of US$200,000 in the initial period from the date of the JV Agreement by 20 February 2022 (the "Initial JV Period") and issuing 5,000,000 Galileo shares to the Vendor. The second payment has been completed and the shares will now be issued at a price of 1.125pence per share. The Company will now be issued 75% of the shares in a to be established Zambian joint venture company (the "JV Company") to own the Licence (subject to Ministerial Consent) and the Vendor will be issued 25% of the shares in the JV Company. Application to trading on AIM: Application will be made to the London Stock Exchange for a total of 5,000,000 new Galileo Shares to be admitted to trading on AIM which rank pari passu to the existing ordinary shares in the Company. It is expected that Admission will become effective and that dealings in the new Galileo Shares will commence at 8.00 a.m. on 28 February 2022.” I suspect they’ve been drip feeding them into the market for a while but cranked up the volume today owing to the increased liquidity.
the count of monte_cristo: So from the above link/interview some of my main points are... - Once all cash is received it will amount to something like 7m GBP - On this basis if you strip out the cash the company is capped at just 5m GBP! - The receive cash will be invested in either proving up resources and potentially exponentially increasing them in size and scale and creating material upside and invested in the near term cash generating projects - The recent acquisitions are still very new and haven't really been well understood by the market, as we receive news flow the runway for upside is significant Note, the market cap of 12.9m GBP, as noted in the Shard Capital broker note from July 21 is actually greater than the current market cap. But since then we have received millions in cash, progressed the projects and acquired new projects. You can see why some of the posters on here are so bullish:)) My opinion, GLR is a great stock pick right now, very cheap and backed by significant amounts of cash with potential for material upside as the projects move forward. As Skipper has intimated the share price has the potential to increase 300% from here, I concur especially as we move forward into this excellent bull market in commodities.
the skipper: The Count, I agree with the general sentiment in your earlier post and generally slice profit on spikes , as I did in January last year, but this has a way to go before I would consider slicing and your actions of last week seem awfully premature to me and must have done a lot to stymie a better share price reaction. No matter, we have buyers this morning and with XTR having a market cap of around 4.5 times that of GLR perhaps some XTR holders might be appreciating the value disconnect as the two stocks are currently moving in opposite directions.
the skipper: I’m only in GLR at the moment Mr Bull since when I had my one to one with Mr Bird at Shard’s offices about 3 years ago I asked him which of his companies he thought had the greatest upside and he was adamant that it was GLR. He’s travelling in Africa at the moment so might be difficult to track down for an interview but I’m sure we’ll get one in due course. In the meantime Datacheck on the lse board has crunched some numbers on today’s announcement: “ Just run the numbers again for SZ. Current zinc price per ton $3700 = 7% royalty. Just another $50 will be 8% RNS states 6000 tons of ore a month initially moving up to 16000 tons At the rate of 6000 tons the royalty payment to us at 7% is $310k per month At 16000 the royalty payment is $823k a month Average 20% zinc content The JORC states total rock is 400,000 tons so total in Royalties given the above parameters stay the same is nearly $21m At top production of 16000 tons a month that's $21m over a period of 2 years.” I would just add that royalties can be capitalised and TRR are a regular buyer so that is an option should GLR ever run short of funds for drilling and acquisitions.
Galileo Resources share price data is direct from the London Stock Exchange
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