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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
  0.00 0.0% 0.925 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
0.90 0.95
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -0.42 -0.14 7
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.925 GBX

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Date Time Title Posts
22/10/202021:38Galileo Resources PLC 2019511
28/7/202019:08Galileo Resources at UK Investor Show197
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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DateSubject
22/10/2020
09:20
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 0.93p.
Galileo Resources Plc has a 4 week average price of 0.65p and a 12 week average price of 0.65p.
The 1 year high share price is 1.15p while the 1 year low share price is currently 0.26p.
There are currently 774,776,193 shares in issue and the average daily traded volume is 14,582,672 shares. The market capitalisation of Galileo Resources Plc is £7,166,679.79.
19/10/2020
11:01
the bull: Looks like the little 10% traders are taking their little gains, meanwhile GLR is lighting up my pension
19/10/2020
10:39
the bull: Pleasing moves with GLR. More execs on the board means we are about to become something bigger.
06/8/2020
12:58
the bull: frustration reigns over at the JLP board with the share price stubbornly refusing to breach the 5p, wonder if deme has had a little nibble here, could have doubled his money
29/7/2020
13:29
the bull: Once they get that helicopter sorted and are able to do the imaging, should know where to part that sand layer and get at that lovely copper. Colin seems pretty bullish that good news could come soon and has the team on the ground with proven ability. Share price is starting to move again and things are looking good. Maybe Ferber deal sooner than copper news
17/7/2020
11:22
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.
06/6/2020
11:05
plat hunter: 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
07/5/2020
19:33
deme1: Just a word of warning 99.9% of the time the share price will touch it's placing price. Point to note MIRROR MINOR, spouting on the lse boards that JLP holders are jealous of GLR. JLP - multiple projects and plants - making millions a month. (Still a dog though lol) GLR some dirt in the ground and a dream (exactly where JLP was 8 years ago)
07/5/2020
16:54
deme1: No Bull, just saying that GLR are tied to JLP with star zinc and the zinc circuit is delayed. Colin does enough to deramp, looks like another pump prior to dillution here. GLA "The consideration for the Acquisition comprises GBP163,020 of, in aggregate, 38,814,246 ordinary Galileo shares ("Share Consideration") - deemed at share price of GBP0.0042)- and GBP10,082 in cash" From GLR's late RNS today!
02/12/2019
12:37
tim000: The Bull asked above what value GLR's 34% stake in the Glenover JV might attract. I've now researched the history of the company more thoroughly, which provides an answer. Fer-Min-Ore, the South African JV partner, offered GLR $4 mn for its stake in Glenover in January 2015, but the prospective sale was terminated by mutual agreement in August 2016. It is not known why the transaction didn't proceed, nor whether FMO would still be a willing bidder for GLR's JV share today (the minority share will be much more attractive to FMO than anyone else, unless the prospective purchaser also buys out FMO at the same time). But imo it seems likely that any bid would still be of the order of $4 mn, as the project doesn't seem to have progressed significantly since then, and the carrying value of the project in GLR's accounts hasn't changed significantly either. $4 mn should more than fund the company to the point at which it is earning substantial cashflow from Star Zinc next year. The award of a mining permit, the sign-off of an offtake agreement with JLP, and a sale of Glenover for circa $4 mn, all in a short time period, would truly be transformative for GLR, and its share price.
30/11/2019
08:12
tim000: I know this is obvious, but the company can't sign off and announce an offtake agreement until after all the necessary permits are received. GLR and JLP have had plenty of time to agree a standard industry contract for the supply of ore, and GLR has had plenty of time to sign up a contractor to mine and transport the ore. Governments are notoriously slow in granting mining permits, but once that is received it is reasonable to assume that an offtake agreement, followed by a contractor agreement, will follow fairly soon after. And there is the possibility of a sale of GLR's stake in Glenover too. So the newsflow should be thick and fast once the permit is received, especially as JLP's zinc circuit should be up and running within six months. Finally, good news tends to be squashed as far as the share price is concerned, whenever finance is an issue - see UJO for a very good example. So reassuring investors about working capital is the final piece in the jigsaw that would see the share price rerate substantially.
Galileo Resources share price data is direct from the London Stock Exchange
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