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These are exactly my thoughts JDAU. I so wish I'd managed to get a few million shares in there as well as here. My main holding as you know is here and I think both will do well. We could get a similar copper find in our kcb licence areas you never know. Something has certainly been discovered but not released yet. Colin was very excited. The other nice thing is both companies have relatively small amount of shares in issue. Hopefully here once star zinc in full flow that will end the dilutions and we have nearon 4 million banked now so no equity raises anytime soon. It's all looking very good really and I think we will make a lot in both all being well. Good luck all who are invested here.
Not sure why CE - just seems to give me a weird error message and some code... don't worry too much about it.
I'd heard of GLR (amongst CB's others) and previously looked at investing in it, however due to my aggressive investing over 'there' I wasn't in a position with free cash to invest here... or anywhere else for that matter. It sure as hell paid off though!
This years shenanigans over on the other one re SP progression has really changed my ability to invest in projects/companies I like the look of as I'm now moving forward into the year sat on top of a huge free ride over there and a pretty sizeable amount of cash to play with, a decent proportion of which I've used here.
I have indeed been aggressively buying these of late in order to build a position here, If I'm honest I really like the look of it.
I feel CB has really earned my trust and so my plan is similar what I executed over 'there': I've bought a substantial amount of shares in GLR over the past few trading sessions and intend to hold until a fairer company value is shown via the share price - at that point, again the intention will be to pick up a substantial free ride and hopefully a tidy profit (let's be honest, for all anyone posts on bb's it's the name of the game).
My aggressive buying this morning was mainly due to the mm's dropping the SP hard on what looked like few sells, importantly with nothing negative going on in the company.
This is the sort of mm game I'm happy to play as I value the company not only significantly higher than where I was buying previously (1.75pps) but 1.5p-1.6pps seems a bit stupid considering the recent Sandfire transaction and the other news I'm expecting over the next few weeks/months.
I think I communicated previously with you that I'd intended to have a sizeable but not huge position here.. turns out I researched hard and changed my mind - as with our other one the MCAP vs potential revenue / potential sale of assets etc just doesn't make sense, for that reason I'll happily buy a load and hold until fairer value is shown. Lord knows the other one has taught me a very important lesson: be patient, stick to your research (assuming it's good quality) and one way or another value will out.
As an aside, I'm all for nicknames but not sure I'm keen for that one - even though I have to admit it did made me chuckle.
Hello Jdau,
That's odd - when I click on the link it works fine - far too technical for me.
Quite a while - about the same amount of time that I have been in XTR, but not as long as I've been in BZT - a perfect triad of CB companies IMPO, but I have the feeling that GLR will be the next one to break out - that's why I am here, after all.
Looks like your buy orders have worked their magic once again - I may just start calling you the Hoover Master - or, on second thoughts, maybe not!
ATB
Teens will definitely suit me!
Hi CaveatEmptor, hope you're doing well?
Thanks for providing this info, very comprehensive and it's appreciated :)
Unfortunately the link doesn't work but I'm happy knowing that my findings / your explanation likely mean the same thing: CB wanting the SP to be considerably higher than it is today.
Interesting to know a bit about the company prior to me getting involved in it - have you held in GLR for a while?
Hello JDAU,
This may help:
CB was appointed to the board when the company was floated in September 2011.
At that time about 60m new shares were issued at a nominal price of 5p, but 1m were sold for 15p and the other 59m for 23p each.
A fundraising followed shortly thereafter with the issue of 4,857,143 shares at a placing price of 35p and the take-up was shared between the company and a broker.
There were no new directors dealings before 2013 when CB gave 2m shares to his ex-wife, leaving him with 42.2 m shares.
CB had therefore purchased over 40m shares across the issue prices of 15p, 23p and 35p - the average being around 24p - so about £10m.
Obviously CB has bought around 20m more shares since then and has paid as little as 0.2p for them - so his overall average will be in the teens rather than twenties. - but still a lot higher than the current SP.
Not sure if this link to the 2011 share issue document will work:
https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/QKt4NVV3T47DEtj67h1RP4DX6-qkufmbnLyZY6wan2s/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=ASIAWRGBDBV3PZYCXQ7E%2F20210224%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20210224T114610Z&X-Amz-Expires=60&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEPr%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FwEaCWV1LXdlc3QtMiJHMEUCIQDrU0w8uAIx76bYKM92H5b7kcVjvilYh%2FSWyq1Gqt6brgIgZt7KcpSu7DTBfqF7jZAWSWonWOjP1jOoDG8VTMVCq8EqtAMIExADGgw0NDkyMjkwMzI4MjIiDF2899oUZlRyD5DaZCqRA2kLu6xSEgF%2Bsj5kK%2Fb9CtUJobcTw7XakI7f0V92gKH5eC2o6045kbXreJNy3WTWb%2FufPJ38GZo3VGUVMz1vy453Lb0mXzC4SQTBpKtXzT%2Fz2lTKpRd30raaQxHc%2BV2%2BF7cD%2FNdUKd9yI4yHgoSBuPO4MDJkAB2pZ8306nBktPCGkTILEgYgDveBzxCHCPaevxSDdNJRUIWn6enToM1sdcrqra1HHI1j7qLRk9RUcRJPuent7qt0feuf%2B19Ry3mbZHi6d5bE%2F8dHhmdK5O3YflLdEoJGJtGUXkS3%2Bb3jI%2Fl2guCvQDLAPfpE7CUtk%2BQHMHezbdPjfk1VUpzkHpsxBp0i422ZDOTghBKixwXgJU2enXKYSDX%2FyiYjqMZTIS2byhZ8KfO8QXTswaMLIxUokPXQ4T5EJMJW7jLqh5jvCNukv5yPN5RPphEq0f3NcFPFBkICCL0x%2BFZ5bxBPpaQJAxwU%2Fk%2FuxG8z5NHHK5s9%2FSd6RbN5%2Baq3ay24BtgdzsX%2FONgL8jwdF4Ub%2FLk2Mb5pBAjvMJm%2F2IEGOusBIGYdKtZKMs6y5D18UrwGyY159pJI3qK49iXH8O%2F7eKeXwoWMjMNTJIuGjRQW1MCYaAhLSitipSWWgYnX99Epp1zbuZmZQFMzsfgu%2F7xjZ4yvVemDqwBus4o9riXxkF0KH9LWfrXmPJcRE8CxDxATDubrMZTu%2Fgu73rGdnbXY6fkSyKEp6c%2Fl0Ii3H3X616Dd8csZCpIH9OJ7K%2FWYvZfeLtoUpYZgIYkVvxvtW4fT%2F7p5lL62py3LFERLB0UByCD8UJsVQwbsRcZNrpheggRfi6aCEeuKoF6rqsHb7kKbiyj5RO%2BP4ejjubEK%2Fw%3D%3D&X-Amz-SignedHeaders=host&X-Amz-Signature=e2365b7d9fa45227955d30088fb13c81455108a0eb2a4f6cddb88b18b77192df
ATB
I'm unaware of the details surrounding all of CB's historical purchases so can't really comment, however, i was just looking at a few figures from the last few years and thought I'd share what I found as imo it's pretty interesting:
RNS 1st March '16: https://www.lse.co.uk/rns/GLR/issue-of-equity-directors-dealings-and-tvr-twhugjao30cstst.html
"...Accordingly, Colin Bird now holds 48,185,000 Ordinary Shares representing 24.87% of Galileo enlarged issued share capital"
RNS 5th Sep '17: https://www.lse.co.uk/rns/GLR/directors-subscriptions-pdmr-shareholdings-tvr-h6541vwdrmfi07y.html
"Colin Bird, Director, has subscribed for 1,250,000 new ordinary shares at 2.0p per ordinary share and now holds a total of 49,435,000 ordinary shares or 19.42% of Galileo's enlarged share capital"
So from this we can clearly see Colin Bird had circa 48m shares between March 2016 and September 2017.
Look at the 5 year chart of GLR: https://www.google.com/search?client=safari&rls=en&q=glr+share&ie=UTF-8&oe=UTF-8
There were three clear peaks (March, May & June 2017) of approximately 10p per share.
CB's shares at those points were worth: 48m * £0.10 = £4.8m
Now to bring it a little closer to the current day:
18th June 2020: https://www.lse.co.uk/rns/GLR/director-dealing-zycv47z40qt75ti.html
"...Colin Bird is interested in 63,035,000 Ordinary Shares, representing approximately 8.90% of the issued share capital of the Company."
CB's shares at that point were worth: 63m * £0.008 (0.8p) = £504k
As far as I can see CB's has a similar number of shares as we currently stand (happy to be corrected) Ref: https://galileoresources.com/shareholders/
At todays share price (I'll use 1.6p for aguments sake) CB's shares are worth: 63m * £0.016 = £1.008m
From my view I'd say CB's has a pretty strong motivation in seeing the SP significantly higher than it is today.
Jesus Billy chill ........... and think before you ask these Silly questions...........I don’t remember why I bought in here at 9p it was so long ago, but I wasn’t building a Company!
I’m glad to hear all’s great with you and would just hope you stay positive a little longer mate.
The fundamentals here are amazing and by and large this is a friendly informative BB.
Keep the Faith
GLA
I don't understand how or why Colin would buy 10 mil of shares at 24p? Is there proof of this
As am I Billy... as am I.
Yeah here all yeat guys. No worries! GLA
You still here Billy........appreciate your input
Finally Billy is understanding shares. Thank God for that.
24p by the end of the day.
MM's if you can't get enough shares to sell to me you I'd appreciate it if you could tick up and try a little bit harder...
That made me chuckle Castiron - no way the SP should be down here atm with whats on the table in the not too distant future.
Happy to add to an already heavy holding here if the price is going walk into my crosshairs with a bullseye painted on it.
Just sold my hoover on eBay JDAU to buy a few more. Hopefully the dust is settling now, lots of news soon.
GLA
Let's hope you got the price you were after, eh Billy?
I mean that I'll happily get the hoover back out if mm's are going to play silly buggers.
What do yo mean?
Action of late seems pretty overdone...I'll get to work.