Galileo Resources PLC Share Chat (GLR)

Until one asset clearly takes flight, sadly, GLR stays rooted - multi-asset explorer without a dominant story.

Even with Colin Bird steering, the market prefers a bird in hand - not a whole flock of promises..

ATB

Ken as infusiastic follower's wanting the best for their investment.

As you alluded to, we would be a lot higher if bird actually bothered to release regular newsflow here.

It definitely makes a difference and is probably a big factor as to why we sit at these verry poor levels.

We have tremendous assets, but nobody knows anything about them as comms, marketing and news releases are non existent. Even the shareholders here who are clued up as to the assets we possess have no idea where any one of them is upto. It is quite frankly not good enough.

Hopefully, luansobe will be a done deal soon and that should trigger interest and investors, but whilst we sit with no news, we will continue to hover around 0.7-1p.

Birdhog day

Same sh** different day. GLR comms is dire and I’m now taking offence to how CB is treating his ‘investors/mugs’

Yea ken looks amazing, hopefully something similar will happen here, afterall we have the better assets

Tomorrow is the first day that GLR could start the first tranche of money. I wouldn't be surprised to get a good update RND's or two on some of our wonderful array of assets this week.

From a GLR perspective, Molefe represents a [cheap] leveraged option value on a potentially material copper asset, without GLR carrying the full capital and operating burden of an operator. GLR’s exposure comes through its agreed economic interest and ongoing role in progressing the asset, so the main value drivers are the scale/quality of resource ultimately demonstrated, the robustness of any mine plan, and the economic terms attached to GLR’s participation.

The heavy lifting on pre‑stripping, pit development, mining and plant ramp‑up largely sits with JLP - the operator and is in progress - they appear to be making quick progress. If that work successfully de‑risks Molefe into a long‑life, cash‑generative operation, GLR benefits via its 23.75% interest and any associated cash‑flow streams, with far less capital at risk than an operator’s equity. That’s why the asymmetry on share price increase is interesting for GLR holders: relatively modest exploration and development spend today can translate into a large share of project value relative to our market capitalisation if the resource and economics stack up.

The good news is that JLP’s PR/IR function (Cath Drummond and team) is clearly switched on and will almost certainly be reading both this board and JLP’s own board on Molefe. I recommend you put your expectations here for the Molefe Presentation from a GLR perspective as this would go a long way towards helping GLR investors understand the scale and shape of our exposure.

There are further anomalies in the Molefe license that look to be prospective. Not only the copper oxide layers, but future deeper sulphide layers.

Is Molefe repeatable as a JLP Pillar 2 strategy across multiple further mining spokes to the Sable hub? I reckon so.

Will GLR be involved - again, I reckon that will happen as well. A winning formula and all that.

Both parties to the JV want this to be very successful as would all shareholders in the JV companies.

Hopefully we dont know how deep it goes )

I think the Molefe presentation will be the main yard stick.

But theres more to find, much more )

Galileo will soon be finished in its phase two drilling to receive its 23%.in the Molefe mine an area of 400 Hectares.

What do we know

Pit 2&3 have achieved good grades from its drilling results.

Pits combined is being developed to increase production to 15,000 tons a month to Sable.With the future of all pits being combined into one large pit

Galileo has discovered a huge anomaly East of the pits twice the size of Molefe mine.(Unexpected)

Phase two has focused on this reef and the surrounding area to see how far the reef goes.

A third party update soon on resource.

Results from the drilling soon.

We have been informed Jlp will be focusing on putting the new reef discovery into production with in 11 months.

I think we all will be looking forward to results and hopefully know how deep the sulphides are under the first reef.

And yet you keep reading them and commenting on them WWT - bravo 👏

A lot of these types of convertible loans don't have a minimum price to convert and is variable so the company forward sells but these convertible loans do have a convertible SP price 30% higher at 1p.

FS why would you forward sell or short at 0.7p and then pay 1p to buy them back? So I can't see forward selling as happened.

Funny how filtered or not filtered your posts are equally gripping …

The convertible bonds are most likely forward selling

Iky has been quiet today … thought this post for a few wks ago might just cheer him up

Iky

RE: Prem23 Apr 2026 06:45

So guys will we see 1p again?

Hmmmmmmmmmmm

Yes stocks, 6 months ago Prem had 9.3 billion in shares issued and next week it will be over 38 billion - talk about dilution on steroids. Our dilution is 5/6 % if all tranches are used. The Cinease backer is waiting to force Prem bankrupt when the mine is finally opporational

Zambia 🇿🇲 solat goes online

pv-magazine.com/2026/05/12/zambias-largest-solar-plant-goes-online/

Some humble pie today for the poster that's been constantly cross ramping PREM on here.

Got to laugh at him having a go at a premium funding facility here, while prem print another 5 billion+ shares. 4x the issue here, in one single raise!

Eat it up.

Yes anything is possible but when you have two recent individuals taking 18% of the company, they know what is coming.. anyway im very happy to hold in there.

Copper at this rate will pay off Molefe debt due to JLP double quick! :-)

Luansobe needs an update, no question. Its value is very copper-price sensitive and because cut-off % moves with price as well as costs, so stronger Cu can bring more ore into the open pit mine plan and lift value. But Molefe also needs watching — JLP is due to update in June, presumably with GLR input. We will know more if they show ramp up rates and even better if they indicate when GLR gets the 23.75% and when JLP's costs are paid back which then allows us to get $$incoming.

CB has already hinted before that something may be happening at Luansobe too. A likely Freudian slip on a different company's podcast.

Never mind Molefe for now. Luansobe OP has considerably more value. Nett value increases because the Cu price increases on the receipt side but the costs (cut off) are fixed cu price wise at

We need an update on Luansobe ! Molefe income will likely be next year at earliest.

! https://www.livecharts.co.uk/MarketCharts/copper.php Come on Molefe!

Friedland: https://x.com/robert_ivanhoe/status/2053852777110020435

All things considered could have been worse. Pretty favourable terms next to peers. Even his other companies, eg poor old BZT holders recently seeing that discount as well as warrants. Here it has to help we're not entirely going it alone, with JLP doing much of the capex heavy lifting with Molefe. Plus the breadth of the overall asset base. For old CB to have got funding away with terms like this, I suspect may well have dangled Sanderson a few decent carrots about forthcoming newsflow. Let's see.

Not to bad “if in the next six months they sale/joint partnership one of the many assets they have”

Guess pigs might fly !

Glr shareholders are more than owed one good RNS from Bird that for once provides a return to them and not actually or threatens to further dilute longterm shareholders .

Come on Mr Bird for once do the job who are paid to do!

No interest

7% arrangement fee

Lender shall be paid a further fee of 5% if taken out.

Actually this isn’t bad if in the next 6 months they sell /joint partnership in one of the many assets they have.

I brought on Molefe as i want 100% from the asset.

Results soon.

If someone comes along and buy jubilee they will more than likely buy out GLR on the Molefe mine.

So does that mean that should we borrow the money and repay it within an interest free period it is a free loan. So the lenders are hoping we take the money, can’t repay it and they gain shares which will hopefully rise in value.

Cheers junior

I try not to get frustrated here as i love galileo, but colin just fails to deliver again and again. In my view hes not giving us enough time and attention and this loan shouldnt even be necessary with what we have in our portfolio i think cobre/bhp would snatch our hand off for pl253 and it would also save us on drilling costs.. I do think colin needs to deliver now. Hes trying with molefe but that is out of our hands and not even one of our own assets, i am also still sceptical working with jubilee. I woildnt be surprise if things get delayed there.. hence why hes taken a multiple month option on the loan.

I think if he buggers this up and we are still in this situation end of year with no project progress, he seriously just needs to step aside from project management and put someone else in to transform us..

I do still hold the faith though.

Thanks JL. Yes at least we can be sure of that. Small mercies and all that 👍

Fair enough Levi. Rodney T did raise a fair question on shorting, so at least the clause in the agreement should put that particular concernof his in his post to bed as far as the lender and its associates are concerned. On shorting more generally, I’m with you that naked shorting shouldn’t be allowed at all. Shorting that’s properly backed by stock is a different matter in my view – it can help stop runaway bubbles and keep prices a bit more honest, even if it’s uncomfortable when you’re on the long side. For GLR specifically, the important bit for me is that the finance provider et al itself isn’t allowed to be on the short side while this facility is in place.

Well that it has had to be included at all shows (imo) the calibre of the loanees we are dealing with. 🙄

And just the 6mths is hardly a penalty.

Short selling should be banned period and certainly not things companies should be doing that we enter into deals with.

The no‑short‑selling clause isn’t a cure‑all, but it does stop the lender and its associates from shorting GLR while the facility is in place and for a period afterwards. It doesn’t cover the whole market, but it does address that specific risk. I’m genuinely interested though – what makes you see it as laughable?

The piece about no short selling in the rns is laughable.

On the Sanderson / Beaufort / HB angle – fair to raise, but we need to separate what’s actually in the RNS from what only the GLR board can answer.

First, on short selling, the RNS is explicit. The facility includes a “No short selling” clause: the lender and its associates are contractually prohibited from short‑selling GLR shares from the date of the facility agreement until the later of (a) six months after any Loan Tranche Three drawdown and (b) repayment of the loan. The counterparty here is not allowed to be short. By then we will be strongly monetised IMO.

On the rest of the list:

1. DD on Sanderson / Malik / Beaufort‑HB history – not described in the RNS. Only the board and Nomad can say what checks they did and why they were comfortable.

2. FCA‑authorised vs principal lender – again, not stated. We know Sanderson is the named lender, but whether it’s acting as an authorised firm or purely as a principal investor is something the company would need to confirm.

3. Beneficial owner of the capital – not disclosed. We see Sanderson as lender; ultimate capital backing is not broken out.

4. Associates, concert parties, side letters, hedging, share‑lending – beyond the “no short selling” covenant, nothing further is disclosed. Anything formally notifiable should be, but if we want a blanket “no” on side deals, that has to come from GLR.

5. Governing law and jurisdiction – not in the announcement. It’ll be in the loan agreement, but we don’t see that.

5. Transferability of loan / conversion / warrants / fee rights – also purely a contract term. The RNS is silent on restrictions, so we simply don’t know unless the company clarifies.

Relationships with GLR insiders – the deal is not flagged as a related‑party transaction. If there were a disclosable link to a director, major shareholder etc., that should be stated; beyond that, the board is the only place a definitive answer can come from. So beyond what’s written into the RNS (including the no‑short‑selling clause), most of your list are the sort of points that need to be put directly to the board and Nomad if you feel it necessary.

Let us know how you get on.

P.S I am happy with the RNS. All good. Sensible.

Lots of prior history with Beaufort Securities, HB Markets and the FCA. do your own research on that history please. Meanwhile:

1. What due diligence did the board undertake on Sanderson, Tanvier Malik and the Beaufort/HB Markets history?

2. Is Sanderson FCA-authorised now, or acting purely as principal investor/lender?

3. Who is the beneficial owner of the capital advanced?

4. Are there any associates, concert parties, side letters, hedging arrangements, share-lending arrangements, or short-selling arrangements?

5. What is the governing law and jurisdiction of the loan agreement?

6. Can Sanderson transfer the loan, conversion rights, warrants or fee-share rights?

7. Is there any relationship between Sanderson and any GLR director, adviser, broker, consultant or major shareholder?

...we go. 0.80-0.85p now

If colin can get molefe online with regular income, i will feel a lot happier. The continual drilling with limited funds and no income is my concern. Hopefully that all pans out. We just need something to tick us over to progress our many other incredible assets and we will be in a much better situation, that also goes for selling assets too as we dont want to look to be in a weak position. Cash is king and we are limited in that area.

All colon needs to do is achieve something ronrenew people faith and that will also attract new investors. The issues have always been lack of progress and lack of comms. Now is the time to step up a gear colin and reward us all for being so very loyal for so many years!!!

Yes the placing at company level has happened.

I dont think we will need another, let's hope not anyway, theres no reason as long as Molefe is on track that we would need another raise imo, we can either sell the kalahari or just go slow for a few months, either should be adequate.

Yes comms are terrible and it would be nice if colin could confirm this and future plans.

Overall I am very happy with Molefe

JL the placing in September was to work on Molefe

Ahh! Lightbulb moment :-) I agree!

We’ve already had the placing JL I think is Chri5ps point

GLA

Wow some personal growth there by Chrisp. He managed to post without criticism. Hope it lasts.

The warrants will lapse in probably 18 months and I think if we don't get a 3 times multiple by then I will be disappointed. The sentiment needs to improve substantially and we all have our own opinion on that.

My view give very regular uodates. Someone had wanted more and put

. The most valued and highly capitalised stocks on the Nasdaq are great at regular news flow, they don’t wait. This also reduces short interest as they can’t FUD the market when positive news flows so regularly.

Take note!!!!! We sit here at a contunual 0..7-1p and have done for years. Lack if news flow!!!!

Absolutely. Sell one non core asset which to me would be any of the kcb licences at a convincing price. Then use that to progress other assets. Its not bot hard.

Point to note here colin - and this is from a share i am in thst in

Correct WW you only need to look at BZT. BZT are excersing warrants less than a fifth of the current price. GLR's share price will need to be 3 or 4 times higher and stay there for months for warrants to be excercised. Additionally, warrants are not excercised all on the same day. The majority of warrants in companies lapse but for crying out loud let's hope these don't

Luansobe has had a mining licence for over a year Chrisp, how progressed do you want it to be for gods sake.

If finding “partners and sales” is CB job he does not seem very good at it.

“Can’t be rushed” -snails go faster

JL I don't think a project manager is needed quite yet. Once an asset like Luansobe is progressed towards mining then that might be required. At the moment we have many experts including CB on the case of development. The issue is cash in that we can only realistically develop 3 or 4 assets at any time. I also don't think it is a case of everyone doing loads more work it is more about finding partner and sales which is CB's job and cannot be rushed however desperate shareholders get. CB keeps a tight ship to keep costs down unlike others exploration companies.

Can't argue with that JL and HD but let's face it things are so poor atm you could put Ronald Mcdonald on the board and it would be better than the status quo imo.

I think thats it JL a full time project manager with the clout to okay deals would make a big difference.

Thats the 2 issues here. Very poor comms and lack of tine and dedication.. we should have assets much firther forward in the pipeline to where they are now and also likely sold 1 or 2 by now.

Lets hope molefe works and brings in some cash. Until we get an update from out illusive leader as to where things are upto on other assets, we are clueless.

Fod apoligies for my spelling. My brains fried today

Chrisp.

Perhaps it is brainless not challenging the directors for not delivering any returns to shareholders year after year despite having a large portfolio of assets including some with production licenses that decrease in length over time.

You might be happy for the “status quo” with the shareprice stuck under a 1p for infinity but I can assure you the majority of investors here are not.

To call people “brainless” who are concerned about the continual lack of progress on many fronts shows both ignorance ,naivety and is very Trump like.Does not Trump issue cheap insults to anyone who does not see things 100% his way?

Everyone is entitled to their own opinion even if it does not mirror yours -concern about continued like of progress here is totally valid

Chrisp

I would hardly say posts here are brainless and inaccurate..they are 100% accurate in relation to the lack of progress.

Also, i very much doubt that the 2 buys in a day we are currently experiencing due to colins lack of progress will have any effect up or down on the sp..

When he has actually managed to produce any kind of result and some kind of volume returns the yes, it may make a difference. But we arent deramping. Just very frustrated, especially with the diwn right cheek of not answering any investors questions.

I send refular emails to others companies im invested in and het responses within hours of my query.

I think JL’s statement that PR is attrocious is fair and and is a well supported view. Expressing it is not brainless as the intention is to try and foster improvement.

I have a large stake in GLR and am very happy with the company. However, one day I will start selling but I will do it quietly and will not moan or show utter desperation in my posts. I want the best price ultimately and knocking a company you are invested in is total stupidity. I want the SP to rise into placement from a positive following not falling due to brainless inaccurate posting.

HD, they will know what I think for sure. I have been taking advantage of the share price weakness for some time so my SP average is comfortable for the asymmetrical upside I believe is in place. I would have preferred an earlier deal but if a better option is possible by a decent margin then I am comfortable with waiting longer for that but only for so long. My money, my risk, my choice and all that. We should get a Molefe presentation very soon which should enable existing and potential investors to make an appropriate decision. Lots going on no doubt but we all know the GLR PR function is atrocious and not worth what we are paying them. We will succeed despite the PR function.

More to do with the tungsten price on sml

when the old bod were there,tungsten prices were around $200 mtu

now its over $2500 mtu....about a month ago,dunno what it is now.

.

so yeah,the old bod,must be gutted,beingin the wrong place,at the wrong time

hindsight uh.lol?

Mining.com/web/sam-altman-backed-firm-starts-work-on-zambias-top-copper-mine/

Hey you should know your not allowed to talk about your winnings or other company's on here... it pees certain individuals off..... its glr or nothing here..... nothing here!! Lol did you get that.

You are a 100% correct.

Just look at what has happened at SML-it was down and out with a lackluster management.

Following a change of management (including CEO) the shareprice has gone from circa .2p to 5.5 p today in just over a year.

The Board of Directors are now 100% concentrating on delivering on the assets and shareholder retirns

Bird should take note-stop messing around being part time and actually concentrate on getting the “oven ready projects” sold or generating income instead of just diluting shareholders to dig more holes

also, but without naming names

2 other companies i have invested in, which have actually made me a lot of money, 1 has released 20 rns's since december, and the other one 19.

it is simply not good enough, and plain to see with the stagnation and craparse share price here.

this company deserves being a lot higher than this..and ok molefe is progressing, but that is not even our sodding project, jubilee are managing that.

sorry for my rants today, hut i am simply sick to death of the under performance of colin here.

i know chrisp is a big fan, and i 100% back colin on the incredible finds,butt he is **** poor at bringing things online or infact concluding deals..

ive made £155,000 in the last year in other aim companies..

here, stagnation for 8 years, and £9000 down, with the assets we have we should be easily 10p. investor relations are non existent. there are multiple avenues where certain improvements would on their own increase this shareprice on their own. and nothing ever progresses other than mote ruddy drill holes

heres an idea colin, spend a full month solidly on galileo. sell.pl253 to bhp/cobre..eell pl39 & 40 to sandfire or the chinese - we dont need to waste time and money drilling them. fully focus on monetising either kash, luansobe, shinganda. one of those in operation will fully fund all other projects

rant over.

Just about sums up the interest and awareness people have in this incresible company..

You need to drammatically cuange things colin.its a joke.

Maybe we can expect something this month 😂.

OK I will take my tongue out of my cheek now.

Someone is seriously taking the p*ss here.

HairyDavey -totally agree -nothing heard from the lesser spotted Bird of the Colin subspecies -.

Suggest the only way to directly confront Bird and other directors with the lack of progress on many fronts is to attend the AGM in November.-we might have a pleasant surprise by then but the odds do not look good -production licenses been sat on with apparently no urgency to progress.

The Molefe hole digging might hopefully bear fruit but it should not be used as an excuse for not progressing elsewhere

We are now a third way through another year and the shareprice can’t even achieve a penny -

Yes same here for my £30k too.currently £9000 down on.

I made you a song colin for you to cherish when you next take time to look at galileo

Colin bird, colin bird

Its quite absurd, but not heard a word.

Rns's on the 3rd but all three a turd.

So please give us updates dear colin bird.

I think im in the weong profession.

Seriously though colin, pull your finger out. We pay you as investors to be CEO. Please sell or jv something soon!!!!

If you havent time to progress things, put someone in place who can!!!

…any news on the £30k I invested in ‘our’ company? If I’d bought them on a credit card I’d be shouting scam by now and getting my money back.

I recently bought some garden furniture… no comms or delivery even after chasing via phone and email. Fortunately paid on credit card so reported to barclaycard for a refund.

It was only a few hundred quid… this is a bit more and not sure where my moneys gone or what it’s doing as a comparison 🤷

Knew I should have given that African prince that emailed me my £30k instead of CB 🤦 😂

Lol

GROK is an LLM with zero logic … worth reading up on how they work.

Grok response

What Would It Take?Galileo Resources is a junior exploration and early-development company with a portfolio focused mainly on copper (Zambia: Luansobe and Molefe projects; Botswana: Kalahari Copperbelt) plus other assets in gold, zinc, and the Ferber copper-gold project in Nevada.Reaching 5p would likely require one or more of the following major positive catalysts:Strong drilling results that significantly expand resources or confirm high-grade mineralisation.

Successful advancement toward near-term production at Luansobe or Molefe (e.g., securing funding/partners, completing feasibility studies, and starting meaningful copper output).

A major discovery or corporate deal (e.g., farm-out, acquisition interest, or joint venture with a larger miner).

Broader copper bull market with rising prices and strong investor sentiment toward juniors.

Junior mining stocks on AIM can experience large rallies (sometimes 5x–10x+) on successful exploration or development news, especially in a strong commodity cycle. Galileo has active drilling and project advancement plans in 2026, so positive outcomes could drive meaningful upside.Realistic Perspective:Historical context: The stock has traded above 5p in the past (pre-2020/2021 era during previous mining booms), but it has been trading in the sub-2p range for a long time.

Challenges: As a micro-cap with limited cash, ongoing losses, and typical exploration risks (many holes can come up dry or disappointing), big moves are far from guaranteed. Liquidity is also low, so sharp rises can be volatile with wide spreads.

Analyst coverage: There is very little formal analyst forecasting for GLR, and short-term signals are generally cautious or negative.

By the way I topped up to avarage down..

Your gone too quite.... we need some positive vibes here, we need to "promote" glr and the sleeping ceo.

Or has a certain individual been side tracked by events at prem, for someone who's always bemoaning prem etc... knows alot about the company and its updates etc.. why show such interest in a company your not bothered to invest in? Or...... is there more to it. Lol

Back to glr, don't worry chaps Colin will soon update you with something to start getting hyped abput ...again!. And then.... dissappear....again.

10p buyout anyone, take it and run. Unfortunately can't even get to 1p with all the massive potential... its a joke.

Rant done!! Enjoy your day and ill let the responses be blanked by me.

If his name was Xolin he might actually get a deal done with the Chinese

Great post Rodney

I fear unless things change soon, the only way this company will progress is if xolin retires.

So many amazing assets and yes thanks to Colin, but progress painfully slow purely down to probably his 8 hours a week spent on galileo.

Another month gone by with zero information or updates. Lets hope molefe brings us some dosh soon..

This old school way of running listed companies simply does not work in this day and age.

Just checked how things have been over the last 9 years. £100 invested in GLR then is now worth £15 (subject to deal size and a 13% spread). £100 invested in Newmont Mining now worth £214. £100 invested in BHP now worth £230. Need a 15 bagger from here for GLR just to catch up with the value of these 2 majors. Truly shocking. Please do not 'shoot' me for telling the truth. The latter hurts me as much as it does anyone else. For LTSHs, a 6 bagger from here would not be a win although I am sure it would feel better than how they feel now since they would be only 10% short of breakeven over 9 years (subject to the 13% spread). GLR needs a wash and brush up. A fresh approach, up to date communications and better corporate structure and governance. The damage has been done as can be seen via the data above but it is important to to make the most of things from here on.

Ha Iky! I think paint would potentially update you more on how things are going too! 😂

Atleast you get RESULTS from watching paint dry!!

… well not even a dime here. It’s like watching paint dry for £30k 😂

Any chance you could find 5 minutes in your busy day at other companies colin to write is up a non drilling RNS with details on well every asset?? None of us have any clue at present.

MM, best not to conflate my post on analysing the trades solely from yesterday, with your wider concerns IMO.

You, and only you can assess your own risk tolerance, position size, and time horizon. If the wait no longer fits, exit. If the assets still align, continued patience is rational. Results, not rhetoric, will decide. As can be seen yesterday, the market will take your shares for sure.

Molefe, woth its Phase 1 results being excellent, is not a shift away from other assets - I see it as a pragmatic, low-commitment move designed to generate near-term cash flow while, (most of )the rest of the portfolio advances in parallel.

We know that Luansobe has not landed, but we also know from a prior AGM that a multiple of the current market cap was tabled and rejected during a low copper price environment. We also know it has serious blue sky potential so CB is correct in rejecting lowball offers for an asset that has a very high value. When ti does land those who stuck with the programme will be well rewarded IMO. A multiple of current market cap for Molefe, and a multiple for Luansobe - those two alone beat most companies returns, and certainly better than most 'safe' investments. I presume you are here because you want a large multiple. With that comes risk and volatility.

So, Molefe offers a pathway to meaningful free cash flow participation with modest spend and quick timelines which most on here have been pleading/wishng for, while the higher-risk/higher-reward exploration assets (Luansobe, Shinganda, Ferber) continue de-risking in the background. Success at Molefe could help fund or support the rest of the portfolio and I look forward to the Phase 2 exploration results, Molefe update from JLP, the 23.75% interest being confirmed for GLR, and next steps.

I also see Kalahari assets being sold off - PL39/PL40 with 'close' to Khoemacau, PL253 next door to BHP/Cobres interest, as well as Ka$hitu provding a meaningul multiple. Not sure about Zimbabwe assets - I have written those off. Even Shinganda is likely to get an open pit going at some point imo.

I do wonder if some % asset swaps JVs are on the table between GLR and JLP in Zambia. That would make things interesting.

I’m past fuming MM. Just CBA now and wait and see if CB scammed me 🤦

CBCBA it seems…

In all honesty, I’m the most impatient person ever… but Colin has tought me how to be patient for sure.

Didn’t Buffer famously say about patience lol… I’d love his angle on this sort of patience for us LOYAL lth ( yes read that CB … loyalty !) and CBs way of communicating to his investors 🤔

Anyway, good luck all… let’s see if CB pulls it off as he’s previously done or goes into used car salesman mode and stitches us all up.

JL -people have been more than patient with Bird who despite all his boasting about being “in the right place at the right time” has continuously failed to get any of the many projects over the line and many see his “biggest achievement “ over the last year has been further dilution when the licenced assets should have been used to generate funds.

Now he has flipped on to “Molefe” seeming to have forgotten about the company’s over assts.

Shareholders are totally correct to be fuming about the lack of focus and delivery which is what we have grown to expect from a very part time CEO who seems to spend his time flipping from one company to another with the common theme of placings to finance operations instead of putting in the hours to for once actually getting something over the line .

Your comments about the further fall in the pathetic shareprice not being as bad as appearing is very small comfort to patient longterm shareholders

I topped up at that price tbh

Yesterday’s −3% close in GLR looks a lot scarier on the screen than it really was.

Early on we saw the usual weak‑hand selling in small clips around 0.75–0.772p, which walked the price down into the low‑0.7s.

From late morning onwards the tape flipped, with most of the real size going through as Buys/Unknowns between roughly 0.74–0.77p.

We then had multiple big blocks of 2–2.4m shares crossing in that 0.72–0.77p band, which is classic stake‑building behaviour in a micro‑cap, not panic dumping. A lot of those large trades printed at or near the offer in a wide 0.70/0.75–0.80 spread, so someone was happy to pay up to get stock.

In that context the −3% headline move is mostly down to how AIM prices the close – a last small trade near the bid can drag the % figure even when most of the day’s volume went higher. There was no negative company news yesterday and the recent story has been about progressing the assets, not any kind of blow‑up.

Taken together, the order flow shows bigger money quietly absorbing supply from impatient sellers. For traders and patient holders, that’s usually a "watch the next few sessions” setup rather than a signal to bail. As always with GLR it’s still high risk, but yesterday’s tape was much more accumulation than capitulation. All IMO.

JL it’s a waiting game

For a newbie here months is nothing.

My investment is for a minimum 1 year or longer.

For some have been here for many years just like JLP.

One of them will give up something big.

Will the big boys be looking at JLP with the waste dump

Iam surprise they don’t buy Jlp outright and take the lot Molefe included.

This will release a nice return for Galileo and the share price will go up once I start to fully invest or the opposite may happen and someone wants Galileo assets.

Onwards and onwards at the moment.

I agree Chri5p, not even PL253/2018, PL039/2018, PL040/2018 which is crazy. Even Molefe has not moved the dial which means it’s not built into the price. There’s the opportunity! :-) Maybe the Phase 2 Molefe results and forecasts will wake a few investors!!

JL with GLR only worth £11 million I don't think anyone is putting any value on the SFR licenses regardless of the $80 million

Next tranche for Sandifre is within 70km of Motheo. Licenses sold:

Licence Approx distance from Motheo (km)

PL044/2018 99

PL045/2018 85

PL122/2020 111

PL154/2020 98

PL250/2018 137

PL251/2018 122

PL366/2018 140

PL367/2018 126

The $80m max payout is real upside if triggered — a one-off cash payment (not dilution) for the first JORC Ore Reserve on the specific 9 sold licences exceeding 200kt contained copper (scaling up to $80m above 750kt Cu).

You're right it's not index-linked, so every year of delay reduces its real value due to inflation.

That said, a dose of realism on ownership is needed: Sandfire owns 100% of those licences outright since the 2021 sale. They control drilling priorities, budgets and timing across their much larger Kalahari package.

Sandfire is now focused on expanding the Motheo hub to 5.2Mtpa by fast-tracking near-mine satellite deposits (A4 previously, now A1 with maiden Ore Reserve targeted for June 2026 quarter) to feed the central plant.

The 9 Galileo licences were early-stage ground in the broader belt — some nearby (good) , but not yet confirmed as priority satellites. Sandfire has strong commercial incentive to advance promising near-mine ground quickly rather than park it.

Given the skills across Jubilee, Grovenor, and Galileo I wonder if there is a three way deal involving Molefe, Project G, and Luansobe that could work?

Will Galileo get involved with Project G? With a bit of digging. These are the likely licenses IMO. Owned by a company called Grovenor Resources Zambia Ltd. Some recently awarded. Probably more exploration required, mine planning for an application to mine (Likely Galileo). Some stuff about already mining - probably bare mimumum because they are exploration licenses. Probably scopping off some copper oxide .. very small scale. Grovenor mentiones an EIA which would be required to get an large scale mining license.

Licence Number Type Area (Hectares)

40947-HQ-LEL - Large Scale Exploration - 8,838.79

40948-HQ-LEL - Large Scale Exploration - 1,782.34

40949-HQ-LEL - Large Scale Exploration - 5,836.09

40951-HQ-SEL - Small Scale Exploration - 439.49

40952-HQ-SEL - Small Scale Exploration - 164.83

Gorvenor licenses - exceeds 16,000 hectares (17,061). Grovenor refers to Jubillee Metals and Jubilee refers to Project G having > 16,000 hectares.