Member Info for AgentSmyth

Looking at the MLC report again.

What does the 20th May2024 down the right hand side of the table mean? Is that when the license will be finalised/issued/confirmed, or is that the start date when mining can be started on the approved licenses? If it’s the former then that might be why there is a delay in Galileo confirming licenses approval, holding off until the official written confirmation after 20th May (hope it’s not that as that’s 3 weeks away).

Hopefully the £2.1M we receive tomorrow for Glenover will raise the share price. Although I believe it when I see it when it comes to deadlines passing and no news.

I doubt the 43 shares sold would have given them a life changing amount of money

Back down to 1.050p again. What is it with this share and its love of that number? Can draw a horizontal line across the chart and more often than not its been at that share price for over 4 years.

Two weeks today (hopefully) until we get paid:

30 April 2024

Second tranche payment of ZAR147 million (approx. GBP6.3M) in respect of Sales Claims to be settled in cash.

Galileo's estimated portion will be approximately ZAR49 million (approx. GBP2.1M).

I honestly thought it was true and I still wasn't surprised the share price didn’t react. :)

Yet another thing (star zinc) I would like an update on.

Https://www.mmmd.gov.zm/?p=2787

A lot of mining license rights been cancelled for non-compliance by Zambia mining committee. I cant find Galileo on there, so hopefully we are still good. Hopefull, not long for March meeting results to be published.

Is that a full stop or a bird dropping?

Some huge sells past 2 days. Nearly 4M sale today (well yesterday) at 0.98 (outside Bollinger band).

Hey CHRI5P, I was expecting an RNS today with regards to increasing our shareholding in BC Ventures from 29% to 80 % by the 21 January 2024. However, after re-reading the half year report there was an extension granted to spending the $1.5M required to increase our holding. The extended deadline is 21 July 2024, so I doubt there will be any news regarding this today unfortunately.

Still no update about application 34118-hq-amr.

Https://www.mmmd.gov.zm/?p=2640

1 + 1 ≥ 2

Ok DC, thank you for the reply.

Hey DC, I know its small fry compared to our other assets, but was there any word about zincstar and if work had started up there?

I remember they said they would investigate this and hopefully we would get our payment for the license and the on going royalties, which would help with avoiding the possibility of a dilution.

Https://www.mmmd.gov.zm/?p=2626

Still doesnt look like our Zambia licences have been approved in the october meeting.

8p is too low for me (6 month time frame).

in 6 months we "could" have 3 separate income streams from star zinc royalties, ka****u being mined along with luansobe open pit. share price hit nearly 3p on star zinc alone, with ka****u being at least 3 times bigger and add in your 8p rating for luansobe open pit we are no longer in the single digit pennies any more toto.

then there are the left field plays that could rocket the share price, like an $80m payment from sandfire for a discovery on one of the licenses we sold them on the kalahari belt. or further drill results confirming a huge lithium deposit that results in a bidding war and sale of kamativi project. plus, these don't include further sales of the remaining kalahari licenses on better terms if the free airborne survey reveals large copper deposits, not to mention shinganda or feber projects.

how we are valued at only half the value of star zinc alone is mind boggling. anyway i’m young enough to leave my money invested here until the market wakes up.

RNS date 26 Jan 2021

Sorry, been a busy day. Thank you both for your replies (datacheck and analytical).