Member Info for aunty

According to this update from Proactive Investors http://www.proactiveinvestors.co.uk/companies/news/191134/offtake-heads-of-terms-signed-by-phosphate-subsidiary-of-galileo-resources-191134.html - "The buyer will purchase Glenover phosphate rock (33% P2O5) at international market prices" According to this site - http://www.gbminerals.com/phosphate/phosphate_prices/ Phosphate Rock at 32-33% is priced at 120USD to 130USD so my original calculations are correct based on !")USD price :-}

Where you been?

Yes ... I think we all got ahead of ourselves on that one, including me. There are some massive opportunities out there as we are at the bottom of a mountain in commodities, the only way is up. You just have to choose the right Sherpa to get you to the top and I'm not gonna get frozen out!

I'll check it out. There's Ferber also. Nice to know I'm close on the price that people that do this for a living are ;-)

Let's say CB sells for 20% of the value in the ground of both phosphates and REEs.Equates to 14p on the share price. I can't remember the figures on zinc. Was it 178million? If so then that adds another 15p on the same basis. Real close to my target price. GLA

If we base the value of GLR REE on the valuation of this find http://www.mining.com/900m-australian-rare-earths-mine-given-state-approval/ it values REE at 350gbp/tonne According to this article, admittedly its from 2012 http://www.proactiveinvestors.co.uk/companies/market_reports/35357/tuesdays-most-followed-galileo-resources-man-group-lloyds-csr-max-petroleum-serica-energy-0000.html GLR has 358732 tonnes of REEs which equates to a value of 125 million pounds according to the first link which is bang up to date. That valuation ties in nicely with the sp of glr back in 2012 ( around 47p). It would be around the same now if valued on the REEs only

Thx. Say it's 120 dollars/tonne then the resource is worth 166 million pounds

Anyone know what phosphate measure in tonnage to use? I can see prices varying from 120 to 1100 dollars per tonne but have no idea which price is applicable to Glenover

My buy marked as a Sell as per usual

People needing to pay their tax bills!

Anytime within the next six months ;-)

Within the next 6 months! Don't expect much news flow. When news arrives deals will be done very quickly

That's 175 million pounds worth of zinc if the price reaches 4000 dollars

Why sell 90 pounds worth of shares (yesterday)?

He's got around 320k invested

Pacman has bought more shares!

Don't hold your breath:-)

Have a nice holiday

Don't know if anyone's noticed that Colin has become non-executive chairman of Ferrum Crescent, another zinc play

I doubt it. He has 20% of the company already. Let's hope its a re-run of this one nearly ten years ago https://uk.reuters.com/article/us-kiwara-first-quantum/first-quantum-buys-kiwara-for-260-million-idUSTRE5AM3Y220091123