Member Info for Bobat123

Buys this morning showing as Unknown trades. As per message previously printed other stocks have surged on the ASX. GLA

Galileo Resources plc ("Galileo "or the "Company") further to its announcement of 10 August 2022 is pleased to announce that all conditions have been met in relation to the agreement to acquire a 29% shareholding in BC Ventures Limited (the "Share Acquisition"); accordingly the Company is issuing 50,000,000 Galileo Resources plc shares at a price of 1.2pence per share being the consideration shares due in relation to the Share Acquisition (the "Consideration Shares"). As a result, Galileo will have an interest of 29% in BC Venturers alongside an option to acquire a further 51% interest through the Company spending $1.5million on exploration and evaluation of the Projects by 21 January 2024. BC Ventures is the owner of a highly prospective lithium project in Southwest Zimbabwe (the "Kamativi Lithium Project") and two gold licenses (the "Bulawayo Gold Project") close to Bulawayo (the "Projects") through its wholly owned Zimbabwe subsidiary Sinamatella Investments (Private) Limited, as more fully detailed in the original announcement of 7 March 2022.



The Consideration Shares are being issued to African Mineral Resources Ltd, a company controlled by Fer gus Kynaston Forbes, which will own 50,000,000 Ordinary Shares in the Company being 4.3 % of the Company's shares as enlarged by the issue of the Consideration Shares.

Code 1 printed for the believers. RNs to drop anytime

Few other similar stocks to GLR without news rising daily and we seem to the only one where peeps seem to selling out. MMs definitely hoovering up cheap stock.

musicMagpie PLC, Shares in the used technology reseller surge, clawing back some of Monday's 68% loss. On Monday, it warned profit will be below market expectations in the year ending November 30.

Mms getting shares on the cheap.

Cannot get buy quote?? Anyone having same issue?

One peep bought 400000 few days ago and now sold out for a £400 loss today.

From RNS:

At the time of writing all commodities have come off their price highs, although there are already signs of recovery, suggesting that the drop off was short lived and unlikely to be maintained.



Many influential commentators in the commodity sector are strongly predicting scarcity and thus strong metal prices for those companies engaged in the electric vehicle manufacturing. Recently there have been a number of examples of manufacturers making arrangements and contracts with producers, thereby eliminating the trader. This is unique and strongly suggests that both the EV and associated industries have real concern over sustainable and stable supply of critical metals.



Against this background we are convinced that our portfolio is very well placed with quality projects in the right arena. The investor "stand-off" cannot be maintained since history says that the smaller cap explorers are the call option for tomorrow's metals. That being so, Galileo is extremely well placed.

Peeps selling out on the cheap other peeps gain by loading up

Lots of selling today. Cannot fathom why peeps are selling out when so much news to come. Each to their own.

So much news still to come. Other shares with worse news and some are up by 10 - 15%. Hopefully should start to see this moving up.

Galileo Resources PLC - mining company focused on US and Africa - Pretax profit in year that ended March 31 rises on investments. Pretax profit surges to GBP1.4 million from GBP87,872 a year ago. Operating expenses halved to GBP753,321 from GBP1.5 million a year ago. Equity accounted investments return a profit of GBP3.4 million versus a loss of GBP9,088. Looking forward, firm says: "The Ka****u zinc project in Zambia has been subject to a further review, resulting in a continued commitment to add value and hopefully bring a small initial deposit into production during early 2023."

Hold on. Buys showing as sells. MMs will not be able to hold this down.

Excellent set of results. Buys coming in.

Many influential commentators in the commodity sector are strongly predicting scarcity and thus strong metal prices for those companies engaged in the electric vehicle manufacturing. Recently there have been a number of examples of manufacturers making arrangements and contracts with producers, thereby eliminating the trader. This is unique and strongly suggests that both the EV and associated industries have real concern over sustainable and stable supply of critical metals.



Against this background we are convinced that our portfolio is very well placed with quality projects in the right arena. The investor "stand-off" cannot be maintained since history says that the smaller cap explorers are the call option for tomorrow's metals. That being so, Galileo is extremely well placed.

Outlook

The Board remains committed to return value to its stakeholders by:

Focusing on its R&D programme, which is providing promising and consistent results.
Investing in the technology sector (both directly through in-house R&D and indirectly via potential investments in third parties).
Managing the legacy portfolio assets, where positive outcomes are expected from claims made by the Company, and in due course, from the sale of the investees.
A further reduction of the debt position (if and when the conditions are deemed appropriate).
The Board remains positive as the technology investments carried out for the in-house R&D programme are deemed sound and promising, and the legal claims have strong merit with counterparties that are expected to be solvent.

Can't understand why anyone would sell now at this price when results due anytime soon ??? Crazy

Good bye to all the peeps who are selling out.

Very eventful morning. MMs going for stop losses. MMs want shares