Member Info for Candid

Recent holdings show approx 80% held.
Most in nominee accounts, so can’t really tell much. Top holder is likely to be Shard. The Bank of New York nominee account is an interesting one.

https://www.galileoresources.com/shareholders.htm

I thought so and perhaps he may be planning to reallocate his assets to his Open Orphan venture?
Not easy to determine how this will play out, Shore may have been instructed a while ago and have been walking the share price down to fill the order. There is also a chance that it can be done off-market if another insitution wants to buy in.
In any case once this potential overhang is cleared the shareprice will hopefully be set for a rise.

Interesting to see where this one goes....

Perhaps we’ll see the back of Cath Friel soon as his holding may be causing the drag on AMYT’s shareprice.

(24,697,347 Ordinary Shares in the Company representing 8.99 per cent. of the Company's issued share capital)

The Lock-in period expired 8th May if I have read it correctly, perhaps somebody can confirm or correct me if I’m wrong?

The US bank client had enough time to evaluate the platform and likely found that it does not meet thier requirements.

So what now? Surely it will be difficult for the company to attract other banks now. The US bank was supposed to be thier main ‘selling point’. Management do not seem to have a plan B and this is a major failing IMO. All eggs in one basket.
No users, no revenue, 30 worldwide staff on big salaries is a big cash-burn. They will prob need to raise at least £4m or £5m by early next year. This all points to a placing by year-end, likely to be well below 1p, possibly less that 0.5p
Where are all the director buys now?

As well as gold, GGP has potentially big copper deposits in most of thier licences.
I’ve noticed quite a few majors starting to chase copper exploration by taking options with small exploreres, something that I haven’t seen for a very long time. For example Rio Tinto with Forum Energy Metals FMC - TSX), SQM with Revelo Resources RVL - TSX). Copper discovery rates are at decade lows with a shortage looming in the years ahead

The US bank customer was fundamental to the company’s success.
I can’t see a quick recovery here.
With no revenue and at current cash burn they will need to raise by end of this year.
I’m taken my losses and am out.
GLA

From the presentation the zinc updates were very positive, certainly a lot more advanced than I thought at this time.

Was it my hearing or did he actually state that it was him who did the deal for JLP to purchase Glenover’s Sable Zinc refinery? I know he’s chairman of JLP, but it seems GLR and JLP are more closely tied than I thought.

Ferber update was interesting as CB dropped quite big hints that they are working on a JV deal for Ferber copper- gold exploration with Newmont, this will certainly add significant blue sky potential for GLR. A deal with Newmont will raise eyebrows....only the world’s number one gold producer.

Six different US medical sites now involved

“also currently in discussions with a few European banks and an Asian bank”

I’ve done some research on MNO - the more I look at it the more I’m staggered by the enormous potential.
It’s been sidelined since the IPO last year and a delay in the roll-out has been a drag on the shareprice.
However, the long list of institutional investors and funds (80% of the register) will not go unnoticed.

More so, the two major Customers have not been named due to non-disclosure agreements, but this will soon change and this will be a MAJOR CATALYST for the share price.

There are two major customers that have gone live with MNO’s product - A major US bank and a US based Technology Distributor.
I will focus only on the bank for now...
From announcements and presentations Maestrano have provided enough clues to deduce the likely bank as it has been stated that the customer is:
1) A top ten Global Bank (US based)
2) Has 4 Million SME customers (small business customers)

From this criteria the candidates are:
Bank of America
JP Morgan Chase
Wells Fargo

It is unlikely to be Bank of America as they have already released a similar digital dashboard for thier SME customers (in February) called Business Advantage 360.
My conclusions is that it must be JP Morgan Chase as the Chase bank network has 4 million SME customers, while Wells Fargo have 3 million SME customers.

Maestrano are only able to name their major bank customer once Maestrano’s product has been fully implemented and is on General Availability (GA) for all the banks’s SME customers. This will happen in the weeks/months ahead as they are piloting it with a closed user group to optimise the implementation. As Bank of America have already released thier product, Chase will be very keen to follow soon, to maintain competitiveness, so I think the roll-out may be speeded up now,

The announcement of the major bank customer (JP morgan Chase) will take the market by surprise and IMHO a big share price rerate will be due.
MNO will also be able to offer their product to other major banks so other deals are very likely.

Drop in recent days was almost certainly caused by the distressed fund City Financial offloading their holdings.
Looking at the large sells from last 2 trading days (305,810, 500,000, 100,000) adds up to 905,810, which is exactly what City Financial held as of the last reported accounts.

Very difficult to buy this morning but I managed to grab a few thousand

With GLR so cheap now, I would not be surprised to see some consolidation in Colin Bird’s businesses.
It would probably make sense for Jubilee to aquire Galileo so that they can expedite the development of the Star Zinc deposit.
Perhaps also in the future to process the ore from Glenover to recover the rare earth metals, in line with Jubilee’s Metal Recovery strategy.
Seems that something many be brewing in the background with Peel Hunt still holding onto their placing shares for so long and increasing their holding, now at approx 15% holding

Taking a scenario where MMS shoots up 600% (unlikely imo) and reaches a market cap of approx $100m CAD, this will mean KDNC will hold a £5.8m stake (10%). Doesn’t sound that much really does it?

More likely scenario MMS is up 200%, this equates to a £2.57m stake for KDNC.

I’ve never seen a company announce an offtake agreement by simply stating how much revenue it will generate, what about the costs to mine it? It’s a bit like saying the in-ground value of the iron ore is $4bn.
Normally offtakes are announced simply by tonnes per year the buyer wishes to purchase.
Some other juniors on AIM are sitting on much much bigger in-ground valuations of resources.

Don’t forget that this project has not had a feasibility study completed yet and the current estimated capex to build the mine is US $335m, not an easy feat for a junior that yesterday was valued at US $11m.

Would help if Glencore would be providing upfront capital for offtake, but they are not.

Once MMS is taken off the trading halt on TSX, this will readjust according to the MMS market cap, at current levels it is anticipating a $100m market cap for MMS, which is provably stretching it a bit..

Due quite soon in April.
We’ll know more about trial progress.
Am hoping for decent growth in revenue following the various distribution deals in 2018

not quite out of the woods yet...
The suspension order has been frozen to allow a hearing to take place. No date has been given for the court hearing.

«Court has made a Ruling on interim measures to suspend the Order pending a hearing of the substantive issues of the case to be held in due course»

CF sold their 3,333,333 holding.
MNO is now trading at £2.3m well below cash (£3.7m end 2018) and have very promising growth prospects. Floated at 15p last year! Seems like a bargain now, I’m in.

it’s likely that they are out but not sure yet, waiting to see more late trades..

I’ve taken a punt on MNO first thing this morning, CF have definitely sold their 3,333,333 holding.
MNO is now trading at £2.3m well below cash (£3.7m end 2018) and have promising growth prospects. Floated at 15p last year. Seems like a bargain now.

Looks like Lombard has picked up the block of shares that CF dumped yesterday. Their holding has increased approx by this amount.