Member Info for CHRI5P

Is Themadstork TW from shareprophits? On ADVFN they mentioned stocks to short which Tom has been all over in shareprophits and on this board they shared a link with Tom in the link

I have increased my holding by 2 million today. DJ I completely agree with you that sometimes you have to take a profit or and de-risk due to exposure if a share increase in price. I also agree with GLR and HZM. The trading day of the RNS now makes more sense because I was surprised the SP did not rise from the lows due to MM's savaging the SP. Copper for me is where you need to be for the next few years.

I posted this 2months ago to answer someone else who didn't realise that we had the money from SFR

Mr Negative From 26th Jan RNS

Application to trading on AIM: Application will be made to the London Stock Exchange for a total of 41,100,124 new Galileo Shares to be admitted to trading on AIM, being Sandfire's Shares ("Admission") which will rank pari passu to the existing ordinary shares in the Company. It is expected that Admission will become effective and that dealings in the new Galileo Shares will commence at 8.00 a.m. on Tuesday 9 February 2021. The issue of the shares will be made under the Company's existing share authorities.

Total Voting Rights after Share Issue: Following the issue of Sandfire's Shares, the Company's total issued share capital will consist of 889,801,317 Galileo Shares with voting rights. The Company does not hold any Ordinary Shares in treasury and accordingly there are no voting rights in respect of any treasury shares.

On Admission, the abovementioned figure of 889,801,317 Galileo Shares (the "Enlarged Share Capital") may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Galileo under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

SFR already have the GLR shares and it happened on the 9th Feb when the number of the shares increase by 41 million so if the agreement has not happened we have the money from SRF and they have given us their shares.

To make it easier for VB to understand I won't be sarcastic just say Ella you are not very good at de-ramping. We have some very well educated posters on this board and not the silly rampers you get on other boards.

No you can't offset losses in an ISA

I think everything will be sold bar Rosgeo JV which due to the amount of money needed to prove up is not worth a huge amount. This would also explain paying a significant dividend because the company is not selling entirely but a substantial amount which is deemed more than 75% and will mean we will need to vote for it. To me I think a 40p dividend with an asset worth 5p left but with huge potential is very possible but would love to be proved wrong on the upside.

To me the risk/reward with GLR is up there with the EUA's and GGP's of the world prior to there amazing rises. Great posts yesterday and if Ella is the best of the de-ramper's out there and with the right drilling announcements then the sky is the limit. I had sold out most of my share prior to the January RNS due to no news and the shares going up on the back of I suspect the increase in industry metals. Thankfully PI's sold out due to SZ being sold not understanding the bigger picture and I again was able to accumulate. We are at the point where take off is real due to the incredible fundamentals and the momentum buying due to the graphs. I am looking forward to next week.

Ella why are you on this board you have already said on this board the price will drop- and on another board you said you have sold GLR I suspect because you feel SZ was sol too cheaply. However, what exploration is all about is the cost of proving what you think you have. If we had not sold SZ we would have needed to either sell something else at a bargain, had a placing or reduce the drilling programmes on potentially 3 of our explorations. I think if KAV is worth £15 million we are worth £40 million at the very least.

KAV management IMO are just over hyping their RNS for a huge placing this month for a drilling programme.

My opinion is that they were advised to RNS the end of the sales process and hence indicate that they have some firm offers. I also thing they will jus sell MT and we will get a large dividend. They will want to keep some part of the cash to further prove the other assets they will retain. To me the share is de-risked but any full sale over £1,00 is IMO not going to happen but the dividend could be quite substantial with huge potential in the assets they keep.

I don't think we will talking to banks at this stage but we might be talking to mining companies who are experts at getting the mine to production. They will only need inferred/indicated to make an investment.

I can see where you are coming from Shed but I don't think what you are saying is a 'value event' although it might well be the most rewarding long-term to investors. If we have to spend a lot more money at this stage then that would be in the expectation of the amount of resources being increased substantially with copper included (could this be the value event) and a grant. If you look at GGP their value event was to get a major involved to take the mine to BFS stage at a cost of 70% of the mine but you only have to see the SP to see what a value event that was. I do agree with you that there will be many theories out there but I feel that there is a huge rush to get things going (should please BB). Any further drilling after these assays results can be done post PFS or BFS when the finance for the construction of the mine is in place - again I have seen other minors do this. My view is if we missed the boat in 2017/18 (I was not around)we should not make the same mistake twice. This is just my though but it is all very positive at the moment.

Trade you have moved the SP on EUZ it makes you wonder how much BB has cost this company and how much more dilution they have caused from their complete and utter negativity - it dose not bare thinking about. Anyone would think that they have always been short via a spread bet firm.

Excellent

Couldn't agree more Bricks

Shed I don't think it is dependent on the 'Assays' rather the price the partner buys in at and negotiations are on going at this moment in time. I have seen it many times where a partner buys up to 30% of a company giving the company a huge amount of cash which some will be kept for the construction of the mine. The best possible price we will get is when the assays results are known and yes I think this will happen before the PFS which will by then be a formality. Again it is my opinion not fact.

There are always a lot of ifs when you invest in a AIM exploration company with loads of speculation which makes them risky, intriguing and sometimes very rewarding. I do think that we have a partner lined up and it will all depend on the assays. The price at which the partner buys in will be a lot higher than 11.25p but the announcement of a deal and commitment to the funding of the mine will give the share another boost. Even though it will mean a placing for the construction of the mine in the future. People reading what I have just pointed out will be thinking I am jumping the gun but from the latest few RNS's this is what I am thinking. Just my opinion so no proof but if/when the information is out there the SP will have already moved. I base this thinking on many other exploration companies I have invested in at a similar stage of their life.

Generally I think this is positive and we have been waiting for confirmation of the drilling programme. The next few weeks could be interesting because I agree with you trade there must be s0mething there and hopefully the assay results will surprise on the upside.

Bought a few today based on reading the last 12 months of RNS's and where I believe copper will be in the next few years. Might buy more but don't like buying on spikes like yesterday.

obone good post

myfirstmillion - filtered