Member Info for CHRI5P

Yes, I was waiting for 2 large sales and I expect both were worked these last 2 days. Yesterday, makes more sense. It looks like a sale of desperation.

AFP don't have any cash and the same goes for BZT(I have a small holding in) and so they have to deals or placements to get anything over the line. Hence, why I would like another asset sale this year. We do have many deals that we can transact

Yes Cyber that is correct and it is due to AFP not having any cash. When you are trying to find a partner they will search out any weaknesses to get the best deal.

Levis it is all about cash and AFP don't have any unless they sell something or do a placing. Unfortunately, SFR did not want your Botswana licences and so you could sell them. The FQ could be big but you can't sell out even if you wanted and this one needs cash to fund the build of the mine. Mining is tough now and cash is king.

Additionally, I suspect any difference between what the nominated price is and what the MM will offer will be paid for by the company via the company broker. It would explain yesterdays sudden drop in price and filling buys at what looked like sell prices at the corresponding times.

Any sale via the company broker will I suspect be hidden from the market.

Good work FS

We bought the NW Zambia licences using 2,500,000 shares:

iii) for the issue of 2,500,000 Galileo Resources plc shares (the "Consideration Shares") at a price of 1.175 pence per share being the closing Galileo share price on 4 September 2023 (totalling £29,375). The Consideration Shares are subject to a three month lock up arrangement and thereafter a further three months orderly market arrangement. Under the orderly market arrangement, the Consideration Shares can be sold via the Company's broker at a price determined by the vendor (the "Nominated Sale Price") which shall not be less than the lower of i) the 10 day VWAP and ii) the closing bid price on the day before the fixing of the Nominated Sale Price and the Company's broker will have 10 business days to sell the shares at the Nominated Sale Price

I suspect over the last month or even yesterday these have been sold.

What time did your buy go through?

FS you bought 1.7 million

3.4 million delayed trade sells at the end of the day no wonder it fell 0.125p

Disappointing move today but I'm in for the end game.

Excluding results/interims - GLR 21 exploration updates since Jan 2023 AFP 6 - GLR are moving forward and there are many updates!

CB is only in one company that could be life changing SP appreciation. AFP to some extent as sold out to FQ and will need to raise money this year so dilution is on the way. If even their licenses with FQ are considerable then they will only own 25% of them. Whereas, GLR does have licences where they could be worth over £100 million in their own right for GLR. GLR is IMO the only chance of CB getting that big London deal. I do realise AFP is only worth a third of GLR at the moment.

To some extent I agree with you Iky but any new speculation or updates with your friend in the know then I am listening with of course a pinch of salt.

It is quite a difference the way GLR bought the NW Zambia compared to a company like KAV. CB paid around a million US dollars but $750, 000 will be spent on drilling and data research to aquire 65% but at any stage of the initial research we can back out and walk away. KAV spent over $1,5 million for 90% of old Botswana licenses but will need to spend millions to prove up and if they carry on finding dust will be hugely expensive to walk away. CB is quiet the deal maker in purchasing licenses and let's hope he can be just as good again at selling if we do have the correct post codes.

I agree BS that the assays are late and I thought they would arrive in January. However, from experience from other stocks they're usually late but it doesn't mean they're not good.

Prickly and co have you actually been invested in GLR in the last 4 years or do you just not read the RNS's. GLR is up a multiple of 4 in 4 years and the number of great deals is massive.

So we have increase from 1.05p to 1.175p in a week I make that an increase of 12% which is OK. Let's hope it can carry on next week. We all knew that we had these licenses and that we were doing work on them. Well now we know that a drilling campaign would be well worth while. The AIM market is one of the most inefficient in the world. 2020/2021 was a bonkers year when many people were making money on the speculation but now it needs to be the full blown killer RNS and I am sure we will get one in the first half of the year but I can't decide which of the 5 prospects it will come from (Kalahari own, Kalahari SFR, Kamatavi, Luansombe or Shinganda}.

What's the odds on a Kamatavi RNS sale tomorrow morning IKY

For me like XTR found out with BR a JV demonstrates a lack of certainty of the asset and XTR shareholders were the big losers in the end.