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Great share, thanks JL

The 2 mining license applications over Shinganda are now at “Validated pending MLCC decision”.

Everyone cross your fingers. If this passes we are mining!!!

Fantastic news!!!! China building a $1.6bn railway to carry copper starting at Ndola and past Luansobe

14°34'40.5"S 28°50'23.1"E

Apologies, this is the Co ords

14°34'21.0"S 28°51'05.0"E

If anyone is interested, the above Co-ords is the Molefe mine on google maps

The 5 mine sites are explained on the GLR website

https://galileoresources.com/projects-operations/molefe-copper-project/

I'm not making you do anything Levi

I am just a firm believer in sentiment. Up 35% to what was actually 1.1p is not to be ignored. I study the environment of when SP moves and when it doesn't. I have done here for years. I have never seen it go up when the sentiment is low. what people think is what affects sentiment, what people say affects what people think.

BS, the SP went over 1p recently based on Sentiment and likely new investors coming in. probably as they did their own research and saw a break in constant negativity. all in my opinion of course. we never saw the SP over one during the negativity anyway

From Half year results

“· Following the award of adjoining small scale mining licences, the Company has continued to progress discussions with interested third parties

· Further plans are underway to progress the Southern target towards active exploration and resource definition.

Several parties have expressed interest in working with the Company and its partners with various options being presented and discussed. At the time of writing this, report the Company has no definitive arrangement with any 3rd party regarding production, Joint Venture arrangement or a sale. The Company will keep the market informed on Luansobe as matters progress”

We will be getting news of likely twin drilling the medium and deep parts of Luansobe. We know the copper is there as it already has 70+ drill cores telling us. Twinning will show the same.

Key words in the above for me is “progress”. 5 months today since the ambition of a deal being made. I’m not bothered about it not being today as long as things continue to make progress. Well done out soon

One thing is for sure, we didn’t raise £1.7m to do nothing. 2 months until the dry season, we will be getting news on what’s coming up this year shortly. Big year this year

This was in the September results RNS

“ …in the more immediate term a number of near surface targets present themselves, which could be advanced into shallow short term mining potential”

Https://x.com/sharedata12/status/2023521975025693014?s=46

Thanks JL, they did just that. Also at one of the AGMs I went to. We know from shallow pits there is 33g/t gold and 5% copper near surface

2 Artisanal Mining Licenses applied for over Shinganda on the Zambian Mining Cadastre.

Over drill holes 7, 16,17, 19 & 20

https://galileoresources.com/projects-operations/shinganda-copper-gold-project/

43402-HQ-AMR

https://portals.landfolio.com/zambia/

Great news for us. Likely monetisation plan to be released

Good find tbcx, behaviour specific to the investor and not the company

Roast Interview out for AFP

https://x.com/roastpr/status/2017951177707565378?s=46

Colin talks 9 mins in in the pricing of an asset contained tonnage in the ground. Proven resource like Luansobe will fetch $350/t

Luansobe mentioned at the end of the interview and put in the same bracket as AFPs asset insinuating a “buy now value” of $45m+

I’ll take last week CHRI5P. 12% up will do. We tested 1.1p intra day and more momentum to come next week.

RNS s to come any day and could drop while we have that forward momentum.

Looking forward to next week

Dont worry Herman. the road up is never linear.

my prediction

kamativi and bulwayo in zimbabwe notification of license exploration renewal and next steps - march

ka****u update on ore trials with 3rd part - feb

the big one luansobe - feb

western foreland - license now renewed for exploration - jv with 3rd party for further exploration - feb

its going to be like buses, the don't arrive for ages, and when they do its all at once

Credible Agent for sure. PL366 was drilled post sale and came back with visible copper in the drill cores. We were reimbursed £0.5m for our work…… along with drilling 250 and 251

366 was not near Sandfires T3 or T4 so never got spoke about. It was more north east, closer to koemachau. 250 and 251 were sold with a proviso that Sandfire spent a further £2m in drilling on them. We have never heard back from them. I asked in a call to Colin once during Covid and he said their aerial survey plane had broke. We got news of soil samples from SF soon after

250 and 251 are right next to T3 so the ones to work on.

There’s loads of potential in them and 366. The payment is a real thing on the horizon. As there is further exploration I’d like to see a “cash out” type deal where they buy us out the arrangement early. We could gamble and hold out or cash out early

Congratulations on the success Bottoms up. It’s great to see our cousins at JLP doing well. A long awaited valuation. Wish I picked some up at 2.9p a while back. I chose to increase my stake here below 1p instead. All will come good soon

Great holding Bottomsup

I’d be looking for £50m plus. Reasons for more of course, but pitch it down the middle

FS - hit the nail on the head. One of the biggest reasons I invested in GLR was because of Colin’s relationships with Jubilee and First Quantum.

There’s exploration and development but assets are eventually won or lost over an office table making deals with the money holders

We are nearly about to his the big time