Member Info for Datacheck

Just to add to this further. XTR is suffering in the same way, their asset is less subjective as they have proved it up further than any of ours and yet still they have fallen as well. Copper price has drastically dropped since April, and our SP, JLP and XTR have all fallen since April.

Just a sign of the times I think. When copper prices return after this mess is done with currently, then the sp will return also. We have the cash in the bank to outlast it. £5m last March, it costs us £600k a year to run GLR by the last yearly results.....possibly abit more now we have more assets. It might be a time to just hold and take stock, wait for this to all blow over rather than burning cash on exploration right now.

Just another way to look at it

https://audioboom.com/posts/8057021-traders-cafe-with-zak-mir-colin-bird-executive-chairman-galileo-resources

Definitely worth another listen. Luansobe, lithium/gold project, £5m cash in the bank etc

https://tradingeconomics.com/commodity/copper

Forgot to post the link to the charts

Thats my belief top EyesBlue,

You can see from the charts that April 2020 when covid struck properly, everything took a huge hit. Oil went to zero for example, copper to 50% less than today.

This is just a dip through fear of global recession. My strong suspicion is that as we are all in the same boat we relatively to eachother aren't much different, so things will bounce back quicker than everyone thinks

* the world still needs the things

.........as in commodities. the green machine is being pushed big time still, more electric means more copper.

a bit frustrating Iky, from what i can tell the SPs of companies are being affected by the market trying to price in the risk of recession. price of Oil down 30%, price of copper dropped about the same very recently. This then drops the perceived value of the company. All the fundamentals are the same, its just this turmoil period of what is going on currently. i personally topped up last week to drag my average right down. the highest i bought in over a year ago was 2p, and bought all the way down. we survived COVID above 1p so I'm surprised we are below now, but i personally have added as much as i could afford and then some really. the work still needs all of the things that have dropped in value by 30% in as little as a week, so logic states they will bounce back.

That web page is a great find Analytical.

We are 7 months into CBs own target or 18 months to JORC. The cores available already have hugely acceleratesd (and cheapened) the process. The flip side is not alot to report while they are being analysed and modelled, so quiet on that front front up until now.

Fingers crossed for good news from Addison shortly and the 55 assays already XRF'd in the core store at 2.5% copper in parts.

Awesome Cayote, just shows what we could have here. Can't help but get abit excited for the info coming back from Addison

https://www.**********.co.uk/articles/traders-cafe-with-zak-mir-colin-bird-executive-chairman-galileo-resources-30329b3/

Definitely worth another listen from 19th May

Copper/luansobe/zambia

Calalucia core shed free drill cores

Julian Reave Geo quest reviewed

2+% copper in black shale 36m deep

55 samples in assays now

3.5-5m tons open pit and 7yrs op

30-50m tons wider resource

Addison creating model awaiting further assay results to update model

Lithium/Zimbabwe

Airborne survey complete
Grab samples taken
Looking to start drilling

"Waiting for summer report for the market" (4:36)

I guess this is when we will get the next update formally about the project

We forst got notice of a contract placed with a drilling company in May 21, results came November 21 post 5000m of drilling.

From Nov RNS

"Drilling is ongoing on PL253/2018 and drilling has just commenced on PL39/2018 with the aim of testing an extensive airborne EM target on this property, focussed on the margins of a regional scale dome feature"

Assuming we are drilling similar amounts of meterage and similar timescale, that puts us 2 months late for results of latest drilling. I think I remember seeing someone write in here that mining stops/slows for the rainy season in Botswana (December and Jan), if this is true, then we are about on time for an update

Being so close to gold producing mines already, you can't help but feel optimistic about this one :-)

Twitter is a good way of meeting people without posting on a BB personal info,you can DM and the twitter handle keeps your anonymity until youre ready to share. Maybe try that mate

Great summary Analytical. My thoughts too about the retained liscences. Also let's not forget that something is going on with them and enough to have employed a project manager in Botswana. Good signs, you just need to know where to look :-)

the data from Addison will be a turning point for us i think. It should show a 3d pit and concentration with drill sites to fill in the blanks. The fact we are close to a major Copper producer with this ticks another box as well.

The KCB for me is still a huge asset, id like to see some results from the drilling on our retained licenses, however Luansobe in my mind as potential has taken over, its so much closer to production. good news on this will carry us in terms of fundamentals and essential Sentiment as well.

here we go, at least shoes the bottom. Difficult times need patience, frustrating, but a fact. It is also good to re visit why you were originally invested, so its a shame your post was taken down Analytical. I presume just caught up in the noise of the debate. great info and a reminder of what we invested in. not ramping, strategic thinking when its needed most.

Proce of oil at $130 a barrel for alot of thr last quarter. When the results come out early Aug, this will not be at these lows.

I can confirm that vezzer 6.75 + 1000 this year 6% +1000 next. Brilliant for the people getting it

It is dragging on abit now though this convo. Im fairly sure the culprits aren't the first or the last to dress up strong opinion as fact. Ranting back and forth off topic won't change that. War is bad......done. onto GKP

i don't think there's been reference this time round Analytical. I seem to remember last year they utilised an extension noted in an RNS earlier in the year.

looks like previous 3 years have come out last week in Aug, first week in Sept. Positive for us as surely that's too long to wait for them to kill 2 birds with one stone and any updates we are overdue warrant their own RNS rather than wrapped up in the Final results

Slow and steady, very good point. You can take airport data and are how many planes are flying now, it's ridiculous (ok not all with rr engines in, but an idea). Off the top of my head manchester 23000ish month vs 2018 numbers of 18000 ish.heathrow post their data too. All good for us