Member Info for Datacheck

This is the second substantial (ish) placing I have been through with GLR. I think last time we raised similar amounts of money but the MCap was about £4.5m

Really uncomfortable at the time, but we used the money to buy the KCB licenses which came good for us.

Bzt went through a very difficult placing recently and look at them now.

It stings, but I do think we will make this money back and them some quickly. Also past history shows there ls good reason and good performance from money raised.

I think there's a Kamativi/Bulwayo play coming. I Trust Iky is onto something

There's something about giving a timeline in this RNS as well. I had a call with CB a few months back, I said many times he just has to be watertight on timelines due to the regulators.

Also being over subscribed shows confidence in us. I'm not Niaeve enough to think the investors never go more information. They must have seen something big they liked

agreed chri5p, 2 more drills or it doesn't take that long to run an xrf machine over the drill cores. more rnss imminent. another 20-30%

then news on ka****u and or luansobe to rocket us

Here we go all. Like I said the words "visible copper" will boost the SP. Cobre saw its Mcap shoot to $70m+ on visible copper and XRF results. We could see the same rise. They even had to put the brakes on at one point with an RNS as the SP was going that high in sentiment

I agree with you CHRI5P, the second any drill result shows visible copper intersect, the SP will fly.

We've got a good chance here

Galileo will be one of the safest junior mining companies on AIM once we get notification of monetisation. I'm basing my investment strategy on this. Others will follow once this news drops and the algorithm due to share demand will force the SP up.

morning all, i'm way behind. work, baby etc etc.

watch what happens when we get news if ka****u and luansobe small pit monetisation plans announced. i doubt we will do the heavy lifting ourselves and a contact i have in zambia says the chinese are hoovering up everything put play hard ball at first.

interesting side story. i met my contacts 5 years ago by fb messaging "planet nightclub" across the road from our old asset starzinc and asked them if there were diggers across the road. we've kept in touch since.

I disagree Levi. I could pick just a handful in this bulletin board that combined 10% of the company and the number of share holders is likely less than you'd think. Heard mentality is a powerful mindset. I would be put off if I read a full bulletin board of negativity. I'm not for one minute saying be positive to trick others btw. Just that endless slating of the directors does have an affect on sentiment. Example: Sentiment drives optimism, optimism is the decision to stay in something against the odds. Selling into good news kills momentum. Its all linked imo

Of late iv become tired of this board. We used to have a great community. Now it's digging up months old posts to prove eachother wrong :-(

I think you could be right HD with the Jubilee tie. They may be pacing proceedings

Sorry HD, got it wrong

@SHAREDATA12

HD are you on "X". Add me @DataShare

No problem all. Thanks IBZsun. Seems I can't do simple maths haha. You're right, the profit would be $3500

Re calc to 25% share of that is $4.75m per month

Thanks BS, well reminded, 75% share back down to $3.28m per month

Very nice.

I didn't read Analyticals calcs as having the profit share of 25% to statunga in the cut off of 0.25%. I recall him stating the 0.25% would be the break even point which included among other things the 3rd party contractor.

The post went something along the lines of PV at $26m split 75/25 ? At a discount. Not sure if the assumed discount was 75% same as I used

I joined "Our minerals in Zambia Networking Facebook a while back

https://m.me/ch/Aba68z_kmGtltPQg/?send_source=cm%3Acopy_invite_link

I came across today this post

"Our purchase terms for copper cathode, please confirm these four items from the seller and reply.

1- 12-month purchase contract with a tonnage of 60,000 tons monthly CIF delivery parts of 5,000 tons.

2- Negative shrinkage -25% LME London.

3- Settlement is 100% SBLC.

4- Copper cathode purity: 99.99 WhatsApp contact number: +989140725801

This is very similar to Luansobe life of mine. 6mt at 1% is 60k tons of copper.

Buyer wants it at 75% of market rpoce at a rate of 5kt a month of copper cathode.

A few assumptions

$10K/t copper price

Purchase value $7500

Processing cost per t $4000 (JLP target a while back)

Leaving $2500 to be shared profit between

Processing company 50% $1250/t

Owner of asset 25% $625/t

3rd party miner 25%

5000t/m

$3.1m/month for asset $10K/t copper price

Purchase value $7500

Processing cost per t $4000 (JLP target a while back)

Leaving $2500 to be shared profit between

Processing company 50% $1250/t

Owner of asset 25% $625/t

3rd party miner 25%

5000t/m

$3.1m/month for asset Owner (Us)

$37m a year to us, $37m a year to 3rd party mining comtractor, $74m to JLP ;-)

That's for shallow pit alone

My take.....Another 12 or 15 copper mineral processing licenses granted. 15 more potential customers for us

first week in aug, i'm calling it for update on ka****u

the pre strip or testing will have been going on for a min of 3 months by then (ref google maps update may of site clearing). the first results should be processed to tell us something.

example "3rd party contractor testing started, results are looking favourable, however they reserve the right to cease operation at any time"

we can see the bl**dy truck on satellite, something must come our way soon in terms of update

Interesting Gixxer. common denominator SHARD and Colin.

smoke signals of collaboration and deals

JLP changing its broker to SHARD, same as us. Details of the JLP south africa branch sale by the end of this month......next month details of asset purchase from GLR ha

it's will come guys. just like an asset without a mining or exploration license is impossible to add value or monetise (we have those now). without money assets with licenses are difficult to add value.

when ka****u starts earning us even at the very bottom of the scale, a few $100k a month. all of the assets will be suddenly valued higher and reflect on our mcap(sp).

even the smallest operation at ka****ue is worth to us 5x it's actual value imo.

No problem BS. from the look of the ground, it looks like overburden removal or large/bulk sample taking. this is likely prelim work and potentially not mining....YET. from this off take agreements can be made and contracts set. we were updated on the presentation that a 3rd party contractor was being managed (words to that affect). I dont believe we are in RNS terratory yet. this is just an example of how research can give you an indicator we are heading in the right direction and bolster any decision making to take position in readiness. rather than waiting around in the dark to be fed info, go look for it type of mentality (not saying you dont, thats just a thing i do).

Good point about the date, I weeks ago and spoil being taken away, means we in real time are closer to the goal

Https://maps.app.goo.gl/i2KUS8X83yPPaKAF7

Hi FS, try the above. I'll post on X in a min