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they are actually coming up as sells on here though

haha after yesterdays mistake I treble checked. there should be 3 transactions of £4k and 1 of £1729.87. that was through II.

apologies all missed a digit "up by 0.02p". my brain is fried an extra 20% would be really harsh

managed to buy some 1.009phad to use 4 transactions to keep from pay too far over the SP. anything over £4k and they jump the price up by 0.2p. looking like maybe the MM's maybe need some shares.

In was kicking myself even more about my purchasing mistakw when i saw the chunky buys held back. I knew this would be the start of going big this week especially being confirmed yesterday. Got my finger on the buy button as they will make the sp shoot up even quicker first thing. That will be my final top up then with the rest of what I have and in it for the long haul. Incredibly excited to see where this goes

No saw that wording. You're probably right it's more transfer than new application. Imminent never the less and very exciting. So much going on

https://www.google.com/amp/s/amp.ft.com/content/94065290-58b5-4607-83c4-90a9eeb17187

This is interesting. The Zambian government is.11bn in debt. Glencore copper mine tried to shut down for 3 months and the government stepped in as the majority of its income comes from copper exports. The fact the Zambian government owns 5% of star then it will want that revenue to help with its debt and since the government supplies the mining liscence then no wonder CB is so confident at getting it

I couldn't find anything relating to when it was submit. Just that is wasn't yet in the dec19 RNS but had been by April RNS. Which ties in with starting to dig q2. Couldn't find on the government website for lusaka any public submissions you can track.....not sure how realistic that is. Was clutching at straws thinking maybe it was abit like planning permission uin the uk and you can get access to them as a member of the public.

Soooo may have to own up to something here to preserve any credibility in telling the truth that I may have. That £14k buy (£13881) ..... accidentally selected the wrong box on the II app while at work. I bought 13881 shares ffs. Gutted as I wanted to be in first thing tomorrow morning as this will jump high first thing. I'll have to be part of the rabble tomorrow morning now fighting for some shares so my average doesn't go up too much. At least the sp is crazy low in the grand scheme of things. Hope it makes a few of you laugh at least.

Caterham came across this

Free float is 81.39% of total shares

https://markets.businessinsider.com/stocks/galileo_resources-stock

Those calcs make sense to me with the info you have passed on and without going into it all myself again. some good research that, thanks Jammer. There are alot of assumptions that have to be made either way and they will affect the values considerable....... just throwing ideas around e.g JLP could decide they just want the 20% to 38% straight into the production line get some cheaper processing or as I understand it they are going to mix GLR high grade ore with their own lower grade tailings to unlock revenue from currently useless ore/tailings. The 2 companies are then together and GLR might want a peice of that profit in the contract or due to the fact that JLP can make money from waste because of GLR the terms in the contract that JLP has to pay GLR per ton may have a fixed bottom value......probably the case actually. I think the big thing to take away and from reading the posts over at JLP, people seem to think theres bad blood or theres a competition going on and whos got the upper had or not etc. When really both companies have it in their best imterest to just work together. So the best deal for both will come from that. There's a few posts on here (it's not hard to do the quick maths anyway) stating if the Npv of starzinc was £50m then the sp would equate to 6.8p ish. So if it's half of that as you say then 3.4p ish and if it's a hybrid of best case and your calcs which are more reserved then call it 5p (those values from memory so dont take it as verbatum) Still a 5 bagger and very exciting from today's sp for the ongoing re rate.

Phoenix I'm not as big as you bit did some dummy buys for 4,5,8 and 10k and all said the same. 1.028 ended up putting a single guy in for £14k (when I said big before I meant big for the average trade size you see going up) and that took ages to go through with II.

just put a big order in and its taking ages to go through

that's exactly what this share needs, consistency and a steady rise. no big jumps jus confidence building direction

apologies not sure what happened on that last post

Sorry Jammer these are lengthy documents
there is a lot of info in this one stating ore quality ranging from 38.8% to 2% and how much of it and how much they intend to ship to Sable you can assume an average of 20% and use that to verify below calcs

https://www.hl.co.uk/shares/shares-search-results/g/galileo-resources-plc-ord-0.1p/financial-statements-and-reports

in the June 2019 RNS
"The MRE will allow for a 6-year life-of-mine small scale operation to produce rock mass of only 5,500t/month containing 12,000 t zinc metal per year to Kabwe. While in-house attributable revenues are projected at about USD15 million annually at current price, the annual all in cost is projected not to exceed to USD2 million

12000t/y 1000t/m

5500t/m containing 1000t zinc is approx. 20% grade as assumed above from range of grades

price of zinc June last year was approx $2500ton so I guess take 25% off the $15m as its now $2000t = approx. £10m. cost are $2m annually so can class digging and transport as negligible.

all in all it is not in the public domain about the finer details of the contract between JLP and GLR. So the way they use the higher grade ore to bring up lower % tailings JLP already have etc, how much is going to be direct into the process or if JLP even want to do that first (which is up to them). Given the above you will never see the exact workings out, but you aren't allowed to lie in an RNS so just as you trust there is a contract, you have to trust the exact calculations have been done and the numbers for tonnage are about right

1000 tons of zinc containing ore to sable each month at a market value of $2000 a ton for zinc, is approx. $1,000,000 gross for Sable as it buys the ore from GLR at approx. $1m

Hope that helps get you started

Sorry Jammer these are lengthy documents
there is a lot of info in this one stating ore quality ranging from 38.8% to 2% and how much of it and how much they intend to ship to Sable you can assume an average of 20% and use that to verify below calcs
https://www.hl.co.uk/shares/shares-search-results/g/galileo-resources-plc-ord-0.1p/financial-statements-and-reports

in the June 2019 RNS
"The MRE will allow for a 6-year life-of-mine small scale operation to produce rock mass of only 5,500t/month containing 12,000 t zinc metal per year to Kabwe. While in-house attributable revenues are projected at about USD15 million annually at current price, the annual all in cost is projected not to exceed to USD2 million

12000t/y 1000t/m

5500t/m containing 1000t zinc is approx. 20% as assumed above fro range of grades

price of zinc june last year was approx. 2500ton so I guess take 25% off the $15m as its now 2000t. cost are $2m annually so can class digging and transport as negligible.

all in all it is not in the public domain about the finer details of the contract between JLP and GLR. so the way they use the higher grade ore to bring up lower % tailings JLP already have etc, how much is going to be direct into the process or if JLP even want to do that first (which is up to them). given the above you will never see the exact workings out. But you aren't allowed to lie in an RNS so just as you trust there is a contract, you have to trust the exact calculations have been done.

Sorry Jammer these are lengthy documents
there is a lot of info in this one stating ore quality ranging from 38.8% to 2% and how much of it and how much they intend to ship to Sable you can assume an average of 20% and use that to verify below calcs

https://www.hl.co.uk/shares/shares-search-results/g/galileo-resources-plc-ord-0.1p/financial-statements-and-reports

in the June 2019 RNS
"The MRE will allow for a 6-year life-of-mine small scale operation to produce rock mass of only 5,500t/month containing 12,000 t zinc metal per year to Kabwe. While in-house attributable revenues are projected at about USD15 million annually at current price, the annual all in cost is projected not to exceed to USD2 million

12000t/y 1000t/m

5500t/m containing 1000t zinc is approx. 20% grade as assumed above from range of grades

price of zinc June last year was approx $2500ton so I guess take 25% off the $15m as its now $2000t = approx. £10m. cost are $2m annually so can class digging and transport as negligible.

all in all it is not in the public domain about the finer details of the contract between JLP and GLR. So the way they use the higher grade ore to bring up lower % tailings JLP already have etc, how much is going to be direct into the process or if JLP even want to do that first (which is up to them). Given the above you will never see the exact workings out, but you aren't allowed to lie in an RNS so just as you trust there is a contract, you have to

you could be right Jammer, but it will come eventually. £50m in the ground is still £50m in the ground and NPV is being realised here in the re rate.
the share conference 2020 CB specifically says he has spoken directly to the Zambian government regarding the star zinc licence and "they are happy". if Sable isn't ready, GLR is still sat on a cash pile ready to go when it is. £50m is of course many times the current market cap and hence the re rate currently happening. No one knows the details of the contract between JLP and GLR, but they cant stall or be delayed for too long as they wont hold up their end of the contract. again CB specifically says him and Leon from JLP have come to a fair agreement and they are working together. GLR have enough funds for the next few years, so if they have to wait a bit longer for Sable then so be it.

*roosters...

good investing roosers!!! well done!!

Investinvalue: I think the majority of experienced traders in Aim have had some big losses before. I personally have in my earlier trading days chasing the payday and getting spiked. At a quick glance you may see some traders here calling an SP target. I haven't seen anyone blindly ramping this share. There have been some posts of traders calling an SP target out which if you take as a stand alone post you may consider it Ramping, but if you look at that traders previous comments they all have been part of this journey posting some excellent research and sharing it and discussing with all which backs up their estimates. As Oil says to any new investors, never just invest on a single comment you see, always look into it further and DYOR. there has been so much shared on here just in the past week it wouldn't take long to catch up with what is happening here with it being a re rate and the market recognising GLR's NPV into its SP.

That's true. The 106m is obviously not going to be realistic in practice, but it's a nice value to let your imagination run scenarios. Like if they gave it away at 20% of that. It's still multiples of the current mcap

Good thinking Padmaster! Figures don't lie. That would be spectacular. Let the 're rate continue!!! Gla. Let's see what tomorrow brings.