Member Info for Dcat80

Zak mir interview now out.

Looks at it in 3 parts

1) sale of assets being the stockpile £1.97m for GLR 29% direct share. GLR also own 4.99% indirect not included in the £1.97m which should be worth more
2) sale of mining rights. GLR £470k
3) Sale of Glenover itself £4.78m to GLR

Total circa £7m to GLR, plus whatever for the 4.99% indirect ownership

It’s still fill and kill for anything over 10k shares, has been since circa 4pm Friday with MMs trying to hold it back now. You know the score, they have to fill any order up to 30k shares at the quoted ask.

I’m still in contact with Obelix, will pass on your regards if you like?

As for posting, it’s boring being asked what news is due when it’s not changed since the Met tests released end August! When we get updates I’m sure they’ll be more chatter.

In meantime most of us just having chats by dm, something you’ve chosen not to do. Even desert star (who has been adverse to signing up elsewhere) has had a little chat with me after years on this bb, not much to discuss on company until news lands but we’re still alive!

Hopefully you’ve all spotted vanadium price is increasing now. About 10% up in the last month and looks like the increases are accelerating.

Well hopefully that means in the absence of a seller we move over 6p on bid when the 6.15p line bought out

Remember they have to fill 30k shares at the quoted ask (6p). Might want to try that

If you read the full RNS you’d have also seen additional workstreams undertaken and expected Q4 along with comment economics expected better than PEA.

My hope is additional workstreams equate to local offtakers doing further test work as selling locally saves us shipping costs. Alternatively or in addition work on the Tio2 as Largo have been progressing their plans including releasing NPV incorporating it and we of course use the same mining consultants, hardly a stretch to think they might be working that angle for us to beating in mind same type deposit and in same country…

It’s a reply to me comment on which I said “you forgot to mention I’m a meanie”

Unfortunately I’m not the landowner. Wish I was as landowners get a royalty…

Yep, good to see the free port expanding. We know lots of interest in the area especially for green hydrogen production.

Check the other place for more detail.

In meantime Anglo American show confidence in Brazil iron ore committing $600m capex for their ops in country

https://www.mining.com/anglo-american-to-invest-800-million-in-brazil-by-2025/

For those that haven’t seen it yet the recent TNG presentation worth a watch. As said before they’ve similar technology to what Fodere Group have patented. Spells out clear as day stat the future could/should hold for us (not under trial mining).

Can skip to 4m 25 seconds if you like, earlier though talks about why TNG will be using green hydrogen now and we know they’ll be an abundance of that produced at Port Pecem in years to come…

https://www.youtube.com/watch?v=r1BZ39B-p-o

Nope, not sent severed finger in post either. Just too cheap and book seems to have flipped to strongest position in a while

Hopefully is, I’ve added £3300 today over 3 trades

Pretty sure the small trades you get altogether when either bid or ask changes is linked to the no commission platforms which generally smaller trades, no idea about the silly ones seeing regularly over last couple days though - too small even for no commission platforms!

We know Sandfire portion of drilling cost $500k as that’s being reimbursed to us, we drilled similar amount over our own licences.

You don’t have to be able to interpret the RNS to see sell off is overdone with £2m off MC…

11 MOUs for green hydrogen production at Port Pecem including one by Fortescue at $6b and another by Enegix at $5.4b. It’s a serious amount of money being invested.

Green hydrogen is one of the alternatives for coal produced steel which is one of the largest co2 emitting industries.

With that amount of green hydrogen being produced plus the tax benefits of port Pecem (free port) there’s the potential for significant growth in the local steel industry (already plants at Port Pecem).

It’s not direct to Jangada, but steel industry needs both iron and vanadium. Sourcing locally only helps the green credentials of local mills and obviously creates more jobs which State of Ceaea keen on.

Geographically it puts us in a great position. As per Tombador recent presentation high grade ore such as ours is sought as can be blended with lower grade, selling local takes out the shipping costs and would have significant cost savings for us.

We don’t know what the additional workstreams now being carried out are, however local steel mills will want local supply chain and finding local offtaker would have significant impact on our economics. Work by local offtakers is certainly one of the possibilities I think new work streams could be and if so outcome very important to us.

https://twitter.com/tombadoriron/status/1455020808795947010?s=21

https://www.bnamericas.com/en/news/brazilian-state-signs-us2bn-green-hydrogen-deal

O&W you even liked one recent tweet so you know I’m still posting there!
DS - that’s you that send me message?

Annual report wasn’t produced long ago, page 61 cover o/s warrants as per time of issue..

https://galileoresources.com/wp-content/uploads/Galileo-AR2021.pdf

Yep, almost like they’re trying to keep it under wraps.. Be nice if important enough to justify its own presentation at some point!!