Member Info for flipper56

Https://www.cnbc.com/quotes/@LCO.1

The long term Brent chart seems to reflect that. Break higher and its a long way up ..........................

Agreed. Trump will soon lose interest and needs a lower oil price. But the the geopolitical risk will remain and Iran will continue to be a disruptive influence across the region. Good for Sealion longterm.

Maybe it is a Navitas/Israel related issue. Or just sell the news in relation to the oil price rise. And clearly many think that this will be shortly over, everyone will shake hands and all will be good. But the new head of the Revolutionary Guards is no mr nice guy. These guys knows what will happen to them if they back down. Just like they did to others when they took power in 1979. Those lamp posts were well used. The Israeli, ie US policy, seems to be the standard Lebanon/Palestine model - just flatten everything and walk away. Rinse and repeat every few years. So will there be a big increase in oil production in the region like the market seems to expect ?

I think there will be many reconsidering their concepts of energy security. Recently Shell said they wouldn't increase expenditure in Kazakhstan due to yet another dispute with the Government. Kurdistan is going to become very volatile and could go anywhere. The current war between Pakistan and Taliban just adds more instability. For years it was about Sealion wouldn't happen because of Argentina. Now I think it could get a premium price on takeover. Probably 2 or 3 years away but who knows.

They must be tempted to sell their share of Sheandoah if Beacon get $5 billion.

I am hoping execising the options will enable us to confirm resources at the other pits.

I admit I am very surprised by the market reaction. Soon the US will rundown their missile stockpiles whilst Iran will continue attacking the oil refineries and tankers. And the US plan to arm the Kurds, bet that will go down well in Turkey and Iraq !!!. I can see a buyout for RKH happening sooner than some think.

Making higher lows. Hopefully will break out soon. I am bored of this 75 resistance.

Ana, thanks for sharing.

Navitas up 7.4%

Https://www.aljazeera.com/features/2026/3/1/analysis-will-irans-establishment-collapse-after-the-killing-of-khamenei

I have been surprised by the negativity on here in recent weeks and have kept my large holding. The idea that Iran will become a happy liberal democracy once the Iranian leadership is taken out has no place in reality. ISIS has also been regaining strength and there are explosive flashpoints across the region. The idea of investing in Iraq etc under the current situation ?. Its open season, Sealion will command a premium I hope.

I also bought in for Star Zinc, now carrying a 5 figure loss. But will come good - I hope !

Hope that helps. Hopefully we will soon be mining at Shinganda and have our 23% interest in Molefe as well.

Coyote2020

8 Jan 2026 00:00

Posts: 993

Price: 0.875

No Opinion

If you are new to Galileo start by ignoring the noise and focus on the basics.

Assets;

Galileo is not a single-asset binary option play, it has a portfolio of 9 assets offering both range and diversification together with a structured balance between risk and reward. Projects span from large-scale exploration to artisanal production agreements in locations across Southern Africa and North America for base, precious and battery metals including copper, gold, silver, lithium, tin, tantalum and zinc.

Business Plan;

Galileo is a project generator whereby the company finds, acquires and advances promising exploration properties then partners with larger mining companies with deeper pockets to fund further drilling and development in return for equity, royalties etc.

Working Capital;

Oversubscribed placing for £1.7M in September last year.

Watchlist;

Luansobe - numerous options.

Kash itu - sale or production agreement.

KCB - assay results for 3 licence areas.

Ferber, Nevada - drilling programme to commence.

That's the basics - tangible assets, strategy, funding and near term catalysts.

ID - as pointed out by Cyb, we had this with Galileo. And had to await for official news. These websites do get it wrong !. But good and hopefully will come shortly. I am sure Namibia more efficient than Zambia. And did give me a chance to top up yesterday so thanks for posting.

I had expected the dd to be done by now. But I assume the off take agreement will be for LOM. This might explain why they are going into such detail as the hope is that this will turn into a much larger project eventually ?.

Thanks Prickly. Thats the impression I got from the Roast video as well.

A higher oil price, ie current levels I think is beneficial to us. The sooner Navitas can reduce their debts the easier it will be for them to progress phase 2 and 3.

A spike though isn't ideal as would hit economic growth and inflation.

Is one of them for PR ?