focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Here. Patience will pay off though in my opinion. Hopefully reaping huge rewards!
PAn-Lid, you really are a moron. Havey you nothing better to do with your life ? Its sunny outside, go and play in your sandpit.
Side of things sounding good. THis will likely be a nice selling off of an asset to the highest bidder!
My money in HL has just landed too woohoo :)
Going by pan-lids panic at the £5000 worth of sellsthe other day, he should be positively jubilated today at the £2000 worth of buys lmao.
Not long now hopefully before the big payout to us from Glenover :)
News on Luansobe and other items must be imminent too
Ah yes, have mine now too :)
Nice
Had their divi yet ? :)
Lmao yes, a whole £5000 of sells. Really does show your IQ levels if you count £5000 worth of sells is big.
Stick to playing LEGO, its more your kind of thing.
Anyway, for everyone else to look forward to, £5 million coming into the bank soon!
About todays news, as Colin has stated in the past, EM airborne surveys are extremely expensive and you would only really do one if you are pretty sure there are good deposits. We are now getting a free survey over the area that seems to be a hot spot where one of our licences is positioned. Sounds incredibly good to me,
BEst thing is, Sandfire have first right of refusal, and if proven to contain good grades, also have a huge pocket of cash available.
Getting airborne surveys for free. Seems they are trying to keep us sweet incase they want to make a nice offer :)
Lets get drilling! KCB licences alone could make us a considerable amount of cash
Looks like another ones escaped form the asylum. Thanks for the valuable information Pan-Lid. You have clearly researched this company very well lmfao.
Yep off we go. Financing to follow soon!
Pan-Lid what an utterly moronic thing to say. Clearly no idea what is going on here. Move on dimwit.
This should move up again lol
Fingers crossed :)
Still miles off what we should be valued at, but a healthy little re-rate
This should move up again soon
They would be mad not to assist us now with interest being added to the tune of 1.25/1.5 mm EUROS per month.
effectively, if the protection for Italy can be put in place, we can go about enforcing the payment! Before the actual annulment process concludes - which we still stand a very good chance of winning anyway.
In effect, just gets us the money a lot lot sooner!
All very exciting, great to see Colin tweeting useful info.
This could be a transformational year for Galileo!
We all deserve it too. Waited patiently and been very loyal. CB will come through to reward us all.
Anglo American has the right to retain an Ownership Interest of 51%, by:
o funding exploration expenditures equal to USD 24,000,000 on or before the date that is 180 days after the third anniversary of the Effective Date ("Phase I End Date"); and
o making cash payments to Arc Minerals totalling up to USD 14,500,000, as follows:
§ USD 3,500,000 upon signing of the Joint Venture Documents ("Effective Date");
§ USD 1,000,000 on the first anniversary of the Effective Date;
§ USD 1,000,000 on the second anniversary of the Effective Date;
§ USD 1,000,000 on the third anniversary of the Effective Date; and
§ USD 8,000,000 by the Phase I End Date.
- Following the completion of Phase I, Anglo American will have the right to retain an additional ownership interest equal to 9% (for a total ownership interest of 60%) by funding USD 20,000,000 of additional exploration expenditures within 2 years of the Phase I End Date ("Phase II End Date")
- Following the completion of Phase II, Anglo American will have the right to retain an additional ownership interest equal to 10% (for a total ownership interest of 70%) by funding USD 30,000,000 within 2 years of the Phase II End Date.