Member Info for HawaiifiveO

This commentary on Galilleo by Alister Ford has probably been missed by most .......

http://tinyurl.com/y6lx6cfd

'So, there’s a lot going on inside Galileo, and an asset base that seems to justify a much steeper valuation.

How long it will take for that value to show through remains to be seen, but once the shares move it seems a sure bet they will move rapidly'

Worth noting this hit 10p in July 2016 - 3 years ago - only 200m share in issue at the time but still a £20m m/cap. Now there are 400m shares issued.

Good luck getting the shares - I bet this will be over 1p by the end of this week.

It is very clear this is very much below radar and most retail investors have no idea about the potential - it could not be clearer, the company will have income of £10m per year starting very shortly.

Quite how the market values GLR at sub £3m defies belief - hard to believe at 3p the company would only be valued at £12m !!

This podcast tells all

https://audioboom.com/posts/7300246-galileo-resources-discusses-their-initial-inferred-resource-and-john-meyer-covers-resources-stocks

Here is the link for the interview conducted recently, MC hints about early production etc.

https://www.youtube.com/watch?v=2pDO8fYPAPs

There has been some steady buying of Condor over recent weeks - the stock is pretty tightly held - I suspect a fund combined with some retail buyers are active.

The recent interview with Charlie Gibson was quite revealing - it does look like the company is looking towards near term production via a toll mining deal - that would be transformational for the share price if it occurs.

The shares look good value given they have not rallied with the gold price like most other gold plays.

Having been through hell and beyond at XTR as a longer term (for AIM at least) shareholder I do now feel that the company is on the cusp of great things - Bird has finally delivered and the future looks exciting to say the least.

Bird is not what one would call a ramper - OK he promotes but he does not ramp, I recall when JLP was around 1p he and Leon did a number of live podcasts suggesting the company was about to change for the better, the result - JLP's share price moved to 5p within 12 months on improving fortunes.

I think Bird's recent VOX podcasts have been exceptional, he seems to get to the point quickly, the $800k-$1m a month income to next year is just one reason to invest, the higher gold price will deliver increased short term cash from the alluvials at Manica - then we have the blue sky upcoming drilling activity in Zambia. I believe he is onto something big in Zambia - he has good contacts in country also.

The current circa £5m m/cap is a anomaly, I am looking forward to the strong re-rate ahead.

Lots of drilling activity ahead in Zambia

https://audioboom.com/posts/7337914-highlands-natural-resources-xtract-resources-europe-metals-and-john-meyer

The momentum here is building, plenty of news ahead on operations in Zambia and Mozambique + we can expect a very decent Q3 production/revenues from the alluvials - gold at $1500oz will generate useful cash to XTR.

As the Exec Chairman said shareholders can look forward to $800k-$1m a month income starting next year - all this from a company that has a current enterprise value of circa £3m.

The stock will re-rate.

Despite all the negative comments the company was still cash-flow positive based on a gold price of around $1300oz.

I do not think they have hedged their gold sales either so we can look forward to a higher price in Q3.

They are still on course for 60k oz this year - the higher gold price will clearly deliver more free cash - if they had got $1500 oz for the gold another $3.5m would have fallen through into free cash

There is still nothing available online - stock is exceptionally hard to acquire now - I doubt there will be many sellers as most retail investors are in far higher up and understand the potential gains ahead if re-financing is completed.

Good luck for those that want in !!

They are trying to contain this IMO - the last thing they want is to be selling stock they do not have at current levels. Market knows news is due so the market makers do not want to go short on their book - basically if they sell shares they do not have around .80p then news comes and it spikes to say, 1.5p then they are showing a loss of nearly 50%.

I have seen this often on illiquid stocks - when it moves it will be fast both on bid/offer

There is nothing available on-line - in fact it has been like this all week - for those trying to get in best one can do is put a limit order in and see what happens - would probably have to go for .85p now though - this has a tendency to move fast when they do let it go - I can see 1p+ coming, possibly today.

I am starting to wonder the reason for not releasing Q2 numbers is something to do with the market value of MTL, maybe there is some form of partial debt for equity planned (as well as other proposals) if the numbers are released this could effect the price of such an arrangement.

I have suggested some of the debt could be converted into equity at some stage but at a premium to the current market price - clearly the banks would understand the reason the stock price is at current levels is due to uncertainty - remove that and you would probably see a far higher stock price.

It is a total conundrum currently - all we know is the gold price is racing ahead and this is hugely beneficial for MTL

Gold now approaching $1500oz with some commentators talking about $2000oz

The CEO hinted on how frustrating the debt restructure delays are in the last RNS - I am sure he wants conclusion as much as we all do.

Could this rise in the gold price increase the chances the major shareholders will simply buy out the bank debt?

This really is getting frustrating, more-so because gold is surging in price and without this, may I suggest, ridiculous poker game going on between the banks, the major shareholders and the company MTL would probably be trading around 4p-5p right now.

Whilst the debt is meaningful it is not unmanageable by any means, as I have previously indicated the rise in the gold price generates another $12m compared to when the debt restructure talks started.

Based on existing production the company would be generating nearly $90m based on $1475 gold. Surely a deal can be struck on that basis - quite why the share price is not ripping away is very strange, possibly because many do not understand what is going on or maybe it's because MTL is below the radar of traders.

At some point, regardless of news, some entities will take the view this company is worth a risk investment, when that happens just watch the share price move !

JB said at the investor event he had experience in dealing with permitting issues across Europe.

BOP fully installed
https://twitter.com/zenithenergyltd/status/1158654700406890496?s=20

Talks about processing copper - Leon is very excited about Zambia
https://www.youtube.com/watch?v=tFWA5Xa0rZw

Significant growth in earnings

https://www.youtube.com/watch?v=tFWA5Xa0rZw

Worth noting that based on current production of circa 60k oz a year it would generate $87m verses $69m at the start of the year.

I simply do not think people have latched on to how relevant the gold price rise is for MTL - usually indebted gold companies are the 1st to bounce strongly on significant commodity gains.

This really is a steal at current levels - clearly Q2 results are being held to co-inside with refinancing news.

No wonder the market does not want to sell you shares at current levels !!