Member Info for JDAU

Not sure why CE - just seems to give me a weird error message and some code... don't worry too much about it.

I'd heard of GLR (amongst CB's others) and previously looked at investing in it, however due to my aggressive investing over 'there' I wasn't in a position with free cash to invest here... or anywhere else for that matter. It sure as hell paid off though!

This years shenanigans over on the other one re SP progression has really changed my ability to invest in projects/companies I like the look of as I'm now moving forward into the year sat on top of a huge free ride over there and a pretty sizeable amount of cash to play with, a decent proportion of which I've used here.

I have indeed been aggressively buying these of late in order to build a position here, If I'm honest I really like the look of it.
I feel CB has really earned my trust and so my plan is similar what I executed over 'there': I've bought a substantial amount of shares in GLR over the past few trading sessions and intend to hold until a fairer company value is shown via the share price - at that point, again the intention will be to pick up a substantial free ride and hopefully a tidy profit (let's be honest, for all anyone posts on bb's it's the name of the game).

My aggressive buying this morning was mainly due to the mm's dropping the SP hard on what looked like few sells, importantly with nothing negative going on in the company.
This is the sort of mm game I'm happy to play as I value the company not only significantly higher than where I was buying previously (1.75pps) but 1.5p-1.6pps seems a bit stupid considering the recent Sandfire transaction and the other news I'm expecting over the next few weeks/months.

I think I communicated previously with you that I'd intended to have a sizeable but not huge position here.. turns out I researched hard and changed my mind - as with our other one the MCAP vs potential revenue / potential sale of assets etc just doesn't make sense, for that reason I'll happily buy a load and hold until fairer value is shown. Lord knows the other one has taught me a very important lesson: be patient, stick to your research (assuming it's good quality) and one way or another value will out.

As an aside, I'm all for nicknames but not sure I'm keen for that one - even though I have to admit it did made me chuckle.

Hi CaveatEmptor, hope you're doing well?

Thanks for providing this info, very comprehensive and it's appreciated :)
Unfortunately the link doesn't work but I'm happy knowing that my findings / your explanation likely mean the same thing: CB wanting the SP to be considerably higher than it is today.

Interesting to know a bit about the company prior to me getting involved in it - have you held in GLR for a while?

Apologies, got massively distracted whilst half way through typing that...

*you’ve been great in helping me to build a picture of our other one

Good to see you guys here!

I’ve been In XTR for approximately the last 5 years - I started this year owning just shy of 1% of the company so needless to say 2021 has been treating me very well so far.

If I can help you with any info re XTR i’d be happy to return the favour considering you’ve been a great help in helping me build a picture of our other one.

In fairness to XTR, the management team did expand directly as a result of the bushranger acquisition...
Ref: https://www.lse.co.uk/rns/XTR/directorate-change-gq8o8xxgo858aey.html

As far as a lot of our other projects go, CB is a dealmaker, he lines up contractors and then lets them do the work.
Personally I'm happy with this business model as it results in a very low overhead cost for the company in terms of wages - this reduction in operating costs means less requirement for cash, resulting, at least in my view, in less need to raise from the market prior to substantial income from assets that have taken a reasonable amount of time to get into production.

I'm unaware of the details surrounding all of CB's historical purchases so can't really comment, however, i was just looking at a few figures from the last few years and thought I'd share what I found as imo it's pretty interesting:

RNS 1st March '16: https://www.lse.co.uk/rns/GLR/issue-of-equity-directors-dealings-and-tvr-twhugjao30cstst.html
"...Accordingly, Colin Bird now holds 48,185,000 Ordinary Shares representing 24.87% of Galileo enlarged issued share capital"

RNS 5th Sep '17: https://www.lse.co.uk/rns/GLR/directors-subscriptions-pdmr-shareholdings-tvr-h6541vwdrmfi07y.html
"Colin Bird, Director, has subscribed for 1,250,000 new ordinary shares at 2.0p per ordinary share and now holds a total of 49,435,000 ordinary shares or 19.42% of Galileo's enlarged share capital"

So from this we can clearly see Colin Bird had circa 48m shares between March 2016 and September 2017.

Look at the 5 year chart of GLR: https://www.google.com/search?client=safari&rls=en&q=glr+share&ie=UTF-8&oe=UTF-8

There were three clear peaks (March, May & June 2017) of approximately 10p per share.
CB's shares at those points were worth: 48m * £0.10 = £4.8m

Now to bring it a little closer to the current day:
18th June 2020: https://www.lse.co.uk/rns/GLR/director-dealing-zycv47z40qt75ti.html
"...Colin Bird is interested in 63,035,000 Ordinary Shares, representing approximately 8.90% of the issued share capital of the Company."

CB's shares at that point were worth: 63m * £0.008 (0.8p) = £504k

As far as I can see CB's has a similar number of shares as we currently stand (happy to be corrected) Ref: https://galileoresources.com/shareholders/

At todays share price (I'll use 1.6p for aguments sake) CB's shares are worth: 63m * £0.016 = £1.008m

From my view I'd say CB's has a pretty strong motivation in seeing the SP significantly higher than it is today.

As am I Billy... as am I.

MM's if you can't get enough shares to sell to me you I'd appreciate it if you could tick up and try a little bit harder...

That made me chuckle Castiron - no way the SP should be down here atm with whats on the table in the not too distant future.
Happy to add to an already heavy holding here if the price is going walk into my crosshairs with a bullseye painted on it.

Let's hope you got the price you were after, eh Billy?

I mean that I'll happily get the hoover back out if mm's are going to play silly buggers.

Action of late seems pretty overdone...I'll get to work.

I see your game...

Ella, I'm not sure if you're being serious or not but I'd be interested to see your workings / understand where you're attributing value / how much per project etc.

It's fair to say I have my targets set on a much lower figure but if it even came close to half that I'd be laughing...

Couldn't agree more HairyDavey, CB definitely pulled off some knockout deals throughout 2020 - looking forward to seeing how they play out!

In fairness to the company Billy, a pretty comprehensive update was given by the company on the various projects within the half year report only 3 weeks ago: https://www.lse.co.uk/rns/GLR/half-year-report-53zurqww9ao0ufe.html

We also had an update on one of our projects due to a deal made a few days prior to that: https://www.lse.co.uk/rns/GLR/sale-of-9-licences-for-us3m-subscription-cu8dy1vk7bje4e1.html

I want to hear about project progression as much as the next investor but it's not like the company is keeping quiet on all fronts, there is plenty going on. The Zinc project is the one I feel the company should be looking to update shareholders on ASAP however it's likely (as per interviews) the plan is being formalised prior to announcing to the market and will be with us at some point relatively soon.

@Billy - In interviews on behalf of another of his companies CB has also outright stated he looks at the bb's from time to time so I'd say it's highly likely he checks them now and again.

Westlad, having been involved in CB's companies for a number of years you're preaching to the choir.
At times frustrating but by and large movements are in the right direction.

I've got faith that all of CB's plans across his various companies are 'conveniently' coming together in sync with the commodity boom - make of that what you will - CB has made no secret of his tactic of buying projects in metals he postulates will rise in the short-medium term whilst they're cheap and unwanted, developing them, perhaps over a number of years and either moving to production or a sale in line with a rising metals price.

CB got my attention through his other work - his reputation and subsequently this company have also earned my backing.

Understandable Craig, hopefully your continued patience pays off over the next couple of months :)

HairyDavey - As far as I see it from the recent RNS's:
Feb 4th - 12.5m
Feb 11th - 2m

The price seemed on an upward trend through Jan so I'm making an assumption that these recent ones are the main weight on the SP at the moment.

Thoughts?