Member Info for JuniorLassonde

HD, they will know what I think for sure. I have been taking advantage of the share price weakness for some time so my SP average is comfortable for the asymmetrical upside I believe is in place. I would have preferred an earlier deal but if a better option is possible by a decent margin then I am comfortable with waiting longer for that but only for so long. My money, my risk, my choice and all that. We should get a Molefe presentation very soon which should enable existing and potential investors to make an appropriate decision. Lots going on no doubt but we all know the GLR PR function is atrocious and not worth what we are paying them. We will succeed despite the PR function.

HD, with regard to a response from GLR - nothing received from Galileo in response to my latest Email. So far.

WRT Chri5p, Chris mentioned shareholders with >2% interest, so I would assume he has > 2% minimum. His business, not ours, and based on previous discussions he is capable of taking very large positions and has done so successfully in the past. There are several on this board who I know for a fact have > 2% and they continue to accumulate. We have the assets, we have a soon to be agreed share in a monetised asset in a JV which in itself has huge potential and scope for further uplift. The Luansobe deal has not landed just yet, but hang out for more £ is something the execs will understand more than we do. They know how many of the current shareholders feel on this topic. GLA.

Happydays "I just find it quite odd they doing this now when clearly there's no money for share buy backs or dividends for the next two years..." have you taken Molefe et al ramp up into account? High margin, low cut off plus portfolio expansion - ramping up Project G etc?

Hi Chri5p, I think the JLP molefe presentation is due soon. That should in theory be a good proxy for us to understand what we have with more clarity. And there is a lot of upside on Molefe that shareholders want to understand for good reasons. I would like to see the JV more aligned in terms of outside presentation to shareholders even if inside they are tightly aligned etc.

Not all assets will be equal priority. CB did say previously that Luansobe was number 1 priority, but Molefe is likely to get a lot of attention at the moment to ensure a) we get the 23.75% share of the asset, and b) the cash flow that comes from it in due course. I do not see any resaon why both could not run in paralell. The delay in a Luansobe deal requires an update to the market who may have bought on the basis of that September 17th 2025 RNS statement.

I would also expect some assets to have become non-core. Anything non-core, low priority can be sold off IMO.

The very high value assets negotiate the hell out of them...that's where your 10 baggers are

Hi Chri5p, I think the Molefe presentation is something that if drafted in an appropriate way, will and should satisfy shareholders in both JV companies. GLR Investors want, on the whole, and IMO only, to understand when monies will start to flow to GLR, over what period (likely LOM), and what the expansion opportunities are within that asset. Potential further JV collaboration of a similar ilk will be something to watch out for. Molefe alone represents a significant multi-bagger - otherwise why do it? The numbers and grades imply serious numbers. We will get an answer soon - I think within weeks?

Hi Dru, all sorted. :-)

The dilution might have dropped them below 3%. However, processes and governance exist for a reason.

paraphrasing the email i sent yesterday

letter to galileo ir - key questions on asset portfolio

dear ir team,

i'm writing to seek clarity on galileo's current asset portfolio, particularly licence tenure, project focus and the path to cash flow.

botswana – kalahari copper belt

recent comms emphasise three 100%-owned licences (pl253/2018, pl039/2018, pl040/2018), yet earlier disclosures referenced a larger package. i note sandfire no longer appears as a substantial shareholder—surprising given the website update but no tr1 filing.

could you provide a current schedule of all active kcb licences (numbers, areas, ownership status)?

should investors now view kcb strategy as centred on those three licences, with others non-core?

zambia

luansobe:

what are the key next steps and timelines (mine design, financing, pilot mining)?

at a previous agm, shareholders were told an acquisition offer was declined as too low. would similar terms be viewed differently now given time elapsed?

how do you assess likelihood of a value-accretive deal vs continued expenditure?

shinganda / western foreland / ka****u:

where do these sit in project priorities and what activities are planned for the next 12–24 months?

molefe (jubilee jv):

what's your estimate of timeframe for jubilee's capital recovery, and when would molefe generate meaningful free cash flow to galileo?

post-payback, how will cash flow be shared between jubilee, galileo and local partner (monthly/quarterly)?

zimbabwe

licence renewals for kamativi and bulawayo remain outstanding by several years.

current status and expected timing of renewals?

should investors view these as contingent opportunities or ongoing core assets? should they be written down in next accounts?

usa – ferber

current status and any near-term work or strategic options (jv/monetisation)?

disclosure standards

given multiple jurisdictions and projects, can you confirm:

material changes to licence status or project priorities will be notified promptly?

which assets you regard as "material" for disclosure purposes?

clear guidance on tenure, project ranking and route to cash flow would help all shareholders understand strategy and value the portfolio appropriately. monetisation and shareholder value enhancement are what matter—a trend now starting for many juniors.

thank you for any clarification you can provide.

Given the ramp-up plans and recent developments, here's what I would like to see in the presentation:

Visuals First

- Current drone imagery showing pit extensions across the licence area vs unexplored ground, with overlay of which pits are merging

- Drill hole map for the full Phase 1/Phase 2 programme

- Geophysical anomaly data if it exists for the full licence and clearly show which parts are being / have been drilled

Galileo JV Clarity

1. The silence from GLR fuels doubts. Need a jointly agreed update posted on both company websites showing actual cooperation.

2. A statement on next steps on the JV

The Critical Questions

a. Sable capacity - How much headroom does Sable actually have? If substantial, extraction rates beyond 60,000tpq become realistic. What's the annual ceiling before the site gets too constrained?

b. Grade sensitivity - What if actual grades come in higher than 1.4-1.6% TCu at surface? Show the expected ROM ore sorting uplift percentage - the high-grade economics must be compelling!

c. Copper sulphides - Address it head-on. What's the strategy at depth? Can Roan pre-process sulphides? Make clear it's common in Zambia and processable, but copper oxides is the current cash cow.

Fill the Gaps

1. Stockpiles - When will the ylikely be utilised? Have they been properly assayed?

2. Phase 2 results - Are they finalised or delayed - if so why?

3. Production numbers - what are they likely to be - re-cast

4. Baseline assumptions on when the monies due to JLP will be paid back before the JV Share is allocated

Pit consolidation - Quantify the tonnage uplift potential as operations mature

Bottom Line - Molefe is the Pillar 2 cornerstone - prove it with complete data, compelling visuals, transparent JV messaging with next steps, expected copper oxide mining rates with clear quarters identified, a clear sulphides/capacity answers, and a quarter in which monies flow to all parties in the JV.

Thoughts?

4E, Not sure that would help those preparing the presentation who might be looking for a steer on this BB.

What would you like to see covered in the Molefe presentation ?

MM, best not to conflate my post on analysing the trades solely from yesterday, with your wider concerns IMO.

You, and only you can assess your own risk tolerance, position size, and time horizon. If the wait no longer fits, exit. If the assets still align, continued patience is rational. Results, not rhetoric, will decide. As can be seen yesterday, the market will take your shares for sure.

Molefe, woth its Phase 1 results being excellent, is not a shift away from other assets - I see it as a pragmatic, low-commitment move designed to generate near-term cash flow while, (most of )the rest of the portfolio advances in parallel.

We know that Luansobe has not landed, but we also know from a prior AGM that a multiple of the current market cap was tabled and rejected during a low copper price environment. We also know it has serious blue sky potential so CB is correct in rejecting lowball offers for an asset that has a very high value. When ti does land those who stuck with the programme will be well rewarded IMO. A multiple of current market cap for Molefe, and a multiple for Luansobe - those two alone beat most companies returns, and certainly better than most 'safe' investments. I presume you are here because you want a large multiple. With that comes risk and volatility.

So, Molefe offers a pathway to meaningful free cash flow participation with modest spend and quick timelines which most on here have been pleading/wishng for, while the higher-risk/higher-reward exploration assets (Luansobe, Shinganda, Ferber) continue de-risking in the background. Success at Molefe could help fund or support the rest of the portfolio and I look forward to the Phase 2 exploration results, Molefe update from JLP, the 23.75% interest being confirmed for GLR, and next steps.

I also see Kalahari assets being sold off - PL39/PL40 with 'close' to Khoemacau, PL253 next door to BHP/Cobres interest, as well as Ka$hitu provding a meaningul multiple. Not sure about Zimbabwe assets - I have written those off. Even Shinganda is likely to get an open pit going at some point imo.

I do wonder if some % asset swaps JVs are on the table between GLR and JLP in Zambia. That would make things interesting.

Yesterday’s −3% close in GLR looks a lot scarier on the screen than it really was.

Early on we saw the usual weak‑hand selling in small clips around 0.75–0.772p, which walked the price down into the low‑0.7s.

From late morning onwards the tape flipped, with most of the real size going through as Buys/Unknowns between roughly 0.74–0.77p.

We then had multiple big blocks of 2–2.4m shares crossing in that 0.72–0.77p band, which is classic stake‑building behaviour in a micro‑cap, not panic dumping. A lot of those large trades printed at or near the offer in a wide 0.70/0.75–0.80 spread, so someone was happy to pay up to get stock.

In that context the −3% headline move is mostly down to how AIM prices the close – a last small trade near the bid can drag the % figure even when most of the day’s volume went higher. There was no negative company news yesterday and the recent story has been about progressing the assets, not any kind of blow‑up.

Taken together, the order flow shows bigger money quietly absorbing supply from impatient sellers. For traders and patient holders, that’s usually a "watch the next few sessions” setup rather than a signal to bail. As always with GLR it’s still high risk, but yesterday’s tape was much more accumulation than capitulation. All IMO.

You are correct MM. I never noticed that before - always thought I was communicating with the other guy! :-)

I have had several replies - some of which I have shared. I always keep it polite and professional.

Persistence usually pays off.

MM: There are two Emails on the website

1. waltie@galileoresources.com - J Richard Wollenberg - Non Executive Director on the Board.

2. info@galileoresources.com

I never give up Levi. The assets are excellent. We all agree that PR is poor. I think Molefe will be an increasing cash cow. Just waiting for several of those asset sales and all will be forgiven. The JLP JV in particular will lead to much bigger things IMO and it is in the interest of both companies to make it a massive success. Several other CB companies have higher market caps than GLR at present which is a surprise - they have bagged many times. GLR will do the same IMO.

My preference is to contact the management with suggestions on what I would like to see as a shareholder.

Buyers on the dip.