Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
If you want factual, here you go.
Colin Bird, Chairman of Galileo Resources, said, "Following the positive drill results and significant conceptual grade tonnage estimate for Star Zinc, announced on 14 November 2018, the Company has completed a placing to enable it to do all things necessary, as outlined above, to advance and add further value to what is undoubtedly a significant Project with potential for early production. The directors believe that the potential ore at Star Zinc lends itself to a simple trucking operation for parties looking to enhance their feedstock with high grade zinc ore and early- stage discussions have started with potential off-take partners."
Yes, I will take this direct from this RNS statement.
The Company has completed a placing to enable it to do all things necessary, as outlined above, to advance and add further value to what is undoubtedly a significant Project with potential for early production.
So that is a bit vague, but it says to me that you will need EXTRA funds to get to early production, hence why I put about a loan to get it to production.
Surely this is more unethical, as you are clearly trying to state that opinion as fact here.
Very solid day06 Aug 2019 10:36
7 trades, all buys, and nearly another 1% of Galileo has vanished from the free float and into sticky hands.
Surely for GLR to be producing annual profit of 10+ million pounds, you mean it be a year from actual production, unless you are going to generate 10 millions pound in one quarter, but again that is an opinion of yours, NOT fact and has no details or actual facts in it
Please elaborate your details on this post then?
RE: Jubilee accelerate to this quarter11 Aug 2019 13:13
Yup. Small scale mining license and the off-take/processing arrangement with Jubilee.
Then, by Q4, Galileo will be generating annual cash profit (£10m+) in excess of 4x the company's current MCap.
As holders here have rightly pointed out, the market has completely missed this story - so far!
Of course I understand my original post, I wrote it. I think that you realise now that you are wrong and are tryong every distraction tool you can to try.
Let me explain why I say that you are using distraction tools, because you clearly don't understand the difference between an opinion and fact!!!
Firstly, you call me a clown because I put some thoughts together. Then you ask me to back up said thoughts with RNS efforts. To which i post what is clearly your opinion on the amount of money GLR will make and the timescale they will do it in, despite you not stating it as being your opinion and therefore must be fact.
Then you carry on calling me a clown and despite Langtro advising that you were ramping GLR at 10p, you tell him to butt out, as it is nothing to do with him, despite him only doing what you did and reply to an opinion piece on a public forum.
Then you tell me I am unethical, because I am deramping a share, when in reality, I am offering my thoughts and I clearly explained why I had those thoughts and now finally you say that I don't understand my own post, but again, you don't offer anymore than that.
I personally think that you have showed your true colours with your reaction and juvenile name calling and immature double standards, but please keep trying with the name calling and double standards, because it paints you in such a good light. Ha ha ha ha ha ha ha ha ha ha
Also how is stating my thoughts and clearly stating on my thread that they were thoughts, un-ethical, but you can put down figures plucked out of the air and a timescale that is a guess at best and be counted as factual?
How am i deramping other shares? Surely a loan is better than dilution or do you not think so? Both companies don't have big market caps, with which to attract finance without excessive interest and heavy dilution, something that would affect the share price of both companies. Also both companies DON'T have other producing assets that would help them get project finance, Jubilee does have that luxury, hence why i said a loan to both companies, which would mean both companies get producing assets, again how is that deramping?
You can accuse away, but we both know that you clutching at straws here, your 'opinion' that I copied and pasted here for all to see, is not based on anything that your company has released in terms of money generation, but according to you, your opinion is the only one, that people should listen too. Ha ha ha ha ha ha ha ha ha ha ha ha
Minor Miner, there you go again, you say something like that, but tbere is no back up to it. You started the name calling and asked me to back up what I had said with RNS stuff, but then I prove that you post stuff that is supposed based on figures with no actual proof in tbe pudding and you again call me a clown.
I can't help but wonder why you can post stuff that fits nicely into your agenda, but shout me down because I put a few thoughts down thar aren't compatible with your agenda.
Also, please elaborate how a company that is worth 2 million quid, going to get financing for a concentrator that WILL be needed prior to processing and trucking the ore for refining, when a concentrator will cost about a million quid even secondhand?
Ha ha ha ha ha ha ha ha ha ha ha ha ha. So you have no need to prove me wrong, but I have to prove myself right?
Ok then, you posted this to the GLR page not stating it was an opinion at all and thereby I hope that you have put the RNS statement down in it for all to see. Also prove the figures that you have put down, please, to prove them right.
RE: Jubilee accelerate to this quarter11 Aug 2019 13:13
Yup. Small scale mining license and the off-take/processing arrangement with Jubilee.
Then, by Q4, Galileo will be generating annual cash profit (£10m+) in excess of 4x the company's current MCap.
As holders here have rightly pointed out, the market has completely missed this story - so far!
That is a copy and paste from what you have put down, is that not an opinion from you or where is the facts and RNS dialogue that you ARE basing them on?
Minor Miner, which is why I began with THOUGHTS, NOT FACTS.
If I had stated facts, then you can call me what you like, so long as you can prove me wrong, but I definitely said thoughts and you haven't actually said what is wrong with them at all, all you have said is that I haven't included anything based on RNS's from the companies which is pretty obvious there is no RNS statements or cut and paste jobs in there.
So basically your saying that I am a clown because I voiced some thoughts, that are different to yours and because I haven't backed up my thoughts with RNS statements?
Yes, off topic but in reality just a few thoughts.
People here are saying XTR and CB will need dilution to get Eureka up and running, but I have a slightly different train of thought.
My thoughts are Jubilee will finance both XTR for starters and later on GLR using existing funds from both the chrome AND the PGM's with a contract that states we get, say 90% of the profit until the loan and interest is paid in full, with us maintaining something like a 25% royalty in the various projects moving forward.
I state these thoughts, as we have in the past exchanged money for shares in BMR, which gave us the entry to Kabwe itself, but that was for asurface tailings effort, not a mining proposition. LC has stated on many occasions that he doesn't want to go down the mining route, as the costs can become extreme, especially if strikes, disruptions and the ore mineralisation dies down quite a lot. LC likes to process waste/tailings and ROM spoil as he can plan for these knowing full well what he is getting.
In my eyes, he will do a deal to finance both Eureka and probably Star Zinc, as both will need concentrators and they will be a million or two depending on if they are new or secondhand and yes, GLR and XTR might do a deal if any of the miners in the area have additional capacity, but personally I think Jubilee will loan both companies the money and will claim interest and a royalty moving forward, this makes sense, as there is no guarantee that firstly there are other miners in the area and secondly whether they have additional capacity to process it. I might be wrong, but it makes sense to me. We get more material to process and get a cut of it and both GLR and XTR get mines is essence making both companies viable.
Also I wish people would stop complaining about the cists for the DCM Fine Chrome Circuit, it is an industry first and in essence takes absolute waste and gets even more out if it. Plus now it is up and running, it will pay for itself and hopefully, when we re-process ALL the DCM Chrome we will make even more, plus as LC has said we will put in our other circuits, and we will produce even more Chrome for sale and the costs will drop for them, as we have proven that the technology works. It wouldn't surprise me if we go hunting all the Chrome tailings dumps for all the big companies, because we can process it twice and really make the most out of them. Also with the Eland/Northam Platinum connection, it wouldn't surprise me if we say to them, we will process your ROM spoil and when we get back the costs from the technology, we go to a 60/40 or 70/30 split on profit from the Chrome sales, as we have proven that we can take waste/tailings and make a killing from it, why wouldn't they be interested in this tech?
Jesus Christ, these two are milking Jubilee for all they can. I mean what are the odds that we end up toll processing this for Xtract, especially after they have included this paragraph right at the top of their summary on their latest RNS.
The Eureka small-scale mining licence, comprising approximately 345 hectares, is accessed by a 100km dirt road from Kabwe, west of the Zambian Copperbelt district.
YEP, 100KM of dirt road from Kabwe, easily truckable.
If I was Leon, I would say to Colin, yep, we will toll process this for you, but we want a stake in your company for the right to toll process it, because Colin's other companies that are getting in around Kabwe can't afford the refinery, so grab them by the balls and get part of their companies too. We have enough to process at Kabwe for years, so let Colin find another company to toll process it for them whilst we get it all sorted out at Kabwe and if they fail, that is on Colin.
Yes, it is nice to receive money for toll processing the extra minerals, but I do feel like we are being used to get Colin's other companies sorted out, just because we are the biggest company and have access to finance, etc that the others just won't.
https://www.vox markets. co. uk/articles/q-a-with-wres-resources-chairman-michael-masterman-b9d3303
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I only fell out of love because I felt the company and Leon could have done better. I never fully sold out either, but I have added a few more than I had originally now, as I can see that the company has a plan that is actually going to work, although I still wish that we hadn't of sold the smelters, and were processing and smelting our own PGM's, but I digress.
Personally I do wish that CB would up and leave Jubilee, as I am not sure what he brings to the table previously, let along anymore, but there are those that love him, which is their perogative obviously, but I do feel that he will use Jubilee to line his own pockets with his other companies.