Member Info for Moneyman64

In normal circumstances this news would have lead to a healthy jump in the shareprice -great shame that the Iran situation is dragging the shareprice down .

As I write PGMS are slightly up on the day and the chrome price is in the region of a multi year high.

Hopefully things will calm down in the Middle East in the not too distant future and sanity to the stock market will return.

Trump will hopefully get bored with bombing Iran soon and will move on to his next “crusade”

Think questions for investor presentation should be along the lines of-“How can the directors justify selling 87.5% of a world class iron ore project with a net book value exceeding $10 billion for $150 million plus a small off take which can be halved to a new entity with no track record”?Why can’t the project be put out to tender to see if a better deal can be obtained?

What safeguards are in place to ensure RAM do not sell on their 87.5% interest in the project for a huge profit as construction is complete ?

This board is one of the worst on the LSE.

It seems to be populate by a few very sad individuals who seem to have nothing better to do than to boast everytime the share moves up or down -no doubt sitting in their DHS funded one bedroomed bedsits typing away 24/7!

Seriously get a life peoples and stop slagging each other off -suggest you all shut up for a few months and see where the shareprice is then

Thanks Mike.

Interestingly the chrome price continue to creep up which bodes well.

Seems a very tight market-had to split my purchases (rebuying some of the shares I sold on Monday ) into small parcels and orders are taking a long time to be actioned-in the past have always been auctioned immediately -also going through at slightly above offer price which suggests market for Tharisa share is tight .

Look forward to finalizing of Karo finance

Chrisp-I think investors here like the company (otherwise why invest)- they just don’t like the way it is being run and the lack of respect for shareholders and never addressing their genuine concerns

100% agree RodneyT -

Wondered what happened to Mxd’s 2p prediction ha ha?

If a CEO gains a reputation of continually stringing interested parties along always to pull out of deal interested parties will go elsewhere and the prospects of the deal will become less and less.

PGMs falling of a cliff today-suprised the shareprice has held up so well.

Have sold a couple of hundred thousand shares (as ex div) here over the last couple of days to buy back lower at some stage .

The big question will be when-can’t see this rising until things settle down in the Middle East.

Thanks IKY -it’s a great shame that Bird apparantly appears only considers his own interests no doubt with an over inflated ego.

So no doubt back to months/years with the shareprice stuck below a 1p with the likes of Chrisp telling us we should not moan about the pathetic shareprice!

Chrisp -do you really believe a few posts here materially effects the shareprice.? If you do your naivety is limitless

More likely the lack of delivery of any shareholder returns,missed deadlines and the ever growing likely hood of Bird getting out “the confetti discounted placing gun” to finance the drilling of more “oles” that to date have totally failed to provide any returns for shareholders of very longstanding.

Compared to other shares in this “right time right place metals place” the shareprice that can’t even get anyway near 1p is pathetic and reflects the “random shotgun” approach of Bird that has delivered nothing in terms of shareholders value or returns over several years

Chrisp-when are going to grow up -name calling and chucking insults at any one who does not see things 100% the way you do.?

Everyone here agrees that the company has a very good portfolio of assets.

People are simply questioning the apparant lack of ability of the leadership of the company to bring any of the assets to an income generating position or sales position despite having more than one production licenses.

Trying to close down debate and acting like a two year old sticking your fingers in your ears everytime you see something that is not 100% positive on the company and it’s very much part time leadership is to say the least very immature.

Any investor here who rightly questions why the shareprice is stuck in a doom loop below 1p is not a moaner but acting sensibly.You for some reason happy for this to continue forever

Agree BSmonitor -disposing of one asset at slightly less than at an “optimal price “ (whatever that might be) is much better than further dilution that reduces current shareholders interests in all assets and any dividends (which at this rate will be 2064!)

It is not deramping to point out the dire share performance over the last few years especially bearing in mind the bull market in the assets held by the company.

Chrisp I bought some of my shares at .4p and irrespective of this I am shocked by the share performance .

You can continue to just “dig oles” but without deriving revenue from them more dilution will happen

More “bloody oles”

When if ever will we get proper news that will give shareholders some actual real returns Now and not sometime in the very distant future.

What is happening to the production licences we have?

Another month -no news (except from JLP) ,no deals,radio silence from Bird who appears too busy elsewhere to put in any time here at all.

WHAT is happening at Luansobe or any other of the company’s projects ..?

Hi Mike1959.

If you read page 21 of the presentation dated the 5th February it appears that it the tax rate for the project is still at 15% and it also states “maintain US$ currency in Country” and “Retain 100% of all proceeds in USD”

Do these provisions still apply or have they been changed in the last couple of weeks?

With the ever changing policies by the Zimbabwe Government and having been severely bitten by the previous chrome investment in Zimbabwe it makes you wonder why Tharisa committed to such a large investment in Zimbabwe without concrete assurances

I wonder what assurances were given to Tharisa by the Zimbabwe Government when the Karo project was first committed too and which (if any) of these assurances have now not being honored.

The one way for any Government to drive away any foreign investment is to keep moving the goal posts once the investment has been committed to.

Thanks Mike1959

You can always rely on Galileo shareprice to fall when everything suggests the opposite to happen.

Why ?

The Republic of Zimbabwe own 15% of the Karo project via Generation Minerals so in their interests to get project into production ASAP-The outstanding finance has two elements

-Lender syndicate $208 million described as “advanced”

-Strategic investment -$121 million described as “progessing “

Would have thought both would have been finalized before any announcement.

Hopefully news soon -production 18 months from finance finalization.

In the meantime as Mike1959 has pointed out only one month to end of half year which should yield bumper results.-high PGM and chrome prices in tandem

Hope this will be reflected in an increased dividend -might get to the 2.5 cents to 3 cents range -fingers crossed