Member Info for Padmaster

1p has arrived quicker than I thought. Not complaining though. Let’s hope we can close above it today.
GLA

Dummy £2million sell offered .95

Looking good to breach 1p today.

I think a more realistic increase within months would be five-fold at least eh eyesblue?

Share Prophets - Tom Winnifred today 19th May:

“Galileo shares have more than doubled since we tipped them on May 1. But should still almost double again and soon.”

https://www.*************.com/views/49047/galileo-shares-have-more-than-doubled-since-we-tipped-them-on-may-1-but-should-still-almost-double-again-and-soon

“ ....we say HANG ON as we see the shares hitting 1.6p to sell within months.“

Must be a misprint - I think they meant to say “within days“ - or perhaps we know better!
GLA

Great job TheRouge - thanks for the details

Franco deal completing will have a key effect also pfs and cornerstone deal , conditional finance agreements - were working on a number of large deals - 2 billion is coming together - all connected to question about share price rerate and milestones to influence

Hold those golden tickets folks - this company and the share price is going places and we have a superb management team to achieve this

No JV’s - keep the value ourselves

DFS end of June 21 anon

Bidding for cornerstone - it is coming NM

He has said that in the recent past AK

NM “I hope your all aboard for the very exciting ride”

NM referred to current market cap versus true value of Alpala

Yes anon you heard it right. WOW 2billiion financing packages sourced of the 2.7billion Alpala development costs

A rising tide floats all boats.

Apart from the good ship TopCatz which is riddled full of holes.

Yes Phoenix, I’m pretty sure the vendors anticipate a massive return on their transaction - 10 bagger not unrealistic.

“The vendors of the Botswana copper projects were quite happy to take the bulk of their payment in Galileo shares, and have already done well out of that decision.

It is a precedent that bodes well for the future, and marks Galileo out as a company to watch as we begin to emerge into a post-lockdown world.”

Very positive endorsement of Galileo by Thisismoney.

https://www.thisismoney.co.uk/money/investing/article-8331099/SMALL-CAP-SHARE-IDEAS-Galileo-Resources.html

“.....all the ground that was lost during the worst of the coronavirus market crash has been made up, and the shares have risen by an additional 100 per cent for good measure.
But there should be more to come. Following completion of the earn-in requirements on the Zambian projects, Galileo now owns 95 per cent of Star Zinc and all of Ka****u.
With the ownership structure of the project now finalised, the company is ready to start getting down to some real work, subject only to the granting of a small-scale mining licence by the Zambian government.”

Still here cookie - anchors away!

I read somewhere a year or so ago that only 1 big discovery is made for every thousand minnow exploration companies. A third or so go out of business within a short period of listing.

It’s very easy to question how we are going to fund massive discoveries and go to production.

But it’s even easier to overlook and not appreciate the position we are in which is down to NM, Jason Ward, Benn Whistler, Steve Garwin and many others. We are very fortunate to have a rare, valuable tier 1 asset with the funding support to take Alpala to production, never minding the 12 other realistic tier 1 opportunities having had first mover advantage with the cherry picked 72 tenements.

https://thedeepdive.ca/max-resource-enters-into-collaboration-agreement-with-one-of-the-worlds-leading-copper-producers/

As for mergers and acquisitions, there were slim pickings in 2019 and this year isn’t expected to log many transactions, either. Last year saw 20 deals valued at US$3.89 billion compared to 28 in 2018 worth $11.56 billion. Among the headline-makers were Zijin Mining’s $1.5B takeover of Nevsun Resources and its Timok mine in Serbia; China Molybdenum’s acquisition of the remaining 24% stake at the Tenke Fungurume copper mine in the DRC; and Jianxi Copper increasing its interest in First Quantum Minerals to 10.8%.

Most interesting from Max Resource’s point of view, in December 2019 BHP, the world’s largest mining company, became the largest shareholder (14.7%) of Sol Gold’s Cascabel project in the Ecuadorian portion of the Andean Copper Belt. The deal followed Newcrest Mining’s purchase of a 1.5% interest in Sol Gold a year earlier, putting its ownership interest at 14.6%. Recently the company secured a $150 million financing from streaming company Franco-Nevada.

RFC Ambrian states, It appears that there is a lot of interest in SolGold and a competitive bid could occur if the Cascabel project achieves expectations. We believe there is a High possibility of a third party (including the minority shareholders) looking to acquire the project outright or taking a significant interest in the medium term.

According to RFC Ambrian, there are currently 64 exploration projects with resources greater than 2.5 million tonnes of contained copper. Of those, only 19 have the potential for third-party involvement (ie., a major taking a full or partial ownership stake, or providing financing). And within that group, just five projects have a ‘High’ possibility of third-party involvement: Cascabel (Sol Gold), Los Helados, Viscachitas, Casino, and Santo Tomás.