Member Info for Piscator1

I suspect that these warrants have been forward sold, hence the sp weakness. I shall endeavour to find out tomorrow.

Yes but everything should look different in ten days time according to David Burton:
https://twitter.com/DavidBurton1971/status/1443512528617844742

I'd be surprised if we don't get drilling results on Monday, so why are people bailing? Maybe they are all piling into LND today where a forced seller appears to have made his exit and it's still way below the last placing price. I've been adding there but still holding these tight.

I think the 150k at 9:17am was the last of the sellers stock. All those who got in on the last placing at 30p are still underwater and hence averaging down now imho

From the Advfn board just after the open this morning:
Around 500k seems to be left…
Let’s see how the price responds to some reasonable buying as this supply disappears

htTps://twitter.com/DavidBurton1971/status/1441136936979140614

"David Burton Medium starMedium star
@DavidBurton1971
Replying to
@Dobbo761

@Cenkosplc
and
@landore_plc
I understand the seller has around 500,000 #LND left to go around this level. Then that’s it…"
London small cap market is not a secretive place...

It should soon be starting to dawn on a wider audience that the seller has finished dumping so I am adding in anticipation that the sp should now start to build in the run up to the MRE and PEA. Anybody who is under water here would be mad not to average down at these prices imho.

Nice to see some money pouring back into this today and why not with KCB drilling results now imminent.

For any newbies it’s well worth having a gander at this note put out by Shard Capital in July for an indication of what’s to come here:
https://galileoresources.com/wp-content/uploads/Shard-Capital-Galileo-12-7-2021-R.pdf
I think CB was dropping a strong hint in yesterday’s interview that something was about to emerge in respect of Glenover, as well as the more obvious news to come from the KCB drilling and Star Zinc.

It's odd that there hasn't been a single trade since I added another small tranche at 13:38. The profit taking seems to be over now so why not? If drilling results emerge on Monday morning and are half decent this will be going gang busters again imho, and on that happy note I'm off fishing. Have a good weekend everyone, plenty more news to come regardless of the KCB drilling results.

Vox markets

https://www.%2A%2A%2A%2A%2A%2A%2A%2A%2A%2A.co.uk/articles/traders-cafe-with-zak-mir-colin-bird-executive-chairman-galileo-resources-8d309c8

Just put ********** where all the numbers and letters are. It's why it is rising going into the close.

Can be seen from 14 mins here:https://www.**********.co.uk/articles/-1f881fd

For those that don't have an account he is suggesting 1.6p over the next two weeks and 2.4 by the end of the year. Based on what CB said inthe interview with news due onthe KCB drilling very shortly and his obvious excitement about the other projects for fairly near to medium term news the 1.6 p now seems like a very soft target and this is very much a buy any dips stock imho.

Yes great news this morning but not unexpected for all of us who were accumulating around the lows. Plenty more news to come in pretty short order though imho.

Much tighter spread today. Suggests that the market makers are cottoning on to the fact that there may be a volume surge incoming imho.

That should certainly provide QFI with a bit of attention next week. Meanwhile there’s increasing pressure on the oil majors to improve their green credentials: https://finance.yahoo.com/news/chevron-polishes-climate-bona-fides-224622762.html
Now when will that old dinosaur Aramco wake up and smell the coffee?

The interests of the major holders are restated in the research note, so the decline has to be down to the forward selling of warrants imo. It’s easy money for the holders, but they can only sell once and maybe that PR campaign will only kick in properly once the holders are done. I would imagine that a warrant exercise RNS could be the catalyst we are looking for.

Out today and available with a free 1 month subscription to the Researchgate platform. Provides a current valuation of 64p and rather unsurprisingly a buy recommendation to its clients.

The biggest worry that TL and his team must have at the moment given the assets they are sitting on (and let’s not forget the value of the legacy assets for anyone with a bit of patience) is that with a market cap of only £7m the company must be highly vulnerable to a hostile takeover bid. It could even come from IAMG given that they could then put further expenditure on the Senegal assets on the back burner until they need it and focus on establishing a dominant position in Cameroon to keep their competitors at bay. Just a thought, but it would be easier for them to achieve these aims prior to ORR securing a stronger financial position.

Check out this link:https://6ix.com/event/unlocking-gold-assets-in-africa/?_hsenc=p2ANqtz-_rsr3JRYVT_BI7QF4wxqV2W_r7dbLmEHeLWIT00tkgH5m53z64JoF8cfPdGtWnVW5vC7aBXaDH3QJXD2jihF3gocRpnmcz0iTVuZOsfUQnPmg8TMU&_hsmi=154094389&utm_bmcr_source=6ix_email&utm_campaign=FYE2021+Q4+Campaign&utm_content=154094389&utm_medium=email&utm_source=hs_email and register for the event that Tim is speaking at on Thursday. The other companies taking part are listed on the TSX so there should be Canadian investors looking in who might take an interest in ORR. Questions can be submitted in advance once you have registered.

Apologies for double post. I thought the first had been rejected by censoring software.