Member Info for Prospector99

Where's our Heads/Definitive Supply Agreement ?? (see below)

I can't understand why, when CB announces a critical date (June 30), he allows that date to pass with no announcement whatsoever.

It's appalling PR, dreadful for the share price, and denotes incompetence by the BoD. What's more, any email request for information is ignored.

What is he playing at regarding Glenover?

Is his silence simply a signal that he's come up with yet another dud?

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MPP expect to complete over the next two months a remaining Condition Precedent, namely the production of a 30-tonne bulk sample of phosphate rock for further testing in its fertiliser process.
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The above Conditon Precedent is expected to be carried out by MPP over the next two months. Therefore the time-lines above for concluding the Heads/Definitive Supply Agreement has been agreed to extend to 30 June 2018 in order to facilitate fulfilling this Condition Precedent.

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From May 1 press release:

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The above Conditon Precedent is expected to be carried out by MPP over the next two months. Therefore the time-lines above for concluding the Heads/Definitive Supply Agreement has been agreed to extend to 30 June 2018 in order to facilitate fulfilling this Condition Precedent.
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Surely there should be some sort of announcement, given that we're well past that date?

The last time deadlines were missed in deathly silence was the Concordia debacle.

On GLR, is no news is generally bad news?

Another interview today with CB. Bullish as always ... https://www.youtube.com/watch?time_continue=61&amp;v=-WTnFT8vUl4

... But more than that, Bird is optimistic that the geological implications of the recent drill are favourable. �The drill programme has shown we could get stacks more. It goes up to around 50% zinc. And there�s lots of 28%.� For zinc projects these are rich grades indeed, and with the zinc price riding along at multi-year highs, it all adds up to an enticing prospect. If, reckons Bird, the company could prove up 60,000 tonnes of contained zinc, then it would justify the setting up of a small-scale operation. But if, he adds, the drilling could boost the resource exponentially, say, to five million tonnes, then Star would become the type of project that a company could sell on. So plenty to play for at this stage. The initial assay results are due back in mid-March, even as drilling continues. �My initial target is to put an envelope around the resource,� says Bird. �But having said that we�re still trying to find the source. Inevitably there�ll be a big feeder. And there are those who say it�s a bit like Tsumeb.� For those not in the know, Tsumeb is one of southern Africa�s foremost base metals projects, enough of an undertaking to put a smelter on site there in Namibia, and a benchmark for many a project in the region.

http://www.proactiveinvestors.co.uk/companies/news/191915/grades-at-galileos-star-zinc-project-indicate-upside-could-be-greater-than-previously-thought-191915.html

Thanks MM, that's helpful information. At the AGM, CB obviously couldn't say with whom he was in negotiation, but he did imply if not actually state that it was *the* biggest (and very 'conservative') phosphate player. He also seemed to be saying this was the only player that would be worth talking to. Of course, this assumes that he really means "South African phosphate major phosphate producer" rather than, say, "major phosphate producer that happens to operates in South Africa".

http://www.proactiveinvestors.co.uk/companies/news/188499/galileo-resources-steps-up-activity-on-zinc-and-phosphate-interests-188499.html