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Galileo Resources

16:55 on 20/11/2017

Current Price 1.40p | Bid 1.40p | Ask 1.50p | Change 0.00%

Company Overview

Galileo Resources Plc (formerly General Industries - PLUS quoted) is a well balanced diverse near production and exploration Resource Company. The company has an exceptional management team with proven technical and commercial background. The flagship property is the Glenover Phosphate concession which was a successful phosphate producer for many years. Phosphate however is now subordinated to Rare Earths (REE). It is known that REE are contained in the project area and that the grades if of sufficient size in continuity may well lead to a medium sized operation for the production of REE oxides. One of the key benefits of the medium sized operation is the fact that the REE are contained in stock piles from the previous phosphate operations. Being in stock piles negates the cost of extraction and the risks attached thereto. The concession is of considerable size and host mineralisation types suitable for potential REE presence. The aim is to investigate the mineralisation types for REE presence and content with the view to building a large resource of REE. The company has a number of Iron Ore and Manganese exploration projects in the Cape all of which are in proximity to either operations or discoveries. Galileo Resources Plc has also rights to joint venture in an aggregate producing quarry close to Umtata, North Eastern Cape. The quarry is well positioned to supply construction aggregate for the significant infrastructure programme being undertaken by local government.

Stock Details

EPIC GLR
ISIN GB00B115T142
Shares in Issue 194,252,721
Market cap £ 2.39m
Sector Mining
Indices FTSE AIM All-Share Index

Financial Highlights Year Ended 31/03/2016

Turnover £0.00 million
Operating Profit £-0.44 million
Dividend Yield 0.00
Dividend Per Share 0.00
Dividend Cover 0.00
P/E Ratio -4.10
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Key Personnel

Anthony (Tony) Shakesby Finance Director

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Price Summary

Mid Price ? 1.45p
Bid Price ? 1.40p
Ask Price ? 1.50p
Volume ? 345000
Change Today 0.00p
% Change Today 0.00%
Open 1.45p
Previous Close 1.45p
Intraday High 1.45p
Intraday Low 1.40p
52 Week High 1.90p
52 Week Low 0.88p

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Broker Consensus

The above information represents a selection of the views and target prices published in the last 120 days by analysts in individual stocks. It is subject to change without notice and may not necessarily be the view held by Redmayne-Bentley.

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