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Galileo Resources

Current Price 0.50p Bid 0.50p Ask 0.52p Change 0.00%
Last Updated: 15/11/2019 17:53. Prices delayed by at least 15 minutes.
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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.

Financial Highlights Year Ended 31/03/2019

Turnover
£0.00m
Operating Profit
£-0.40m
Dividend Yield
0.00
Dividend Per Share
0.00
Dividend Cover
0.00
P/E Ratio
-3.64

Key Personnel

Colin Bird
Executive Chairman
Andrew Francis Sarosi
Finance Director
John Richard Wollenberg
Non-Executive Director
Christopher Molefe
Non-Executive Director

Stock Details

EPIC
GLR
ISIN
GB00B115T142
Shares in Issue
557,811,947
Market cap
£2.85m

Analyst Views (0)

Strong Buy
 
0.00%
Buy
 
0.00%
Hold
 
0.00%
Sell
 
0.00%
Strong Sell
 
0.00%
The above information represents a selection of the views published in the last 120 days by analysts. It is subject to change without notice and doesn't reflect view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
0.51p
Bid Price
0.50p
Ask Price
0.52p
Volume
200000
Change Today
0.00p
% Change Today
0.00%
Open
0.50p
Previous Close
0.51p
Intraday High
0.50p
Intraday Low
0.50p
52 Week High
1.02p
52 Week Low
0.41p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Galileo Resources Intra-day Chart

Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Mar 2019
31 Mar 2018
Tangible Assets
0.0
0.0
Intangible Assets & Goodwill
2.9
1.4
Investments & Other Non-Current Assets
3.0
4.0
Total Non-Current Assets
5.9
5.4
Inventory
0.0
0.0
Trade & Receivables
0.0
0.0
Cash & Receivables
0.0
0.5
Other Current Assets & Assets Held for Resale
0.0
0.0
Total Assets
5.9
6.0

Liabilities (£m)

Data has been provided by AJ Bell

Reporting Date
31 Mar 2019
31 Mar 2018
Short Term Liabilities
0.6
0.5
Long Term Liabilities
0.0
0.0
Other Liabilities / Pension etc
0.0
0.0
Total Liabilities
0.6
0.5

Net Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Mar 2019
31 Mar 2018
Net Assets
5.3
5.5

Equity (£m)

Data has been provided by AJ Bell

Reporting Date
31 Mar 2019
31 Mar 2018
Share Capital
25.4
25.0
Minority Interests
0.0
0.0
Retained Earnings
-20.6
-20.2
Share Premium Account
0.0
0.0
Other Equity
0.5
0.7
Total Equity
5.3
5.5

Cashflow (£m)

Data has been provided by AJ Bell

Reporting Date
31 Mar 2019
31 Mar 2018
Cashflow from Operating Activities
-0.3
-0.6
Cashflow Before Financing
-1.0
-1.6
Increase / Decrease in Cash
-0.5
-0.6

Income (£m)

Data has been provided by AJ Bell

Reporting Date
31 Mar 2019
31 Mar 2018
Turnover
0.0
0.0
Cost of Sales
0.0
0.0
Gross Profit
0.0
0.0
Operating Profit
-0.4
-0.6
Pre-Tax Profit
-0.4
-1.0
Profit / Loss for the Year
-0.4
-1.0
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
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