Last €0.09 EUR
Change Today 0.00 / 0.00%
Volume 0.0
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As of 2:10 AM 07/28/14 All times are local (Market data is delayed by at least 15 minutes).

galileo resources plc (2GA) Snapshot

Open
€0.09
Previous Close
€0.09
Day High
€0.09
Day Low
€0.09
52 Week High
09/16/13 - €0.16
52 Week Low
04/3/14 - €0.08
Market Cap
10.4M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
114.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GALILEO RESOURCES PLC (2GA)

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galileo resources plc (2GA) Details

Galileo Resources Plc, through its subsidiaries, exploits, explores, and develops natural resources in South Africa. It primarily develops rare earth elements, aggregates, and iron ore and manganese projects. The company’s flagship property includes Glenover Phosphate concession with the prospecting right that covers a surface area of 15,802 hectares, which is located in the Limpopo Province of South Africa. Galileo Resources Plc is based in London, the United Kingdom.

galileo resources plc (2GA) Top Compensated Officers

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Executives, Board Directors

galileo resources plc (2GA) Key Developments

Glenover Phosphate/Rare Earth Project Moves Closer to Development

Galileo announced the results of the intense 2013 test programme, which the company believes has added significant value to both its investment in Glenover Phosphate (Pty) Ltd. and the Glenover Phosphate Rare Earth project. Glenover advanced critical metallurgical test work to pre-feasibility study (PFS) status. Reports from the recently completed major process study in China suggest that a nitric acid process could produce more highly saleable products, than those from the sulphuric acid process, which include mixed rare earth oxides, nitro-phosphate and calcium nitrate fertilisers. Internal project finance studies suggest that Glenover could be viable from these fertiliser products alone thus making the cost of rare earth oxide production potentially much lower than previously anticipated. The reports indicate that niobium can also be recovered, which provides Glenover with the potential to an additional increased high value by-product. Process optimisation work in Germany is moving towards improving project fundamentals by increasing recoveries and streamlining the flow sheet. Marketing and logistic work is advancing towards achieving a world class phosphate rare earth project located on the Natal coast of South Africa.

Galileo Resources Plc Reports Unaudited Consolidated Earnings Results for the Six Months Ended September 30, 2013

Galileo Resources Plc reported unaudited consolidated earnings results for the six months ended September 30, 2013. For the period, the company’s operating loss was £655,731 against £619,914 a year ago. Loss for the period was £1,348,604 against £584,409 a year ago. Total comprehensive loss attributable to owners of the parent was £2,665,894 or 1.5 pence basic and diluted per share against £558,369 or 0.8 pence basic and diluted per share a year ago. Headline loss was 0.7 pence per share against 0.8 pence per share a year ago. Net cash flow from operating activities was £468,576 against £381,181 a year ago. Purchase of property, plant and equipment was £609.

Galileo Resources Plc Announces Audited Group and Company Earnings Results for the Year Ended March 31, 2013

Galileo Resources Plc announced audited group and company earnings results for the year ended March 31, 2013. For the year, on group basis, the company reported operating loss of GBP 1,071,164 against GBP 1,816,870 a year ago. Total loss attributable to owners of the parent was GBP 1,839,828 against GBP 1,835,935 a year ago. Basic and diluted loss per share was GBP 2.2 against GBP 3.90 a year ago. Headline loss per share was GBP 1.6 against GBP 3.90 a year ago. Net cash used in operating activities was GBP 1,114,785 against GBP 624,428 a year ago. For the year, the company reported operating loss of GBP 539,231 against GBP 1,713,040 a year ago. Loss for the year was GBP 1,009,513 against GBP 1,702,765 a year ago. Basic and diluted loss per share was GBP 2.2 against GBP 3.90 a year ago. Headline loss per share was GBP 1.6 against GBP 3.90 a year ago. Net cash used in operating activities was GBP 550,800 against GBP 536,077 a year ago.

 

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