Last 7.38 GBp
Change Today 0.00 / 0.00%
Volume 0.0
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As of 11:35 AM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

galileo resources plc (GLR) Snapshot

7.38 GBp
Previous Close
7.38 GBp
Day High
7.38 GBp
Day Low
7.38 GBp
52 Week High
08/29/13 - 15.25 GBp
52 Week Low
08/8/14 - 7.38 GBp
Market Cap
Average Volume 10 Days
-0.02 GBp
Shares Outstanding
Dividend Yield
Current Stock Chart for GALILEO RESOURCES PLC (GLR)

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galileo resources plc (GLR) 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 (GLR) Top Compensated Officers

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galileo resources plc (GLR) Key Developments

Galileo Resources Plc expected to report Fiscal Year 2014 results on August 21, 2014. This event was calculated by Capital IQ (Created on August 15, 2014).

Galileo Resources Plc expected to report Fiscal Year 2014 results on August 21, 2014. This event was calculated by Capital IQ (Created on August 15, 2014).

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.


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