Market's view on Galileo Resources
Published on April 2024
- Stock watchers suggest an emphasis on copper investment, noting BHP’s 39 billion dollar focus on copper due to the stagnation in new copper finds and production.
- Observations made on mergers and acquisitions in the copper industry, with a specific mention of Galileo’s near-term production potential in Zambia.
- Concerns raised about possible delays in upcoming payments by Afrimat, with speculation about director buys attempting to prop up share prices.
- Commentary on the unexpected 6% drop in share price despite pending news, raising suspicions of less popular forthcoming actions.
- After hours director purchases reported, hinting at potential insider confidence.
- Discussions on recent licence news and potential impacts, alongside a significant 20% stock uplift post-news.
- Speculation about unfair advantages in trading, with suggestions that some traders might have advance access to regulatory news submissions.
- Price predictions for the year range between 8p and 15p, influenced heavily by market sentiment towards company leadership and strategic decisions.