Mark Creasy has upped his stake in Galileo Mining after its big Callisto palladium discovery last week. SAVE THIS ARTICLE Sign up here, US STOCKS-S&P, Dow edge higher as JPMorgan gains; Fed meet in focus, Explainer-With Bluesky, Jack Dorsey has another go at Twitter-like service, Citi's Fraser warns U.S. debt ceiling debate has serious consequences, Apollo CEO on JPMorgan's First Republic deal: 'The strong get stronger', COLUMN-Funds go record short 5-year Treasuries, eye steeper US curve: McGeever. When multiple institutional investors want to buy shares, we often see a rising share price. Strictly necessary cookies relate to our hosting environment, and functional cookies are used to facilitate social logins, social sharing and rich-media content embeds. It also reflects the success Legend had has with its systematic approach to exploration which has resulted in a string of impressive results, including recently from the Mawson discovery. This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. The Galileo Mining Ltd(ASX: GAL) share price is soaring today on the back of a major discovery. We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library. TO MAKE THE WORLD This setting is controlled by cookies and should your cookies be re-set you will then be directed to the regional edition associated with the geographic location of our IP address. Return vs Market: GAL exceeded the Australian Market which returned -5.5% over the past year. In addition, we found that Richard Underwood, the CEO has 4.4% of the shares allocated to their name. Companies Like Galileo Mining (ASX:GAL) Are In A Position To ARTICLE ENQUIRY, To subscribe email subscriptions@creamermedia.co.za or click here Funds will be used to expand drilling at the new discovery, testing the five-kilometre prospective strike length, as well as drilling at the Mission Sill and Jimberlana prospects. Galileo Mining Ltd announced that it has received AUD 20.4 million in funding from IGO Limited Jul 07 Galileo Mining Ltd Announces Geological Results from the This discovery is being mined by successful nickel-copper-gold-zinc-silver producer IGO Group which also has interests in other companies active in the region. IGO has reported EBITDA of $533 million and net profit after tax of $412 million for the March quarter. Copyright Proactive Group Holdings Inc, 2023. has decreased from 36% to 12% over the past year, but is still higher than 75% of Australian stocks. We are delighted with the strong market support for our placement which puts us in an excellent position to expand the drilling programs at our recent Callisto palladium-nickel discovery, said MD Brad Underwood. Galileo Mining Ltd is an Australia-based mining and exploration company. WebThe current holdings of RMI directors. The third reverse circulation drill program is scheduled to begin at the end of July with diamond drilling planned to commence in August. It could be that they have de-merged. In the past month, the companys shares have rocketed 120% and are 106% higher in the past week alone. For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) has fallen 7% in a year. WebBrad Underwood, Managing Director of Galileo Mining (ASX: GAL) will provide shareholders with an overview of the recent announced assay results from recent d Brad Underwood, WebInsiders were net buyers of Galileo Mining Ltd's ( ASX:GAL ) stock during the past year. According to a change of substantial holding notice, Mark Creasy has increased his stake by 3 million shares to 44,371,895 shares. WebGalileo Mining Ltd is an Australia-based mining and exploration company. It holds a 100% interest in the Norseman project that covers an area of 306 square kilometers located to the town of Norseman; and 67% interest Fraser Range Project covering an area of 602 square kilometers situated in the Albany-Fraser Orogen. Galileo Mining Ltd (ASX:GAL) s Brad Underwood speaks with Proactive s Elisha Newell about the $20.4 million the company has just raised to accelerate its exploration programs across its assets as it looks to aggressively explore the significant new palladium province within its Norseman Project area. The Motley Fool Australia has no position in any of the stocks mentioned. Galileo Mining Ltd's (ASX:GAL) top owners are individual investors She also hold a B.Science (Biotechnology) with Honours from the University of Adelaide.Monica has worked in government at the local, state and federal level. Under the placement, Galileo will issue 17 million shares for $1.20 each. Email: [emailprotected] The Company holds interest in the FSZ Resources Pty Ltd, NSZ Resources Pty Ltd, and the mining tenements that comprise the Norseman project. Legendary explorer Mark Creasy is Galileo Minings biggest shareholder with nearly 25 per cent of the company. Ltd. is currently the company's largest shareholder with 21% of shares outstanding. See our latest analysis for Galileo Mining. That is, insiders Galileo Mining (GAL) has received firm commitments to raise $20.4 million for the Callisto palladium-nickel discovery within the Norseman project in WA. Legend Mining continues evolution of the Mawson story with more massive sulphides intersected. Shares in the base metals explorer are skyrocketing today. The Galileo Mining Ltd ( ASX: GAL) share price is soaring today on the back of a major discovery. Legends successes at Rockford, and in particular Mawson, have attracted strong attention around Australia, including from its high-profile partners who continue to support the companys endeavours. Monica O'Shea. Legend Mining Ltd (ASX:LEG) managing director Mark Wilson brings Proactive up to speed on a mission to test the Octagonal prospects most exciting diamond drill targets. GALILEO MINING LTD : Forcasts, revenue, earnings, analysts expectations, ratios for GALILEO MINING LTD Stock | GAL | AU0000007510 Your password will be sent to this address. Performance Cookies collect anonymous information designed to help us improve the site and respond to the needs of our audiences. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. Sign Up for Take Stock IGO and mining billionaire Mark Creasy are expected to cornerstone WA cobalt and nickel explorer Galileo Minings share placement. Substantial Shareholders A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. We take a look at how you could receive passive income from two iron ore miners. By: Esmarie Iannucci Under the placement, Galileo will issue 17 million shares for $1.20 Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. Our most recent data indicates that insiders own some shares in Galileo Mining Ltd. The Company is engaged in the development and exploration of cobalt, nickel laterite and To get a sense of who is truly in control of Galileo Mining Ltd (ASX:GAL), it is important to understand the ownership structure of the business. Commenting on the news, managing director Brad Underwood said: While we are at an early stage in the discovery process, the thick and consistent zone of mineralisation, and the extensive prospective strike length, suggests the potential for a large mineralised system. This website uses cookies so that we can provide you with the best user experience possible. Already Galileos top shareholder after folding projects owned by his private Creasy Group at Norseman and the Fraser Range into the 2018 float, Creasy sent its shares soaring even further to a record 86c after buying 3 million on market in the wake of the Callisto discovery. Goldman Sachs says these are the lithium shares to buy due to a 'game changing' technology. This holding is probably worth investigating further. Brooke Cooper, April 30, 2023 | Legend Mining welcomes maiden nickel, copper and cobalt resource Legend Mining hits Octagonal running with seismic data acquisition. Less than 5% of Galileo Mining is held by institutional investors. You can do it. Galileo Mining Get Started Investing Private companies may be related parties. These audience insights are used to make our website more relevant. GALILEO MINING Galileo Mining Note: When you clear your default region you will be directed to the MiningWeekly.com home page regional edition associated with the geographic location of our IP address. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research. Select your default regional edition of MiningWeekly.com. Any information that you receive via FT.com is at best delayed intraday data and not "real time". Learn More. Legend and its respected two high-profile partners Rockford partners hold considerable expertise on Fraser Range district mineralisation styles. Subscriptions are available via the Creamer Media Store. Authorised by Scott Phillips. The company explores for cobalt, nickel, lithium, and copper, as well as nickel sulphides. April 29, 2023 | Australian Gold Resources Pty. Hear our experts take on shares, the market & how to invest. Galileo Mining Investor Webinar - YouTube Two nickel-copper sulphide target areas are on the radar for this initial campaign, representing the most compelling Only registered members can use this feature. Galileo Mining The Top 20 Shareholders of GAL hold 0% of shares on issue. As reported in the most recent Annual Report. A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list. Data delayed at least 20 minutes, as of May 01 2023 07:10 BST. Terms of use. Share price information may be rounded up/down and therefore not entirely accurate. Galileo Mining Ltd engages in the exploration of mineral deposits in Western Australia. The energy sector lifted the market to a green finish today, with all four of the, Perenti (ASX:PRN) has secured a new five-year contract with mining giant and NYSE-listed Newmont at the, Almonty (ASX:AII) has continued construction works at its Sangdong tungsten mine in South Korea, with the, Peak Rare Earths (ASX:PEK) has tapped investors for $27.5 million to develop its Ngualla rare earth, Be the first with the news that moves the market, Arcadia Minerals (ASX:AM7) strikes sulphide copper and gold at Gamikaub, Namibia, Australian Strategic Materials (ASX:ASM) strikes feedstock supply deal with Vietnam Rare Earth Company, Santos (ASX:STO) faces fresh delay over sale of 5pc stake in PNG LNG project, Triton Minerals (ASX:TON) pockets $5m Shandong Yulong investment for Ancuabe graphite project, Everest Metals (ASX:EMC) finds fresh pegmatite targets through geophysical survey at Mt Edon, WA, Halo Food Co (ASX:HLF) secures multi-million dollar deal with Fonterra, ROOTS SUSTAINABLE AGRICULTURAL TECHNOLOGIES LTD, Galileo Mining (GAL) raises $20.4 million for the Callisto palladium-nickel discovery within the Norseman project in WA, The placement closed oversubscribed with cornerstone investments by major shareholders Mark Creasy and IGO, Galileo Mining is using the funds to expand drilling at the new discovery and for drilling at the Mission Sill and Jimberlana prospects, The placement will increase Galileos total cash balance to around $26.5 million, Galileo is up 1.13 per cent and trading at $1.31 per share at 11:22 am AEST. Mr Creasy continues to be the largest shareholder, controlling approximately 27.5 percent of the WebGalileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. However, high insider ownership can also give immense power to a small group within the company. Australian Gold Resources Pty. Public companies currently own 17% of Galileo Mining stock. Managing Director Brad Underwood is delighted with the placement and is looking forward to explore the Callisto discovery. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Analysts have been running the rule over this lithium giant's latest update. If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, backed by strong financial data. Galileo Mining (GAL) has received firm commitments to raise $20.4 million for the Callisto palladium-nickel discovery within the Norseman project in WA. Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 104, Isle of Capri, Qld 4217. Email advertising@creamermedia.co.za, Barloworld Equipment~Booyco Electronics~Immersive Technologies~Integrated Pump Rental~Integrated Pump Technology~Multotec~Sandvik~SSG Consulting ~Trafo Power Solutions~Weir Minerals Africa, barloworld-equipment-2021-07-20~booyco-electronics-2021-06-07~immersive-technologies-2019-04-01~integrated-pump-rental-2019-12-09~integrated-pump-technology-2019-12-12~multotec-2021-02-03~sandvik-2022-08-29~ssg-consulting-project-management-2014-05-19~trafo-power-solutions-2022-12-13~weir-minerals-africa-2020-11-23, Creamer Media Senior Deputy Editor: Australasia, Sign up for our FREE daily email newsletter. Stock summary - Australian Stock Market - Small Caps We note that hedge funds don't have a meaningful investment in Galileo Mining. Overview PERTH (miningweekly.com) Junior Galileo Mining will raise A$20.4-million in a share placement to sophisticated and institutional investors to fund exploration work at its Callisto palladium/nickel discovery, in Western Australia. In the chart below, we zoom in on the different ownership groups of Galileo Mining. Galileo Mining (ASX: GAL) latest news, share price, company information, stock chart and announcements on Australia's #1 site for investors, Small Caps. Galileo noted it also has multiple targets at the companys Jimberlana and Mission Sill prospects, providing the opportunity for more discoveries. The above has been published by Proactive Investors Limited (the "Company") on its website and is made available subject to the terms and conditions of use of its website (see Sign up to receive alerts and news direct to your inbox. PERTH (miningweekly.com) Junior Galileo Mining will raise A$20.4-million in a share placement to sophisticated and institutional investors to fund exploration work at Galileo Mining Ownership - Simply Wall St With over 5 km of strike length at the Callisto discovery, and highly prospective targets at the Jimberlana and Mission Sill prospects, the potential for additional mineralisation is very high, said Underwood. Galileo Mining discovered significant palladium, platinum, copper, gold, and nickel mineralisation at the Norseman project in Western Australia. 13 Colin Street West Perth WA 6000 . We use this information to make our site faster, more relevant and improve the navigation for all users. Some would say this shows alignment of interests between shareholders and the board, though we generally prefer to see bigger insider holdings. But it might be worth checking if those insiders have been selling. We respectfully acknowledge the Traditional Custodians of the land where we live and work and pay our respects to all Elders, past and present, of all Aboriginal and Torres Strait Islander nations. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by FT and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions. To advertise email advertising@creamermedia.co.za or click here, Mining Weekly is a product of Creamer Media.www.creamermedia.co.za, Other Creamer Media Products include:Engineering NewsResearch Channel AfricaPolity, Sign up for our FREE daily email newsletter Why did the NAB share price smash the ASX 200 in April? Registered Office. Resource Mining Corporation Ltd Join A Paid User Research SessionYoull receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. We look forward to updating the market as work progresses on this exciting new West Australian discovery. Monica completed a cadetship in 2013. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Creasy is well known for his gold finds and lucrative company exits, making the Guinness World Records in 1994 for pocketing $130 million in a gold deposits exit, the largest ever payout received by a prospector. The top 20 shareholders on listing held 57% of the stock. WebInsider Buying: GAL insiders have bought more shares than they have sold in the past 3 months. Strong support for the placement validates the company's strategy of striving to replicate the success of Creasy Group and IGO in the prolific Fraser Range. You must be a registered user to save alerts. GALILEO MINING LTD : Shareholders Board Members But to understand Galileo Mining better, we need to consider many other factors. Well supported successful mining investor Mark Creasy and major mining company IGO are the largest shareholders Full Company Profile Request Mining Companies Videos Currently Playing The Assay TV Brad Underwood, Chairman & Managing Director, Galileo Mining (ASX:GAL) 23/5/2022 We can see that individual investors own the lion's share in the company with 44% ownership. Should your cookies be reset then you may again use the drop-down menu to select a default region. The company on Wednesday said that it has already received firm commitments for the placement. When not writing for Motley Fool Australia, Monica enjoys travel, sport, music, and likes to play the violin in her spare time. Top 20 Shareholders To make the world Smarter, Happier, And Richer. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Galileo Mining Ltd (ASX:GAL)s Brad Underwood speaks with Proactives Elisha Newell about the $20.4 million the company has just raised to accelerate its exploration programs across its assets as it looks to aggressively explore the significant new palladium province within its Norseman Project area.The Placement received heavy backing - about Galileo Mining Ltd Follow Mineral exploration. The placement closed oversubscribed with cornerstone investments of $8.7 million by major shareholders Mark Creasy and IGO. The placement closed oversubscribed with cornerstone investments of $8.7 million by major shareholders Mark Creasy and IGO. The morning catch up: Markets finish April on a high ahead of rate Legend Mining eclipses nominal 2021 budget by completing 11,000 Legend Mining welcomes major shareholder support in Legend Mining lauds decade in the making drill program at Octagonal. GALILEO MINING 2010 - 2023 The Motley Fool Australia Pty Ltd. All rights reserved. Shareholder Information - Galileo Mining Creasy Group's principal Mark Creasy is a world-renowned prospector who was behind was behind Sirius Resources when it struck the jackpot at the Nova-Bollinger nickel-copper deposit on Fraser Range. Share Registry. Galileo Mining has such a small amount of debt that we'll set it aside, and focus on the AU$6.9m in cash it held at December 2020. Return vs Industry: GAL exceeded the Australian Metals and Mining industry which returned -7.6% over the past year. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. James Mickleboro. Please read our Financial Services Guide before deciding whether to obtain financial services from us. This represents an interest of 26.35%. May 1, 2023 | So they generally do consider buying larger companies that are included in the relevant benchmark index. Join our flagship membership service, Share Advisor. Listen to Our Podcast Past performance is not necessarily indicative of future returns. Creasys Nova-Bollinger discovery helped start what is known as the Great Nickel Rush on Fraser Range. In the last year, its cash burn was All content on FT.com is for your general information and use only and is not intended to address your particular requirements. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. We aim to bring you long-term focused analysis driven by fundamental data. Legend Mining doubles down on seismic survey for Rockford Project, Astro Resources delivers 50% increase in indicated resources at Fe Limited continues operation ramp-up at JWD Iron Ore Project; South Harz Potash well positioned as global economic and political Emyria initiates pre-clinical studies for MDMA-inspired analogues. Monica has a keen interest in finance and the share market and enjoys exploring the highs and lows. WebShares in Galileo Mining last closed at AU$0.70 and the price had moved by +191.67% over the past 365 days. Our friendly customer service team will happily get back to you as soon as they can. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Galileo is exploring its 100% owned Norseman project in Western Australia. All Rights Reserved - Proactive Australia PTY LTD ACN:132787654 ABN:19132787654. Webshareholders including Mark Creasy (approximately 31%), Independence Group (4.9%) and Chris Ellison (4.2%). May 1, 2023 | On Legends Top 20 shareholder list Creasy Group is at the top with a 26.66% holding in Legend while IGO Ltd is second with a 14.12% stake. Galileo Mining Ltd engages in the exploration of mineral deposits in Western Australia. Lets take a look at what Galileo Mining announced today. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that youve provided to them or that theyve collected from your use of their services. In terms of relative price strength the Galileo Mining share price has 337927). WebGalileo Mining Limited. Learn about investing with our Investing Education hub. SMARTER, HAPPIER, AND RICHER. Macquarie says buy Santos shares now for 40% upside, The Galileo Mining share price is surging 150% today, The company has discovered major palladium, platinum, gold, copper, and nickel mineralisation, Galileo is exploring its 100% owned Norseman project in Western Australia, 6 metres at 2.21 g/t palladium, 0.37 g/t platinum, 0.11 g/t gold, 0.41% copper and 0.36% nickel from 159 metres, 1 metre at 2.66 g/t palladium, 0.41 g/t platinum, 0.14 g/t gold, 0.48% copper and 0.46% nickel from 176 metres. With 17% and 6.5% of the shares outstanding respectively, IGO Limited and Yandal Investments Pty Ltd are the second and third largest shareholders. Galileo Mining To that end, you should learn about the 4 warning signs we've spotted with Galileo Mining (including 2 which are concerning) . Company Buyback. Galileo expects to begin a third RC program at the end of this month and will be followed by diamond drilling in August. Win at Retirement Insiders were net buyers of Galileo Mining Ltd's ( ASX:GAL ) stock during the past year. We look forward to updating the market with results from this exciting new West Australian discovery., Edited by: Creamer Media Reporter EMAIL THIS ARTICLE SAVE THIS ARTICLE April 28, 2023 | Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. Earnings have declined by 3.9% per year over past 5 years, Volatile share price over the past 3 months, Shareholders have been diluted in the past year, Capture your thoughts, links and company narrative. Galileo Mining Galileo Mining's significant individual investors ownership suggests that the key decisions are influenced by shareholders from the larger public, A total of 6 investors have a majority stake in the company with 50% ownership, Using data from company's past performance alongside ownership research, one can better assess the future performance of a company. WebGet detailed information on GALILEO MINING LTD (GAL.AX) including stock quotes, financial news, historical charts, company background, company fundamentals, company financials, insider trades, annual reports and historical prices in the Company Factsheet. We are currently completing our second RC drill campaign at Callisto with a geological update to be provided to the market on the completion of the program. In comparison, the S&P/ASX 200 Materials Index (ASX: XMJ) is down 0.08% at the time of writing. The Galileo Mining share price soared 83% in the past year while it is up 116% year to date. Please remember that investments can go up and down. Advertising Cookies collect information about your browsing habits such as the pages you visit and links you follow. Bronwyn Allen. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. This may be a strategic interest and the two companies may have related business interests. WebGalileo Mining Ltd (ASX:GAL) insider upped their holding earlier this year. EMAILTHISARTICLE. Galileo Mining NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This suggests that some funds have the company in their sights, but many have not yet bought shares in it. WebName No. Jul 4, 2022 Anthony Macdonald, l. The Fraser Range project consists of licences which are propspective for nickel, copper, and cobalt. We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. Galileo Mining Ltd, GAL:ASX profile - FT.com - Financial Market Indices, Commodities and Regulatory News Headlines copyright Morningstar.
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