WebGalileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. This website uses cookies so that we can provide you with the best user experience possible. Volatility Over Time: GAL's weekly volatility has decreased from 36% to 12% over the past year, but is still higher than 75% of Australian stocks. James Mickleboro. Return vs Industry: GAL exceeded the Australian Metals and Mining industry which returned -7.6% over the past year. Note: When you select a default region you will be directed to the MiningWeekly.com home page of your choice whenever you visit miningweekly.com. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Any information that you receive via FT.com is at best delayed intraday data and not "real time". Legend and its respected two high-profile partners Rockford partners hold considerable expertise on Fraser Range district mineralisation styles. WebName No. Our most recent data indicates that insiders own some shares in Galileo Mining Ltd. May 1, 2023 | Australian Gold Resources Pty. All Rights Reserved - Proactive Australia PTY LTD ACN:132787654 ABN:19132787654. Past performance is not necessarily indicative of future returns. Postal Address: PO Box 415 West Perth WA 6872 P: +61 (0) 8 9324 2099 F: +61 (0) 8 9321 2337 E: info@galileomining.com.au W: www.galileomining.com.au. Terms of use. Shareholder Info Top 20 Shareholders About the Data Shareholder Distribution As reported in the most recent Annual Report. GAL $ 0.790 -0.040 -4.82% Data last updated: Apr 28, 2023 3.56pm. l. The Fraser Range project consists of licences which are propspective for nickel, copper, and cobalt. Brooke Cooper, April 30, 2023 | 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. 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'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. The Norseman project consists of granted exploration licences and is prospective for cobalt and nickel. Stable Share Price: GAL is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 12% a week. 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. Legend Mining Limited's (ASX:LEG) two major shareholders remain fellow Fraser Range players Creasy Group and IGO Ltd (ASX:IGO) (OTCMKTS:IPGDF) following the company's recent $20 million capital raising. We note that hedge funds don't have a meaningful investment in Galileo Mining. Creasy Group has a 26.66% holding in Legend while IGO's stake stands at 14.12%. Let's find out. 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. In the chart below, we zoom in on the different ownership groups of Galileo Mining. In addition, we found that Richard Underwood, the CEO has 4.4% of the shares allocated to their name. Postal Address: PO Box 415 West Perth WA 6872 P: +61 (0) 8 9324 2099 F: +61 (0) 8 9321 2337 E: info@galileomining.com.au W: Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. Registered Office. WebGalileo Mining Limited. Galileo Mining Ltd is an Australia-based mining and exploration company. The Company holds interest in the FSZ Resources Pty Ltd, NSZ Resources Pty Ltd, and the mining tenements that comprise the Norseman project. Concerned about the content? Galileo Mining Ltd engages in the exploration of mineral deposits in Western Australia. 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. It's always worth thinking about the different groups who own shares in a company. Share price information may be rounded up/down and therefore not entirely accurate. On the market this morning, Galileo were up 1.13 per cent and trading at $1.31 per share at 11:22 am AEST. 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. This suggests that some funds have the company in their sights, but many have not yet bought shares in it. The Motley Fool Australia has no position in any of the stocks mentioned. The Company is engaged in the development and exploration of cobalt, nickel laterite and 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. Creamer Media Senior Deputy Editor: Australasia, ARTICLE ENQUIRY Webshareholders including Mark Creasy (approximately 31%), Independence Group (4.9%) and Chris Ellison (4.2%). Insider ownership is positive when it signals leadership are thinking like the true owners of the company. 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. IGO has reported EBITDA of $533 million and net profit after tax of $412 million for the March quarter. 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. 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. However, high insider ownership can also give immense power to a small group within the company. When not writing for Motley Fool Australia, Monica enjoys travel, sport, music, and likes to play the violin in her spare time. Monica O'Shea. In the last year, its cash burn was Get Started Investing 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 The catalyst for the rise in the Galileo Mining share price on Monday has been news that one of the companys major shareholders has increased their stake. For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) has fallen 7% in a year. You must be a registered user to save alerts. Please remember that investments can go up and down. WebGalileo Mining Ltd is an Australia-based mining and exploration company. Legend Mining prepares to test most exciting diamond drill Legend Mining talks Octagonal prospect potential at Rockford. FT is not responsible for any use of content by you outside its scope as stated in the. The company was originally privately owned by renowned prospector Mr Mark Creasy, and Galileo Managing Director Mr Brad Underwood spent eight years as General Manager of the Creasy Groups exploration at the Fraser Range and at Norseman. Galileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. The top 20 shareholders on listing held 57% of the stock. 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. Subscriptions are available via the Creamer Media Store. The company explores for cobalt, nickel, lithium, and copper, as well as nickel sulphides. In the past month, the companys shares have rocketed 120% and are 106% higher in the past week alone. Currency figures normalised to Galileo Mining Ltd's reporting currency: Australian Dollar AUD, Create detailed alerts and get notified the moment an event happens, See how trades would have performed from years past or start from the present, Download PDF copies of reports from the newspaper markets data page, View the performance of global markets and browse news items by region, Find companies based on country, sector, and other equity characteristics, View funds that move the market, screen for funds and read relevant news, All markets data located on FT.com is subject to the. Our data indicates that Private Companies hold 30%, of the company's shares. May 1, 2023 | With over five kilometres 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, he said. We aim to bring you long-term focused analysis driven by fundamental data. James Mickleboro. Monica has a keen interest in finance and the share market and enjoys exploring the highs and lows. Market Indices, Commodities and Regulatory News Headlines copyright Morningstar. Under the placement, Galileo will issue 17 million shares for $1.20 each. WebThe current holdings of RMI directors. Phone: (03) 8592 4841 Galileo is exploring its 100% owned Norseman project in Western Australia. Galileo Mining (ASX: GAL) latest news, share price, company information, stock chart and announcements on Australia's #1 site for investors, Small Caps. These cookies are used to deliver our website and content. Overview Ltd. is currently the company's largest shareholder with 21% of shares outstanding. The company on Wednesday said that it has already received firm commitments for the placement. These audience insights are used to make our website more relevant. Learn More. Mark Creasy has upped his stake in Galileo Mining after its big Callisto palladium discovery last week. 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. Jul 4, 2022 Anthony Macdonald, Bronwyn Allen. Data delayed at least 20 minutes, as of May 01 2023 07:10 BST. The placement will increase our total cash to approximately A$26.5-million and allow us to aggressively explore this significant new palladium province within our Norseman project area. April 28, 2023 | Some would say this shows alignment of interests between shareholders and the board, though we generally prefer to see bigger insider holdings. The general public, who are usually individual investors, hold a 44% stake in Galileo Mining. Our latest articles and strategies for the post-work life you want. 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. May 1, 2023 | Galileo expects to begin a third RC program at the end of this month and will be followed by diamond drilling in August. We take a look at how you could receive passive income from two iron ore miners. 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. WebGalileo Mining Limited. The Galileo Mining share price soared 83% in the past year while it is up 116% year to date. 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. Company Buyback. has decreased from 36% to 12% over the past year, but is still higher than 75% of Australian stocks. 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. IGO and mining billionaire Mark Creasy are expected to cornerstone WA cobalt and nickel explorer Galileo Minings share placement. Our friendly customer service team will happily get back to you as soon as they can. Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 104, Isle of Capri, Qld 4217. Please enter the email address that you used to subscribe on Mining Weekly. Galileo has So if the company itself can improve over time, we may well see more institutional buyers in the future. Select your default regional edition of MiningWeekly.com. Hear our experts take on shares, the market & how to invest. Sign Up for Take Stock Why did the NAB share price smash the ASX 200 in April? SMARTER, HAPPIER, AND RICHER. The company is exploring for high grade palladium-platinum-nickel-copper-cobalt resources at its Norseman project and large scale magmatic nickel copper deposits in the Fraser Range. This holding is probably worth investigating further. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. Email: [emailprotected] 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. Data as of May 01 2023. 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. 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. Analysts have been running the rule over this lithium giant's latest update. Australian Gold Resources Pty. In terms of relative price strength the Galileo Mining share price has Galileo Mining (ASX:GAL) sees increasing grades at Callisto discovery, WA Galileo Mining (GAL) has recorded increasing palladium, nickel and copper grades at Carolyn Rebeiro 04 January 2023 10:58 (AEST) 783 views 2 minute read ASX News Materials Galileo Mining (ASX:GAL) strikes high-grade nickel sulphide at Callisto, WA of Shares % Piedmont Lithium Limited: 1,000,383,020: 11.26: Citicorp Nominees Pty Ltd: 691,211,585: 7.78: HSBC Custody Nominees (Australia) Limited The Galileo Mining Ltd(ASX: GAL) share price is soaring today on the back of a major discovery. This article contains general investment advice only (under AFSL 400691). In their own names, insiders own AU$12m worth of stock in the AU$155m company. 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All content on FT.com is for your general information and use only and is not intended to address your particular requirements. 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. To access earlier articles, click Advanced Search and set an earlier date range.To search for a term containing the '&' symbol, click Advanced Search and use the 'search headings' and/or 'in first paragraph' options. 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. Galileo Mining Ltd Follow Mineral exploration. Join Our Premium Community 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. Less than 5% of Galileo Mining is held by institutional investors. Galileo Mining Ltd engages in the exploration of mineral deposits in Western Australia. When multiple institutional investors want to buy shares, we often see a rising share price. 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. The past revenue trajectory (shown below) can be an indication of future growth, but there are no guarantees. 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 Profile data is unavailable for this security. Taking note of what the big end of town is doing can provide insights for ordinary ASX shares investors. Insiders were net buyers of Galileo Mining Ltd's ( ASX:GAL ) stock during the past year. Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Note: Search is limited to the most recent 250 articles. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. Share Registry. To that end, you should learn about the 4 warning signs we've spotted with Galileo Mining (including 2 which are concerning) . In addition, we are waiting for the assay results from the first four drill holes of the present drill program which are expected to be returned from the laboratory shortly. See our latest analysis for Galileo Mining. Galileo remains fully funded with $8.2 million at the end of the March quarter and able to continue aggressive exploration programs at all our projects. 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.
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