galileo mining top 20 shareholders

The Motley Fool Australia does not guarantee the performance of, or returns on any investment. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Some would say this shows alignment of interests between shareholders and the board, though we generally prefer to see bigger insider holdings. Ownership Breakdown Dilution of Shares: Shareholders have been diluted in the WebGalileo Mining Ltd (ASX:GAL) insider upped their holding earlier this year. Galileo has Any information that you receive via FT.com is at best delayed intraday data and not "real time". TO MAKE THE WORLD Galileo said this shows the potential for a large mineralised system. 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. 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. 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. Subscriptions are available via the Creamer Media Store. 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. Legend Mining welcomes maiden nickel, copper and cobalt resource Legend Mining hits Octagonal running with seismic data acquisition. 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. 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 Private companies may be related parties. Learn about investing with our Investing Education hub. Galileo Mining (ASX: GAL) latest news, share price, company information, stock chart and announcements on Australia's #1 site for investors, Small Caps. 2010 - 2023 The Motley Fool Australia Pty Ltd. All rights reserved. Terms of use. 337927). The Norseman project consists of granted exploration licences and is prospective for cobalt and nickel. GALILEO MINING LTD : Shareholders Board Members Ltd. is currently the company's largest shareholder with 21% of shares outstanding. The Galileo Mining share price soared 83% in the past year while it is up 116% year to date. Do the positives outweigh the negatives with BHP's shares? We use this information to make our site faster, more relevant and improve the navigation for all users. Company Buyback. IGO and mining billionaire Mark Creasy are expected to cornerstone WA cobalt and nickel explorer Galileo Minings share placement. Postal Address: PO Box 415 West Perth WA 6872 P: +61 (0) 8 9324 2099 F: +61 (0) 8 9321 2337 E: [email protected] W: Let's find out. Analysts have been running the rule over this lithium giant's latest update. The billionaire prospector extraordinaire is credited with Win at Retirement 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. James Mickleboro. It could be that they have de-merged. 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. In their own names, insiders own AU$12m worth of stock in the AU$155m company. When multiple institutional investors want to buy shares, we often see a rising share price. Australian Gold Resources Pty. Postal Address: PO Box 415 West Perth WA 6872 P: +61 (0) 8 9324 2099 F: +61 (0) 8 9321 2337 E: [email protected] W: www.galileomining.com.au. Please read our Financial Services Guide before deciding whether to obtain financial services from us. According to a change of substantial holding notice, Mark Creasy has increased his stake by 3 million shares to 44,371,895 shares. James Mickleboro. 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. These audience insights are used to make our website more relevant. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. WebGalileo Mining Ltd is an Australia-based mining and exploration company. This article contains general investment advice only (under AFSL 400691). Galileo Mining Ltd engages in the exploration of mineral deposits in Western Australia. Select your default regional edition of MiningWeekly.com. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Insiders were net buyers of Galileo Mining Ltd's ( ASX:GAL ) stock during the past year. Legendary explorer Mark Creasy is Galileo Minings biggest shareholder with nearly 25 per cent of the company. 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. 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. Profile data is unavailable for this security. We can see that individual investors own the lion's share in the company with 44% ownership. Join Our Premium Community Galileo Mining (GAL) has received firm commitments to raise $20.4 million for the Callisto palladium-nickel discovery within the Norseman project in WA. Galileo Mining is an ASX-listed company (ASX: GAL) focussed on the discovery of base metals in Western Australia. Ltd. is currently the company's largest In May 2022 Galileo made a major Palladium-Platinum discovery at Callisto on the Norseman Project and is currently undertaking a resource drill out with numerous areas having potential for further PGE, nickel, copper and cobalt discoveries. The Fraser Range Project covers two zones of the extensive Fraser Range geological belt. Monica is a journalist with experience working for Daily Mail Australia in Sydney and the Port Pirie Recorder and the Flinders News in South Australia. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. 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. Stock summary - Australian Stock Market - Small Caps GAL $ 0.790 -0.040 -4.82% Data last updated: Apr 28, 2023 3.56pm. Galileo Mining Investor Webinar - YouTube In the past month, the companys shares have rocketed 120% and are 106% higher in the past week alone. Should your cookies be reset then you may again use the drop-down menu to select a default region. By: Esmarie Iannucci Galileo Mining The company explores for cobalt, nickel, lithium, and copper, as well as nickel sulphides. This can be negative in some circumstances. This may be a strategic interest and the two companies may have related business interests. Sign Up for Take Stock Email: [emailprotected] Galileo Mining Share Price - ASX:GAL Stock Research | Stockopedia Our latest articles and strategies for the post-work life you want. 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. Investment news, stock ideas, and more, straight to your inbox. 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 Goldman Sachs says these are the lithium shares to buy due to a 'game changing' technology. Top 20 Shareholders That is, insiders 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. Galileo Mining discovered significant palladium, platinum, copper, gold, and nickel mineralisation at the Norseman project in Western Australia. 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 (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 The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. GALILEO MINING Note: Search is limited to the most recent 250 articles. Automic Group Level 5, 191 St Georges Terrace Perth WA 6000 P: 1300 288 644 (within Australia) Drilling from 144m at hole NRC266 intersected with 33 metres at 1.64 grams per tonne (g/t) palladium, 0.28 g/t platinum, 0.09 g/t gold, 0.32% copper, and 0.3% nickel including: The 33 metre intersection is within a broader 55 metre disseminated sulphide zone. 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. Data as of May 01 2023. 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. The placement closed oversubscribed with cornerstone investments of $8.7 million by major shareholders Mark Creasy and IGO. May 1, 2023 | Return vs Industry: GAL exceeded the Australian Metals and Mining industry which returned -7.6% over the past year. 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. This holding is probably worth investigating further. Data delayed at least 20 minutes, as of May 01 2023 07:10 BST. 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. 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, WebShares in Galileo Mining last closed at AU$0.70 and the price had moved by +191.67% over the past 365 days. For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) has fallen 7% in a year. Our friendly customer service team will happily get back to you as soon as they can. Why did the NAB share price smash the ASX 200 in April? Galileo Mining Authorised by Scott Phillips. 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. Australian Gold Resources Pty. Simply Wall St has no position in any stocks mentioned. Creamer Media Senior Deputy Editor: Australasia, ARTICLE ENQUIRY We look forward to updating the market as work progresses on this exciting new West Australian discovery. The placement will increase Galileos total cash balance to around $26.5 million. 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. But to understand Galileo Mining better, we need to consider many other factors. Data delayed 15 minutes unless otherwise indicated. Companies Like Galileo Mining (ASX:GAL) Are In A Position To GALILEO MINING LTD : Shareholders Board Members Galileo Mining 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. 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 Our data indicates that Private Companies hold 30%, of the company's shares. This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. Listen to Our Podcast See historical performance and comparison, Metals and Mining Industry Average Movement. Galileo Mining These cookies are used to deliver our website and content. The top 20 shareholders on listing held 57% of the stock. Shares in the base metals explorer are skyrocketing today. EMAILTHISARTICLE. 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. Performance Cookies collect anonymous information designed to help us improve the site and respond to the needs of our audiences. 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. Legend and its respected two high-profile partners Rockford partners hold considerable expertise on Fraser Range district mineralisation styles. 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. The Motley Fool Australia has no position in any of the stocks mentioned. Mr Creasy continues to be the largest shareholder, controlling approximately 27.5 percent of the The high level of interest has allowed us to complete the A$20.4-million placement with A$8.7-million of the funds coming from our major shareholders, Mark Creasy and IGO. Our most recent data indicates that insiders own some shares in Galileo Mining Ltd. Galileo Mining Ltd Follow Mineral exploration. For more information please see our Financial Services Guide. Advertising Cookies collect information about your browsing habits such as the pages you visit and links you follow. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. Registered Office. Legend Mining two major partners remain at top of shareholder FT is not responsible for any use of content by you outside its scope as stated in the. GALILEO MINING 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 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. We also observed that the top 6 shareholders account for more than half of the share register, with a few smaller shareholders to balance the interests of the larger ones to a certain extent. As far as we can tell there isn't analyst coverage of the company, so it is probably flying under the radar. 13 Colin Street West Perth WA 6000 . Resource Mining Corporation Ltd The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. 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Galileo Mining (GAL) has received firm commitments to raise $20.4 million for the Callisto palladium-nickel discovery within the Norseman project in WA. Institutional investors commonly compare their own returns to the returns of a commonly followed index. WebGalileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. Australian Gold Resources Pty. 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. Lets take a look at what Galileo Mining announced today. Shareholder Information - Galileo Mining 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. Return vs Market: GAL exceeded the Australian Market which returned -5.5% over the past year. 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. The third reverse circulation drill program is scheduled to begin at the end of July with diamond drilling planned to commence in August. Meanwhile, private companies make up 30% of the companys shareholders. Ltd. is currently the company's largest shareholder with 21% of shares outstanding. See our latest analysis for Galileo Mining. See our Cookie Policy for more information. Bronwyn Allen. GAL News, Analysis, Announcements & Results | Galileo 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. Public companies currently own 17% of Galileo Mining stock. Your password will be sent to this address. Mark Creasy has upped his stake in Galileo Mining after its big Callisto palladium discovery last week. Share price information may be rounded up/down and therefore not entirely accurate. 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 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 This lithium giant could still have room to climb higher from current levels according to one broker. The Company's flagship projects are the Norseman and Fraser Range projects. 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 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 [email protected] 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 Galileo Mining Please remember that investments can go up and down.