Lessons from the Masters: Where is super prospector Mark This holding is probably worth investigating further. Galileo Mining is an ASX-listed company (ASX: GAL) focussed on the discovery of base metals in Western Australia. This may be a strategic interest and the two companies may have related business interests. 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. Market Indices, Commodities and Regulatory News Headlines copyright Morningstar. The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. April 29, 2023 | 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. 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 In comparison, the S&P/ASX 200 Materials Index (ASX: XMJ) is down 0.08% at the time of writing. On the market this morning, Galileo were up 1.13 per cent and trading at $1.31 per share at 11:22 am AEST. The Fraser Range project consists of licences which are propspective for nickel, copper, and cobalt. Galileo Mining Investor Webinar - YouTube 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. Copyright Proactive Group Holdings Inc, 2023. Terms of use. Profile data is unavailable for this security. To make the world Smarter, Happier, And Richer. Return vs Market: GAL exceeded the Australian Market which returned -5.5% over the past year. Return vs Industry: GAL exceeded the Australian Metals and Mining industry which returned -7.6% over the past year. Sign Up for Take Stock 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. Join Our Premium Community 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. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research. The Company's flagship projects are the Norseman and Fraser Range projects. According to a change of substantial holding notice, Mark Creasy has increased his stake by 3 million shares to 44,371,895 shares. ARTICLE ENQUIRY, To subscribe email subscriptions@creamermedia.co.za or click here For the Year Ended 30 June 2018 For personal use only - ASX By: Esmarie Iannucci Galileo Mining Share Price - ASX:GAL Stock Research | Stockopedia Institutional investors commonly compare their own returns to the returns of a commonly followed index. Share price information may be rounded up/down and therefore not entirely accurate. Use our equities screener to discover other potential opportunities. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. But to understand Galileo Mining better, we need to consider many other factors. Ltd. is currently the company's largest shareholder with 21% of shares outstanding. We aim to bring you long-term focused analysis driven by fundamental data. Private companies may be related parties. Company Buyback. Registered Office. Your password will be sent to this address. 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 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 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. WebInsider Buying: GAL insiders have bought more shares than they have sold in the past 3 months. Performance Cookies collect anonymous information designed to help us improve the site and respond to the needs of our audiences. 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Galileo has Companies Like Galileo Mining (ASX:GAL) Are In A Position To Shareholder Info Top 20 Shareholders About the Data Shareholder Distribution As reported in the most recent Annual Report. TO MAKE THE WORLD Legend Mining two major partners remain at top of shareholder Please read our Financial Services Guide before deciding whether to obtain financial services from us. The Company is engaged in the development and exploration of cobalt, nickel laterite and nickel-copper-cobalt sulphide projects in Western Australia. Our data indicates that Private Companies hold 30%, of the company's shares. Share Registry. The Galileo Mining Ltd ( ASX: GAL) share price is soaring today on the back of a major discovery. 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. Webshareholders including Mark Creasy (approximately 31%), Independence Group (4.9%) and Chris Ellison (4.2%). 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 third reverse circulation drill program is scheduled to begin at the end of July with diamond drilling planned to commence in August. Monica O'Shea. 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. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. Receive daily sector news alerts. The Motley Fool Australia has no position in any of the stocks mentioned. Overview 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. Galileo Mining Ltd engages in the exploration of mineral deposits in Western Australia. Under the placement, Galileo will issue 17 million shares for $1.20 each. See our Cookie Policy for more information. Learn about investing with our Investing Education hub. We take a look at how you could receive passive income from two iron ore miners. It could be that they have de-merged. Galileo noted it also has multiple targets at the companys Jimberlana and Mission Sill prospects, providing the opportunity for more discoveries. 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. Galileo Mining Ltd, GAL:ASX profile - FT.com - Financial 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. 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. Galileo Mining (ASX: GAL) latest news, share price, company information, stock chart and announcements on Australia's #1 site for investors, Small Caps. 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. 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: 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. The Motley Fool Australia operates under AFSL 400691. All content on FT.com is for your general information and use only and is not intended to address your particular requirements. Galileo Mining Click on the button below to clear your default MiningWeekly.com regional edition. 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 completed a cadetship in 2013. See historical performance and comparison, Metals and Mining Industry Average Movement. Why did the NAB share price smash the ASX 200 in April? Galileo Mining 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. 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 For story tips and broker tips, email me at, By clicking this button, you agree to our, Galileo Mining share price explodes 150% on major discovery, How Id generate $400 in monthly passive income from 2 ASX 200 iron ore shares. The Motley Fool has a disclosure policy. GALILEO MINING LTD : Shareholders Board Members May 1, 2023 | The Company is engaged in the development and exploration of cobalt, nickel laterite and Creasys Nova-Bollinger discovery helped start what is known as the Great Nickel Rush on Fraser Range. Galileo Mining Ltd is an Australia-based mining and exploration company. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. See our latest analysis for Galileo Mining. WebGalileo Mining Ltd is an Australia-based mining and exploration company. Australian Gold Resources Pty. GALILEO MINING LTD : Forcasts, revenue, earnings, analysts expectations, ratios for GALILEO MINING LTD Stock | GAL | AU0000007510 Our latest articles and strategies for the post-work life you want. 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. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. Galileo Mining Ownership - Simply Wall St 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. 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. Resource Mining Corporation Ltd Get Started Investing 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. In terms of relative price strength the Galileo Mining share price has Galileo Mining Ltd is an Australia-based mining and exploration company. In the past month, the companys shares have rocketed 120% and are 106% higher in the past week alone. 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. Data delayed at least 20 minutes, as of May 01 2023 07:10 BST. 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. This represents an interest of 26.35%. Do the positives outweigh the negatives with BHP's shares? Stable Share Price: GAL is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 12% a week. IGO and mining billionaire Mark Creasy are expected to cornerstone WA cobalt and nickel explorer Galileo Minings share placement. As far as we can tell there isn't analyst coverage of the company, so it is probably flying under the radar. May 1, 2023 | 337927). than 75% of Australian stocks over the past 3 months. 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. Simply Wall St has no position in any stocks mentioned. The companys shares are currently trading at 50 cents apiece, a 150% gain. Lets take a look at what Galileo Mining announced today. Ltd. is currently the company's largest 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. 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. In the last year, its cash burn was Legend Mining prepares to test most exciting diamond drill Legend Mining talks Octagonal prospect potential at Rockford. Galileo Mining (GAL) has received firm commitments to raise $20.4 million for the Callisto palladium-nickel discovery within the Norseman project in WA. The placement will increase Galileos total cash balance to around $26.5 million. 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. Galileo is exploring its 100% owned Norseman project in Western Australia. When multiple institutional investors want to buy shares, we often see a rising share price. James Mickleboro. We note that hedge funds don't have a meaningful investment in Galileo Mining. Meanwhile, private companies make up 30% of the companys shareholders. 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. 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. 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. The past revenue trajectory (shown below) can be an indication of future growth, but there are no guarantees. 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. We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library. Learn More. Any information that you receive via FT.com is at best delayed intraday data and not "real time". WebGalileo Mining Limited. Top 20 By Shareholder. 13 Colin Street West Perth WA 6000 . SMARTER, HAPPIER, AND RICHER. 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. The Galileo Mining Ltd(ASX: GAL) share price is soaring today on the back of a major discovery. For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) has fallen 7% in a year. 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. Galileo Mining Jul 4, 2022 Anthony Macdonald, We are currently completing our second reverse circulation (RC) drill campaign at Callisto with a geological update to be provided to the market on the completion of the program.. Galileo expects to begin a third RC program at the end of this month and will be followed by diamond drilling in August. So if the company itself can improve over time, we may well see more institutional buyers in the future. 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 Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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, 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. 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. Our most recent data indicates that insiders own some shares in Galileo Mining Ltd. Hear our experts take on shares, the market & how to invest. Get in touch with us directly. Legend and its respected two high-profile partners Rockford partners hold considerable expertise on Fraser Range district mineralisation styles. When not writing for Motley Fool Australia, Monica enjoys travel, sport, music, and likes to play the violin in her spare time. 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. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. Past performance is not necessarily indicative of future returns. Strictly necessary cookies relate to our hosting environment, and functional cookies are used to facilitate social logins, social sharing and rich-media content embeds. You must be a registered user to save alerts. The Company holds interest in the FSZ Resources Pty Ltd, NSZ Resources Pty Ltd, and the mining tenements that comprise the Norseman project. Taking note of what the big end of town is doing can provide insights for ordinary ASX shares investors. Galileo Mining Ltd is an Australia-based mining and exploration company. 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. Goldman Sachs says these are the lithium shares to buy due to a 'game changing' technology. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Galileo Mining ASX:GAL Stock Report - Simply Wall St 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.
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