galileo mining top 20 shareholders

Meanwhile, private companies make up 30% of the companys shareholders. 2010 - 2023 The Motley Fool Australia Pty Ltd. All rights reserved. Less than 5% of Galileo Mining is held by institutional investors. Sign Up for Take Stock May 1, 2023 | That is, insiders See historical performance and comparison, Metals and Mining Industry Average Movement. The Motley Fool Australia operates under AFSL 400691. Data as of May 01 2023. The Galileo Mining share price soared 83% in the past year while it is up 116% year to date. Ltd. is currently the company's largest We use this information to make our site faster, more relevant and improve the navigation for all users. Shareholder Info Top 20 Shareholders About the Data Shareholder Distribution As reported in the most recent Annual Report. The Motley Fool has a disclosure policy. With 17% and 6.5% of the shares outstanding respectively, IGO Limited and Yandal Investments Pty Ltd are the second and third largest shareholders. 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. IGO has reported EBITDA of $533 million and net profit after tax of $412 million for the March quarter. 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. Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 104, Isle of Capri, Qld 4217. Overview 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. We look forward to updating the market as work progresses on this exciting new West Australian discovery. 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. We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library. We note that hedge funds don't have a meaningful investment in Galileo Mining. 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. ARTICLE ENQUIRY, To subscribe email subscriptions@creamermedia.co.za or click here Some 170-million shares will be placed, at a price of A$1.20 a share under Galileos existing placement capacity. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Return vs Industry: GAL exceeded the Australian Metals and Mining industry which returned -7.6% over the past year. This holding is probably worth investigating further. 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. 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. 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. 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 may not be consistent with full year annual report figures. When not writing for Motley Fool Australia, Monica enjoys travel, sport, music, and likes to play the violin in her spare time. April 28, 2023 | Automic Group Level 5, 191 St Georges Terrace Perth WA 6000 P: 1300 288 644 (within Australia) Monica O'Shea. TO MAKE THE WORLD All Rights Reserved - Proactive Australia PTY LTD ACN:132787654 ABN:19132787654. Share Registry. 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 Data is 20 mins delayed. These audience insights are used to make our website more relevant. Learn about investing with our Investing Education hub. The placement closed oversubscribed with cornerstone investments of $8.7 million by major shareholders Mark Creasy and IGO. 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. Note: Search is limited to the most recent 250 articles. 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. Why did the NAB share price smash the ASX 200 in April? Performance Cookies collect anonymous information designed to help us improve the site and respond to the needs of our audiences. Profile data is unavailable for this security. Galileo Mining Ltd engages in the exploration of mineral deposits in Western Australia. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. The placement will increase Galileos total cash balance to around $26.5 million. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. Select your default regional edition of MiningWeekly.com. 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. Ownership Breakdown Dilution of Shares: Shareholders have been diluted in the 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 companys shares are currently trading at 50 cents apiece, a 150% gain. 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. 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. Your password will be sent to this address. SAVE THIS ARTICLE Australian Gold Resources Pty. 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. Institutional investors commonly compare their own returns to the returns of a commonly followed index. Creasy Group has a 26.66% holding in Legend while IGO's stake stands at 14.12%. 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 Have feedback on this article? Some would say this shows alignment of interests between shareholders and the board, though we generally prefer to see bigger insider holdings. Webshareholders including Mark Creasy (approximately 31%), Independence Group (4.9%) and Chris Ellison (4.2%). Australian Gold Resources Pty. You can do it. In terms of relative price strength the Galileo Mining share price has Ltd. is currently the company's largest shareholder with 21% of shares outstanding. The Company holds interest in the FSZ Resources Pty Ltd, NSZ Resources Pty Ltd, and the mining tenements that comprise the Norseman project. 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 (GAL) has received firm commitments to raise $20.4 million for the Callisto palladium-nickel discovery within the Norseman project in WA. In their own names, insiders own AU$12m worth of stock in the AU$155m company. 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. 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. 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. Stable Share Price: GAL is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 12% a week. 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. 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. Contact Details: GAL $ 0.790 -0.040 -4.82% Data last updated: Apr 28, 2023 3.56pm. Hear our experts take on shares, the market & how to invest. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research. Legend Mining welcomes maiden nickel, copper and cobalt resource Legend Mining hits Octagonal running with seismic data acquisition. 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.. Ltd. is currently the company's largest shareholder with 21% of shares outstanding. In addition, we found that Richard Underwood, the CEO has 4.4% of the shares allocated to their name. 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. 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. Share price information may be rounded up/down and therefore not entirely accurate. This article contains general investment advice only (under AFSL 400691). Subscriptions are available via the Creamer Media Store. 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. For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) has fallen 7% in a year. GALILEO MINING LTD : Forcasts, revenue, earnings, analysts expectations, ratios for GALILEO MINING LTD Stock | GAL | AU0000007510 Galileo Mining Ltd Follow Mineral exploration. Strictly necessary cookies relate to our hosting environment, and functional cookies are used to facilitate social logins, social sharing and rich-media content embeds. than 75% of Australian stocks over the past 3 months. 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. 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 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 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. Legendary explorer Mark Creasy is Galileo Minings biggest shareholder with nearly 25 per cent of the company. The past revenue trajectory (shown below) can be an indication of future growth, but there are no guarantees. 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 expects to begin a third RC program at the end of this month and will be followed by diamond drilling in August. Please remember that investments can go up and down. 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. Return vs Market: GAL exceeded the Australian Market which returned -5.5% over the past year. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. Jul 4, 2022 Anthony Macdonald, The Company is engaged in the development and exploration of cobalt, nickel laterite and nickel-copper 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. Under the placement, Galileo will issue 17 million shares for $1.20 The Galileo Mining Ltd ( ASX: GAL) share price is soaring today on the back of a major discovery. The Motley Fool Australia has no position in any of the stocks mentioned. It's always worth thinking about the different groups who own shares in a company. The company on Wednesday said that it has already received firm commitments for the placement. The Company is engaged in the development and exploration of cobalt, nickel laterite and May 1, 2023 | Insiders were net buyers of Galileo Mining Ltd's ( ASX:GAL ) stock during the past year. Legend Mining prepares to test most exciting diamond drill Legend Mining talks Octagonal prospect potential at Rockford. This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. 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. SMARTER, HAPPIER, AND RICHER. In comparison, the S&P/ASX 200 Materials Index (ASX: XMJ) is down 0.08% at the time of writing. 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. Win at Retirement 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 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. WebGalileo Mining Limited. However, high insider ownership can also give immense power to a small group within the company. The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. 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, Galileo has The Fraser Range project consists of licences which are propspective for nickel, copper, and cobalt. 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 Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. Creamer Media Senior Deputy Editor: Australasia, ARTICLE ENQUIRY Authorised by Scott Phillips. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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. Our most recent data indicates that insiders own some shares in Galileo Mining Ltd. Please enter the email address that you used to subscribe on Mining Weekly. Click on the button below to clear your default MiningWeekly.com regional edition. Galileo Mining has amarket capitalisationof about $81 million. Legend and its respected two high-profile partners Rockford partners hold considerable expertise on Fraser Range district mineralisation styles. In the chart below, we zoom in on the different ownership groups of Galileo Mining. 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. Phone: (03) 8592 4841 Bronwyn Allen. James Mickleboro. 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. 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. WebGalileo Mining Ltd (ASX:GAL) insider upped their holding earlier this year. Company Buyback. 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 definition of an insider can differ slightly between different countries, but members of the board of directors always count. See our latest analysis for Galileo Mining. By: Esmarie Iannucci Get in touch with us directly. Please sign in or register. See our Cookie Policy for more information. But it might be worth checking if those insiders have been selling. This suggests that some funds have the company in their sights, but many have not yet bought shares in it. Galileo Mining (ASX: GAL) latest news, share price, company information, stock chart and announcements on Australia's #1 site for investors, Small Caps. Terms of use. May 1, 2023 | All content on FT.com is for your general information and use only and is not intended to address your particular requirements. 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'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. April 29, 2023 | These cookies are used to deliver our website and content. Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. 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.
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