than 75% of Australian stocks over the past 3 months. Get Started Investing IGO and mining billionaire Mark Creasy are expected to cornerstone WA cobalt and nickel explorer Galileo Minings share placement. Galileo Mining Ltd (GAL.AX) - Yahoo! April 29, 2023 | Goldman Sachs says these are the lithium shares to buy due to a 'game changing' technology. Galileo Mining ASX:GAL Stock Report - Simply Wall St So they generally do consider buying larger companies that are included in the relevant benchmark index. Managing Director Brad Underwood is delighted with the placement and is looking forward to explore the Callisto discovery. We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library. Return vs Market: GAL exceeded the Australian Market which returned -5.5% over the past year. Please read our Financial Services Guide before deciding whether to obtain financial services from us. The company explores for cobalt, nickel, lithium, and copper, as well as nickel sulphides. Legend Mining prepares to test most exciting diamond drill Legend Mining talks Octagonal prospect potential at Rockford. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. 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. Share price information may be rounded up/down and therefore not entirely accurate. The placement will increase Galileos total cash balance to around $26.5 million. 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. Institutional investors commonly compare their own returns to the returns of a commonly followed index. Private companies may be related parties. 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 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 lithium giant could still have room to climb higher from current levels according to one broker. SMARTER, HAPPIER, AND RICHER. Join our flagship membership service, Share Advisor. WebInsider Buying: GAL insiders have bought more shares than they have sold in the past 3 months. 2010 - 2023 The Motley Fool Australia Pty Ltd. All rights reserved. Legend Mining continues evolution of the Mawson story with more massive sulphides intersected. See our latest analysis for Galileo Mining. Advertising Cookies collect information about your browsing habits such as the pages you visit and links you follow. In their own names, insiders own AU$12m worth of stock in the AU$155m company. Under the placement, Galileo will issue 17 million shares for $1.20 Galileo Mining Ltd engages in the exploration of mineral deposits in Western Australia. The Galileo Mining Ltd ( ASX: GAL) share price is soaring today on the back of a major discovery. But it might be worth checking if those insiders have been selling. Contact Details: The past revenue trajectory (shown below) can be an indication of future growth, but there are no guarantees. Win at Retirement GALILEO MINING Ltd. is currently the company's largest shareholder with 21% of shares outstanding. Lessons from the Masters: Where is super prospector Mark Have feedback on this article? Share Registry. Click on the button below to clear your default MiningWeekly.com regional edition. Galileo Mining Ltd (ASX:GAL That is, insiders 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. 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. 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. IGO has reported EBITDA of $533 million and net profit after tax of $412 million for the March quarter. Creasy Group has a 26.66% holding in Legend while IGO's stake stands at 14.12%. Top 20 Shareholders Please remember that investments can go up and down. Top 20 By Shareholder. Monica O'Shea. WebGalileo Mining Ltd (ASX:GAL) insider upped their holding earlier this 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. 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. Learn about investing with our Investing Education hub. Galileo noted it also has multiple targets at the companys Jimberlana and Mission Sill prospects, providing the opportunity for more discoveries. Substantial Shareholders A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Galileo Mining In the chart below, we zoom in on the different ownership groups of Galileo Mining. Analysts have been running the rule over this lithium giant's latest update. The Company is engaged in the development and exploration of cobalt, nickel laterite and Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. WebThe current holdings of RMI directors. 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. Should your cookies be reset then you may again use the drop-down menu to select a default region. May 1, 2023 | Galileo Mining Ltd Follow Mineral exploration. 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. The Motley Fool has a disclosure policy. Join Our Premium Community Galileo Mining Share Price - ASX:GAL Stock Research | Stockopedia 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 Profile data is unavailable for this security. In the past month, the companys shares have rocketed 120% and are 106% higher in the past week alone. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Insiders were net buyers of Galileo Mining Ltd's ( ASX:GAL ) stock during the past year. The placement closed oversubscribed with cornerstone investments of $8.7 million by major shareholders Mark Creasy and IGO. 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. Phone: (03) 8592 4841 Galileo Mining 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. Your password will be sent to this address. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research. Meanwhile, private companies make up 30% of the companys shareholders. Galileo Mining Ltd is an Australia-based mining and exploration company. This represents an interest of 26.35%. has decreased from 36% to 12% over the past year, but is still higher than 75% of Australian stocks. 337927). The placement closed oversubscribed with cornerstone investments of $8.7 million by major shareholders Mark Creasy and IGO. 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. 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. By: Esmarie Iannucci 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. 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. 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. WebGalileo Mining Limited. The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. 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. Galileo Mining discovered significant palladium, platinum, copper, gold, and nickel mineralisation at the Norseman project in Western Australia. Authorised by Scott Phillips. We note that hedge funds don't have a meaningful investment in Galileo Mining. James Mickleboro. 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. Why did the NAB share price smash the ASX 200 in April? The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Galileo Mining Resource Mining Corporation Ltd In comparison, the S&P/ASX 200 Materials Index (ASX: XMJ) is down 0.08% at the time of writing. Galileo Mining TO MAKE THE WORLD Listen to Our Podcast 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 LTD : Shareholders Board Members We note that hedge funds don't have a meaningful investment in Galileo Mining. Shares in the base metals explorer are skyrocketing today. Any information that you receive via FT.com is at best delayed intraday data and not "real time". WebGalileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping us understand which sections of the website you find most interesting and useful. Hear our experts take on shares, the market & how to invest. Galileo Mining When multiple institutional investors want to buy shares, we often see a rising share price. Let's find out. On the market this morning, Galileo were up 1.13 per cent and trading at $1.31 per share at 11:22 am AEST. Stable Share Price: GAL is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 12% a week. The Company's flagship projects are the Norseman and Fraser Range projects. For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) has fallen 7% in a year. Galileo Mining Ltd is an Australia-based mining and exploration company. 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 holding is probably worth investigating further. 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. Shareholder Information - Galileo Mining You must be a registered user to save alerts. Shareholder Info Top 20 Shareholders About the Data Shareholder Distribution As reported in the most recent Annual Report. 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. Webshareholders including Mark Creasy (approximately 31%), Independence Group (4.9%) and Chris Ellison (4.2%). Registered Office. Data is 20 mins delayed. 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. Taking note of what the big end of town is doing can provide insights for ordinary ASX shares investors. WebInsiders were net buyers of Galileo Mining Ltd's ( ASX:GAL ) stock during the past year. The Galileo Mining share price soared 83% in the past year while it is up 116% year to date. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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. 13 Colin Street West Perth WA 6000 . Legend and its respected two high-profile partners Rockford partners hold considerable expertise on Fraser Range district mineralisation styles. GALILEO MINING LTD : Shareholders Board Members 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. 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The company on Wednesday said that it has already received firm commitments for the placement. 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 separate emails by commas, maximum limit of 4 addresses, 6th July 2022
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