The general public, who are usually individual investors, hold a 44% stake in Galileo Mining. 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. 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. Get Started Investing 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. 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. James Mickleboro. The third reverse circulation drill program is scheduled to begin at the end of July with diamond drilling planned to commence in August. 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. Sign Up for Take Stock The placement closed oversubscribed with cornerstone investments of $8.7 million by major shareholders Mark Creasy and IGO. Have feedback on this article? The Company holds interest in the FSZ Resources Pty Ltd, NSZ Resources Pty Ltd, and the mining tenements that comprise the Norseman project. 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Private companies may be related parties. WebGalileo Mining Ltd is an Australia-based mining and exploration company. This holding is probably worth investigating further. Stock summary - Australian Stock Market - Small Caps We note that hedge funds don't have a meaningful investment in Galileo Mining. 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. Ltd. is currently the company's largest 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. Advertising Cookies collect information about your browsing habits such as the pages you visit and links you follow. 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. When multiple institutional investors want to buy shares, we often see a rising share price. Galileo Mining discovered significant palladium, platinum, copper, gold, and nickel mineralisation at the 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. We note that hedge funds don't have a meaningful investment in Galileo Mining. IGO has reported EBITDA of $533 million and net profit after tax of $412 million for the March quarter. 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 The Galileo Mining Ltd(ASX: GAL) share price is soaring today on the back of a major discovery. Our latest articles and strategies for the post-work life you want. We look forward to updating the market as work progresses on this exciting new West Australian discovery. Shareholder Info Top 20 Shareholders About the Data Shareholder Distribution As reported in the most recent Annual Report. It's always worth thinking about the different groups who own shares in a company. 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. James Mickleboro. Galileo Mining Ltd is an Australia-based mining and exploration company. Galileo Mining Galileo Mining Galileo Mining Galileo Mining The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. 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. Past performance is not necessarily indicative of future returns. 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. The placement will increase Galileos total cash balance to around $26.5 million. 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. WebShares in Galileo Mining last closed at AU$0.70 and the price had moved by +191.67% over the past 365 days. 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 Ltd (GAL.AX) - Yahoo! The placement closed oversubscribed with cornerstone investments of $8.7 million by major shareholders Mark Creasy and IGO. According to a change of substantial holding notice, Mark Creasy has increased his stake by 3 million shares to 44,371,895 shares. 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. Galileo is exploring its 100% owned Norseman project in Western Australia. GALILEO MINING May 1, 2023 | 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. l. The Fraser Range project consists of licences which are propspective for nickel, copper, and cobalt. Galileo Mining Lessons from the Masters: Where is super prospector Mark The Motley Fool Australia has no position in any of the stocks mentioned. May 1, 2023 | This represents an interest of 26.35%. GALILEO MINING LTD : Shareholders Board Members Our data indicates that Private Companies hold 30%, of the company's shares. 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. 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. 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. Top 20 Shareholders WebGalileo Mining Ltd (ASX:GAL) insider upped their holding earlier this year. Under the placement, Galileo will issue 17 million shares for $1.20 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. Galileo Mining Ltd Follow Mineral exploration. By: Esmarie Iannucci 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. The Motley Fool Australia does not guarantee the performance of, or returns on any investment. Monica O'Shea. Return vs Industry: GAL exceeded the Australian Metals and Mining industry which returned -7.6% over the past year. Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 104, Isle of Capri, Qld 4217. 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. Galileo Mining Investor Webinar - YouTube 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. Please read our Financial Services Guide before deciding whether to obtain financial services from us. The Fraser Range project consists of licences which are propspective for nickel, copper, and cobalt. For more information please see our Financial Services Guide. 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. Learn More. Australian Gold Resources Pty. You must be a registered user to save alerts. The company explores for cobalt, nickel, lithium, and copper, as well as nickel sulphides. Select your default regional edition of MiningWeekly.com. The past revenue trajectory (shown below) can be an indication of future growth, but there are no guarantees. 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.. has decreased from 36% to 12% over the past year, but is still higher than 75% of Australian stocks. Terms of use. With 17% and 6.5% of the shares outstanding respectively, IGO Limited and Yandal Investments Pty Ltd are the second and third largest shareholders. Stable Share Price: GAL is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 12% a week. GALILEO MINING Company Overview - Galileo Mining 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 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. Institutional investors commonly compare their own returns to the returns of a commonly followed index. WebGalileo Mining Limited. 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. See historical performance and comparison, Metals and Mining Industry Average Movement. 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. Mark Creasy has upped his stake in Galileo Mining after its big Callisto palladium discovery last week. 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 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 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. Analysts have been running the rule over this lithium giant's latest update. 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. Authorised by Scott Phillips. On the market this morning, Galileo were up 1.13 per cent and trading at $1.31 per share at 11:22 am AEST. This website uses cookies so that we can provide you with the best user experience possible. GALILEO MINING LTD : Forcasts, revenue, earnings, analysts expectations, ratios for GALILEO MINING LTD Stock | GAL | AU0000007510 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. However, high insider ownership can also give immense power to a small group within the company. Market Indices, Commodities and Regulatory News Headlines copyright Morningstar.
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