Top 20 Shareholders 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. For more information please see our Financial Services Guide. However, high insider ownership can also give immense power to a small group within the company. Galileo Mining has amarket capitalisationof about $81 million. Galileo Mining Ltd's (ASX:GAL) top owners are individual investors The Company is engaged in the development and exploration of cobalt, nickel laterite and 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. Data as of May 01 2023. Market Indices, Commodities and Regulatory News Headlines copyright Morningstar. Insiders were net buyers of Galileo Mining Ltd's ( ASX:GAL ) stock during the past year. 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 holding is probably worth investigating further. GALILEO MINING LTD : Forcasts, revenue, earnings, analysts expectations, ratios for GALILEO MINING LTD Stock | GAL | AU0000007510 Shareholder Information - Galileo Mining The general public, who are usually individual investors, hold a 44% stake in Galileo Mining. Please remember that investments can go up and down. 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Why did the NAB share price smash the ASX 200 in April? Return vs Industry: GAL exceeded the Australian Metals and Mining industry which returned -7.6% over the past year. 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. Investment news, stock ideas, and more, straight to your inbox. This suggests that some funds have the company in their sights, but many have not yet bought shares in it. Advertising Cookies collect information about your browsing habits such as the pages you visit and links you follow. 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 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 So they generally do consider buying larger companies that are included in the relevant benchmark index. All content on FT.com is for your general information and use only and is not intended to address your particular requirements. In comparison, the S&P/ASX 200 Materials Index (ASX: XMJ) is down 0.08% at the time of writing. Legendary explorer Mark Creasy is Galileo Minings biggest shareholder with nearly 25 per cent of the company. The placement closed oversubscribed with cornerstone investments of $8.7 million by major shareholders Mark Creasy and IGO. WebInsider Buying: GAL insiders have bought more shares than they have sold in the past 3 months. The placement closed oversubscribed with cornerstone investments of $8.7 million by major shareholders Mark Creasy and IGO. Bronwyn Allen. This may not be consistent with full year annual report figures. Galileo Mining Ownership - Simply Wall St Join Our Premium Community Monica has a keen interest in finance and the share market and enjoys exploring the highs and lows. To that end, you should learn about the 4 warning signs we've spotted with Galileo Mining (including 2 which are concerning) . 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. Ltd. is currently the company's largest shareholder with 21% of shares outstanding. TO MAKE THE WORLD Profile data is unavailable for this security. Mark Creasy has upped his stake in Galileo Mining after its big Callisto palladium discovery last week. Data delayed at least 20 minutes, as of May 01 2023 07:10 BST. Galileo Mining 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. Galileo Mining Any information that you receive via FT.com is at best delayed intraday data and not "real time". Authorised by Scott Phillips. Jul 4, 2022 Anthony Macdonald, These audience insights are used to make our website more relevant. Legend Mining prepares to test most exciting diamond drill Legend Mining talks Octagonal prospect potential at Rockford. GALILEO MINING LTD : Shareholders Board Members The Motley Fool Australia has no position in any of the stocks mentioned. The past revenue trajectory (shown below) can be an indication of future growth, but there are no guarantees. 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. May 1, 2023 | 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: That is, insiders This lithium giant could still have room to climb higher from current levels according to one broker. GAL $ 0.790 -0.040 -4.82% Data last updated: Apr 28, 2023 3.56pm. The Company holds interest in the FSZ Resources Pty Ltd, NSZ Resources Pty Ltd, and the mining tenements that comprise the Norseman project. Have feedback on this article? Galileo noted it also has multiple targets at the companys Jimberlana and Mission Sill prospects, providing the opportunity for more discoveries. 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. l. The Fraser Range project consists of licences which are propspective for nickel, copper, and cobalt. 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. GAL News, Analysis, Announcements & Results | Galileo 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. Join our flagship membership service, Share Advisor. Galileo Mining Ltd is an Australia-based mining and exploration company. With over 5 km 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, said Underwood. For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) has fallen 7% in a year. Stock summary - Australian Stock Market - Small Caps Share Registry. 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 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. WebGalileo Mining Ltd (ASX:GAL) insider upped their holding earlier this year. By: Esmarie Iannucci IGO has reported EBITDA of $533 million and net profit after tax of $412 million for the March quarter. The company on Wednesday said that it has already received firm commitments for the placement. WebShares in Galileo Mining last closed at AU$0.70 and the price had moved by +191.67% over the past 365 days. ARTICLE ENQUIRY, To subscribe email subscriptions@creamermedia.co.za or click here Please enter the email address that you used to subscribe on Mining Weekly. 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. Shareholder Information - Galileo Mining In other words, the group stands to gain the most (or lose the most) from their investment into the company. Please read our Financial Services Guide before deciding whether to obtain financial services from us. Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. Hear our experts take on shares, the market & how to invest. May 1, 2023 | In their own names, insiders own AU$12m worth of stock in the AU$155m company. Shares in the base metals explorer are skyrocketing today. 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 The company explores for cobalt, nickel, lithium, and copper, as well as nickel sulphides. The billionaire prospector extraordinaire is credited with This website uses cookies so that we can provide you with the best user experience possible. WebGalileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. Past performance is not necessarily indicative of future returns. This represents an interest of 26.35%. The Galileo Mining Ltd(ASX: GAL) share price is soaring today on the back of a major discovery. Managing Director Brad Underwood is delighted with the placement and is looking forward to explore the Callisto discovery. Galileo Mining Our most recent data indicates that insiders own some shares in Galileo Mining Ltd. 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. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. The Company is engaged in the development and exploration of cobalt, nickel laterite and nickel-copper 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. Company Buyback. Note: Search is limited to the most recent 250 articles. Under the placement, Galileo will issue 17 million shares for $1.20 each. WebGalileo Mining Limited. We can see that individual investors own the lion's share in the company with 44% ownership. Learn More. It also reflects the success Legend had has with its systematic approach to exploration which has resulted in a string of impressive results, including recently from the Mawson discovery.