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. 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. This holding is probably worth investigating further. Galileo Mining Please remember that investments can go up and down. Galileo Mining Ltd engages in the exploration of mineral deposits in Western Australia. WebGalileo Mining Ltd is an Australia-based mining and exploration company. Legend Mining welcomes maiden nickel, copper and cobalt resource Legend Mining hits Octagonal running with seismic data acquisition. 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 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. The Galileo Mining Ltd(ASX: GAL) share price is soaring today on the back of a major discovery. The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. Creasy Group has a 26.66% holding in Legend while IGO's stake stands at 14.12%. This suggests that some funds have the company in their sights, but many have not yet bought shares in it. 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. SMARTER, HAPPIER, AND RICHER. The companys shares are currently trading at 50 cents apiece, a 150% gain. 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. 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. 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: Let's find out. 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. Overview It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library. Under the placement, Galileo will issue 17 million shares for $1.20 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. See historical performance and comparison, Metals and Mining Industry Average Movement. 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. Shareholder Information - Galileo Mining Monica completed a cadetship in 2013. The Company holds interest in the FSZ Resources Pty Ltd, NSZ Resources Pty Ltd, and the mining tenements that comprise the Norseman project. This article contains general investment advice only (under AFSL 400691). GAL $ 0.790 -0.040 -4.82% Data last updated: Apr 28, 2023 3.56pm. Galileo Mining Ltd (ASX:GAL James Mickleboro. 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 May 1, 2023 | WebGalileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. Strong support for the placement validates the company's strategy of striving to replicate the success of Creasy Group and IGO in the prolific Fraser Range. James Mickleboro. Past performance is not necessarily indicative of future returns. 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. By: Esmarie Iannucci 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. GALILEO MINING LTD : Shareholders Board Members April 28, 2023 | Hear our experts take on shares, the market & how to invest. The billionaire prospector extraordinaire is credited with The Norseman project consists of granted exploration licences and is prospective for cobalt and nickel. Galileo Mining (GAL) has received firm commitments to raise $20.4 million for the Callisto palladium-nickel discovery within the Norseman project in WA. 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 use this information to make our site faster, more relevant and improve the navigation for all users. Galileo said this shows the potential for a large mineralised system. 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. Private companies may be related parties. Company Overview - Galileo Mining Legendary explorer Mark Creasy is Galileo Minings biggest shareholder with nearly 25 per cent of the 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. Monica O'Shea. To that end, you should learn about the 4 warning signs we've spotted with Galileo Mining (including 2 which are concerning) . Galileo Mining Investor Webinar - YouTube l. The Fraser Range project consists of licences which are propspective for nickel, copper, and cobalt. 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. In comparison, the S&P/ASX 200 Materials Index (ASX: XMJ) is down 0.08% at the time of writing. The Motley Fool Australia does not guarantee the performance of, or returns on any investment. You can do it. 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 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. 337927). Simply Wall St has no position in any stocks mentioned. Goldman Sachs says these are the lithium shares to buy due to a 'game changing' technology. To make the world Smarter, Happier, And Richer. 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. The Galileo Mining Ltd ( ASX: GAL) share price is soaring today on the back of a major discovery. In addition, we found that Richard Underwood, the CEO has 4.4% of the shares allocated to their name. Get in touch with us directly. The top 20 shareholders on listing held 57% of the stock. Our friendly customer service team will happily get back to you as soon as they can. Copyright Proactive Group Holdings Inc, 2023. Top 20 Shareholders These cookies are used to deliver our website and content. Insiders were net buyers of Galileo Mining Ltd's ( ASX:GAL ) stock during the past year. 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. 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. When multiple institutional investors want to buy shares, we often see a rising share price. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. The past revenue trajectory (shown below) can be an indication of future growth, but there are no guarantees. The Galileo Mining share price soared 83% in the past year while it is up 116% year to date. GALILEO MINING Galileo Mining Ltd Follow Mineral exploration. separate emails by commas, maximum limit of 4 addresses, 6th July 2022 Galileo Mining Galileo Mining Substantial Shareholders A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Data as of May 01 2023. Contact Details: The company explores for cobalt, nickel, lithium, and copper, as well as nickel sulphides. Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 104, Isle of Capri, Qld 4217. Galileo Mining Ltd is an Australia-based mining and exploration company. Stock summary - Australian Stock Market - Small Caps Galileo Mining Shareholder Information - Galileo Mining The Company is engaged in the development and exploration of cobalt, nickel laterite and Galileo noted it also has multiple targets at the companys Jimberlana and Mission Sill prospects, providing the opportunity for more discoveries. GALILEO MINING LTD : Forcasts, revenue, earnings, analysts expectations, ratios for GALILEO MINING LTD Stock | GAL | AU0000007510 Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Our data indicates that Private Companies hold 30%, of the company's shares. The Company is engaged in the development and exploration of cobalt, nickel laterite and nickel-copper-cobalt sulphide projects in Western Australia. 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. Galileo Mining Ltd (GAL.AX) - Yahoo! These audience insights are used to make our website more relevant. Galileo Mining 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. All content on FT.com is for your general information and use only and is not intended to address your particular requirements. 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. Why did the NAB share price smash the ASX 200 in April? 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. See our latest analysis for Galileo Mining. Resource Mining Corporation Ltd Taking note of what the big end of town is doing can provide insights for ordinary ASX shares investors. Subscriptions are available via the Creamer Media Store. The Company's flagship projects are the Norseman and Fraser Range projects. Public companies currently own 17% of Galileo Mining stock. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. In the last year, its cash burn was Data delayed 15 minutes unless otherwise indicated. 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. 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. Share price information may be rounded up/down and therefore not entirely accurate. Australian Gold Resources Pty. Our most recent data indicates that insiders own some shares in Galileo Mining Ltd. Data is 20 mins delayed. Galileo Mining The Motley Fool Australia operates under AFSL 400691. 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. Some would say this shows alignment of interests between shareholders and the board, though we generally prefer to see bigger insider holdings. Listen to Our Podcast Email: [emailprotected] 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. So if the company itself can improve over time, we may well see more institutional buyers in the future. Shareholder Info Top 20 Shareholders About the Data Shareholder Distribution As reported in the most recent Annual Report. Get Started Investing 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. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. SAVE THIS ARTICLE 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. 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. Analysts have been running the rule over this lithium giant's latest update. 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. 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. So they generally do consider buying larger companies that are included in the relevant benchmark index. 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. All Rights Reserved - Proactive Australia PTY LTD ACN:132787654 ABN:19132787654. 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. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. WebGalileo Mining Limited. This may not be consistent with full year annual report figures. Top 20 By Shareholder. Any information that you receive via FT.com is at best delayed intraday data and not "real time". Mr Creasy continues to be the largest shareholder, controlling approximately 27.5 percent of the Brooke Cooper, April 30, 2023 | Galileo has 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. WebShares in Galileo Mining last closed at AU$0.70 and the price had moved by +191.67% over the past 365 days.
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