Get in touch with us directly. Authorised by Scott Phillips. You must be a registered user to save alerts. Creasys Nova-Bollinger discovery helped start what is known as the Great Nickel Rush on Fraser Range. 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. Your password will be sent to this address. Legend Mining prepares to test most exciting diamond drill Legend Mining talks Octagonal prospect potential at Rockford. 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. Concerned about the content? According to a change of substantial holding notice, Mark Creasy has increased his stake by 3 million shares to 44,371,895 shares. The Company holds interest in the FSZ Resources Pty Ltd, NSZ Resources Pty Ltd, and the mining tenements that comprise the Norseman project. Should your cookies be reset then you may again use the drop-down menu to select a default region. has decreased from 36% to 12% over the past year, but is still higher than 75% of Australian stocks. Subscriptions are available via the Creamer Media Store. Monica O'Shea. Ltd. is currently the company's largest shareholder with 21% of shares outstanding. Analysts have been running the rule over this lithium giant's latest update. The company explores for cobalt, nickel, lithium, and copper, as well as nickel sulphides. 2010 - 2023 The Motley Fool Australia Pty Ltd. All rights reserved. than 75% of Australian stocks over the past 3 months. 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. We look forward to updating the market as work progresses on this exciting new West Australian discovery. 13 Colin Street West Perth WA 6000 . Why did the NAB share price smash the ASX 200 in April? This may be a strategic interest and the two companies may have related business interests. Hear our experts take on shares, the market & how to invest. l. The Fraser Range project consists of licences which are propspective for nickel, copper, and cobalt. Galileo Mining (ASX: GAL) latest news, share price, company information, stock chart and announcements on Australia's #1 site for investors, Small Caps. Creamer Media Senior Deputy Editor: Australasia, ARTICLE ENQUIRY Data delayed 15 minutes unless otherwise indicated. By: Esmarie Iannucci Mr Creasy continues to be the largest shareholder, controlling approximately 27.5 percent of the ARTICLE ENQUIRY, To subscribe email subscriptions@creamermedia.co.za or click here Company Buyback. It could be that they have de-merged. Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. 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. 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. Galileo Mining is an ASX-listed company (ASX: GAL) focussed on the discovery of base metals in Western Australia. This suggests that some funds have the company in their sights, but many have not yet bought shares in it. 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. Galileo Mining Ltd is an Australia-based mining and exploration company. The top 20 shareholders on listing held 57% of the stock. Ownership Breakdown Dilution of Shares: Shareholders have been diluted in the The Company is engaged in the development and exploration of cobalt, nickel laterite and nickel-copper-cobalt sulphide projects in Western Australia. Copyright Proactive Group Holdings Inc, 2023. Use our equities screener to discover other potential opportunities. 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. Mark Creasy has upped his stake in Galileo Mining after its big Callisto palladium discovery last week. Galileo Mining Ltd is an Australia-based mining and exploration company. 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. See historical performance and comparison, Metals and Mining Industry Average Movement. Data as of May 01 2023. As far as we can tell there isn't analyst coverage of the company, so it is probably flying under the radar. This may not be consistent with full year annual report figures. You can do it. 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. The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. Ltd. is currently the company's largest Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. 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. We also observed that the top 6 shareholders account for more than half of the share register, with a few smaller shareholders to balance the interests of the larger ones to a certain extent. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Legend Mining welcomes maiden nickel, copper and cobalt resource Legend Mining hits Octagonal running with seismic data acquisition. Top 20 By Shareholder. So they generally do consider buying larger companies that are included in the relevant benchmark index. WebGalileo Mining Ltd is an Australia-based mining and exploration company. May 1, 2023 | We note that hedge funds don't have a meaningful investment in Galileo Mining. 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 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. Advertising Cookies collect information about your browsing habits such as the pages you visit and links you follow. Click on the button below to clear your default MiningWeekly.com regional edition. 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. Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 104, Isle of Capri, Qld 4217. The Fraser Range project consists of licences which are propspective for nickel, copper, and cobalt. Overview Legendary explorer Mark Creasy is Galileo Minings biggest shareholder with nearly 25 per cent of the company. Some would say this shows alignment of interests between shareholders and the board, though we generally prefer to see bigger insider holdings. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. Australian Gold Resources Pty. All Rights Reserved - Proactive Australia PTY LTD ACN:132787654 ABN:19132787654. Legend and its respected two high-profile partners Rockford partners hold considerable expertise on Fraser Range district mineralisation styles. Creasy Group has a 26.66% holding in Legend while IGO's stake stands at 14.12%. Select your default regional edition of MiningWeekly.com. Galileo Mining Ltd Follow Mineral exploration. Lets take a look at what Galileo Mining announced today. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research. The Company is engaged in the development and exploration of cobalt, nickel laterite and nickel-copper 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. April 28, 2023 | 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. 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 We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. 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. Under the placement, Galileo will issue 17 million shares for $1.20 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. Let's find out. But it might be worth checking if those insiders have been selling. The company on Wednesday said that it has already received firm commitments for the placement. 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. The placement closed oversubscribed with cornerstone investments of $8.7 million by major shareholders Mark Creasy and IGO. Simply Wall St has no position in any stocks mentioned. Any information that you receive via FT.com is at best delayed intraday data and not "real time". Performance Cookies collect anonymous information designed to help us improve the site and respond to the needs of our audiences. SMARTER, HAPPIER, AND RICHER. Learn More. The Motley Fool Australia has no position in any of the stocks mentioned. The companys shares are currently trading at 50 cents apiece, a 150% gain. Jul 4, 2022 Anthony Macdonald, Galileo Mining discovered significant palladium, platinum, copper, gold, and nickel mineralisation at the Norseman project in Western Australia. Sign Up for Take Stock Brooke Cooper, April 30, 2023 | Galileo expects to begin a third RC program at the end of this month and will be followed by diamond drilling in August. Do the positives outweigh the negatives with BHP's shares? The Motley Fool Australia does not guarantee the performance of, or returns on any investment. When multiple institutional investors want to buy shares, we often see a rising share price. Galileo Mining Ltd engages in the exploration of mineral deposits in Western Australia. But to understand Galileo Mining better, we need to consider many other factors. Legend Mining continues evolution of the Mawson story with more massive sulphides intersected. 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 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. 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. 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. In addition, we found that Richard Underwood, the CEO has 4.4% of the shares allocated to their name. Note: Search is limited to the most recent 250 articles. Webshareholders including Mark Creasy (approximately 31%), Independence Group (4.9%) and Chris Ellison (4.2%). Profile data is unavailable for this security. The past revenue trajectory (shown below) can be an indication of future growth, but there are no guarantees. Automic Group Level 5, 191 St Georges Terrace Perth WA 6000 P: 1300 288 644 (within Australia) Listen to Our Podcast It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Get Started Investing 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 IGO has reported EBITDA of $533 million and net profit after tax of $412 million for the March quarter. Email: [emailprotected] WebGalileo Mining Limited. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. GAL $ 0.790 -0.040 -4.82% Data last updated: Apr 28, 2023 3.56pm. WebGalileo Mining Ltd (ASX:GAL) insider upped their holding earlier this year. WebThe current holdings of RMI directors. The Company is engaged in the development and exploration of cobalt, nickel laterite and Please enter the email address that you used to subscribe on Mining Weekly. Data is 20 mins delayed. In comparison, the S&P/ASX 200 Materials Index (ASX: XMJ) is down 0.08% at the time of writing. 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. Institutional investors commonly compare their own returns to the returns of a commonly followed index. 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. All content on FT.com is for your general information and use only and is not intended to address your particular requirements. 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. Data delayed at least 20 minutes, as of May 01 2023 07:10 BST. We respectfully acknowledge the Traditional Custodians of the land where we live and work and pay our respects to all Elders, past and present, of all Aboriginal and Torres Strait Islander nations. 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. WebInsiders were net buyers of Galileo Mining Ltd's ( ASX:GAL ) stock during the past year. Monica completed a cadetship in 2013. 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: When you select a default region you will be directed to the MiningWeekly.com home page of your choice whenever you visit miningweekly.com. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. TO MAKE THE WORLD Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Insiders were net buyers of Galileo Mining Ltd's ( ASX:GAL ) stock during the past year. 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. 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. 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 MINING LTD : Forcasts, revenue, earnings, analysts expectations, ratios for GALILEO MINING LTD Stock | GAL | AU0000007510 This can be negative in some circumstances. 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 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. 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. The Motley Fool has a disclosure policy. 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. Our most recent data indicates that insiders own some shares in Galileo Mining Ltd. Strictly necessary cookies relate to our hosting environment, and functional cookies are used to facilitate social logins, social sharing and rich-media content embeds. If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, backed by strong financial data. The Company's flagship projects are the Norseman and Fraser Range projects. May 1, 2023 | Galileo noted it also has multiple targets at the companys Jimberlana and Mission Sill prospects, providing the opportunity for more discoveries. In the chart below, we zoom in on the different ownership groups of Galileo Mining. 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. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. We note that hedge funds don't have a meaningful investment in Galileo Mining. 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. 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. WebGalileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. Legends successes at Rockford, and in particular Mawson, have attracted strong attention around Australia, including from its high-profile partners who continue to support the companys endeavours. April 29, 2023 | 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. That is, insiders We aim to bring you long-term focused analysis driven by fundamental data. This article contains general investment advice only (under AFSL 400691). 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. SAVE THIS ARTICLE When not writing for Motley Fool Australia, Monica enjoys travel, sport, music, and likes to play the violin in her spare time. The Motley Fool Australia operates under AFSL 400691. Share Registry. 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. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. 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 third reverse circulation drill program is scheduled to begin at the end of July with diamond drilling planned to commence in August. The Galileo Mining share price soared 83% in the past year while it is up 116% year to date. The general public, who are usually individual investors, hold a 44% stake in Galileo Mining. Australian Gold Resources Pty. 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. Share price information may be rounded up/down and therefore not entirely accurate. 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. 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, 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.
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