When not writing for Motley Fool Australia, Monica enjoys travel, sport, music, and likes to play the violin in her spare time. The Company is engaged in the development and exploration of cobalt, nickel laterite and nickel-copper-cobalt sulphide projects in Western Australia. Australian Gold Resources Pty. 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. In the chart below, we zoom in on the different ownership groups of Galileo Mining. 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 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Legend Mining continues evolution of the Mawson story with more massive sulphides intersected. Shareholder Information - Galileo Mining ARTICLE ENQUIRY, To subscribe email subscriptions@creamermedia.co.za or click here The company on Wednesday said that it has already received firm commitments for the placement. Galileo Mining Share Price - ASX:GAL Stock Research | Stockopedia April 28, 2023 | Galileo Mining has amarket capitalisationof about $81 million. 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. This website uses cookies so that we can provide you with the best user experience possible. You can do it. Share price information may be rounded up/down and therefore not entirely accurate. 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. 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 Mining The Norseman project consists of granted exploration licences and is prospective for cobalt and nickel. 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. 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. The past revenue trajectory (shown below) can be an indication of future growth, but there are no guarantees. Top 20 By Shareholder. Galileo 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. Under the placement, Galileo will issue 17 million shares for $1.20 WebThe current holdings of RMI directors. Webshareholders including Mark Creasy (approximately 31%), Independence Group (4.9%) and Chris Ellison (4.2%). Stable Share Price: GAL is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 12% a week. We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. Phone: (03) 8592 4841 Mr Creasy continues to be the largest shareholder, controlling approximately 27.5 percent of the The Galileo Mining Ltd(ASX: GAL) share price is soaring today on the back of a major discovery. You must be a registered user to save alerts. 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 Select your default regional edition of MiningWeekly.com. 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. Any information that you receive via FT.com is at best delayed intraday data and not "real time". 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. Subscriptions are available via the Creamer Media Store. 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. Registered Office. Jul 4, 2022 Anthony Macdonald, Market Indices, Commodities and Regulatory News Headlines copyright Morningstar. Bronwyn Allen. The Company is engaged in the development and exploration of cobalt, nickel laterite and Galileo Mining This holding is probably worth investigating further. Companies Like Galileo Mining (ASX:GAL) Are In A Position To 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. Advertising Cookies collect information about your browsing habits such as the pages you visit and links you follow. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Stock summary - Australian Stock Market - Small Caps This can be negative in some circumstances. 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 Join our flagship membership service, Share Advisor. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Galileo is exploring its 100% owned Norseman project in Western Australia. This may not be consistent with full year annual report figures. Creamer Media Senior Deputy Editor: Australasia, ARTICLE ENQUIRY 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. To make the world Smarter, Happier, And Richer. The third reverse circulation drill program is scheduled to begin at the end of July with diamond drilling planned to commence in August. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. has decreased from 36% to 12% over the past year, but is still higher than 75% of Australian stocks. Some 170-million shares will be placed, at a price of A$1.20 a share under Galileos existing placement capacity. It could be that they have de-merged. Galileo Mining (GAL) has received firm commitments to raise $20.4 million for the Callisto palladium-nickel discovery within the Norseman project in WA. WebGalileo Mining Ltd is an Australia-based mining and exploration company. Lessons from the Masters: Where is super prospector Mark 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. Hear our experts take on shares, the market & how to invest. For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) has fallen 7% in a year. The company was originally privately owned by renowned prospector Mr Mark Creasy, and Galileo Managing Director Mr Brad Underwood spent eight years as General Manager of the Creasy Groups exploration at the Fraser Range and at Norseman. Galileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. Top 20 Shareholders WebName No. Australian Gold Resources Pty. 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. Galileo Mining Investor Webinar - YouTube But to understand Galileo Mining better, we need to consider many other factors. James Mickleboro. For more information please see our Financial Services Guide. 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. Contact Details: To that end, you should learn about the 4 warning signs we've spotted with Galileo Mining (including 2 which are concerning) . This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. Learn More. The placement will increase Galileos total cash balance to around $26.5 million. When multiple institutional investors want to buy shares, we often see a rising share price. Galileo Mining Ltd, GAL:ASX profile - FT.com - Financial The company explores for cobalt, nickel, lithium, and copper, as well as nickel sulphides. Resource Mining Corporation Ltd Shareholder Information - Galileo Mining WebGalileo Mining Limited. 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. Our latest articles and strategies for the post-work life you want. 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. See historical performance and comparison, Metals and Mining Industry Average Movement. Get in touch with us directly. Galileo Mining ASX:GAL Stock Report - Simply Wall St Under the placement, Galileo will issue 17 million shares for $1.20 each. Email: [emailprotected] Insider ownership is positive when it signals leadership are thinking like the true owners of the company. The Company's flagship projects are the Norseman and Fraser Range projects. WebGalileo Mining Ltd (ASX:GAL) insider upped their holding earlier this year. Performance Cookies collect anonymous information designed to help us improve the site and respond to the needs of our audiences. Private companies may be related parties. 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. Legendary explorer Mark Creasy is Galileo Minings biggest shareholder with nearly 25 per cent of the company. Public companies currently own 17% of Galileo Mining stock. WebGalileo Mining Limited. GALILEO MINING Galileo Mining Ltd engages in the exploration of mineral deposits in Western Australia. Sign Up for Take Stock Legend Mining two major partners remain at top of shareholder But it might be worth checking if those insiders have been selling. In May 2022 Galileo made a major Palladium-Platinum discovery at Callisto on the Norseman Project and is currently undertaking a resource drill out with numerous areas having potential for further PGE, nickel, copper and cobalt discoveries. The Fraser Range Project covers two zones of the extensive Fraser Range geological belt. 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. IGO and mining billionaire Mark Creasy are expected to cornerstone WA cobalt and nickel explorer Galileo Minings share placement. Taking note of what the big end of town is doing can provide insights for ordinary ASX shares investors.
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