Galileo Mining Top 20 Shareholders, Best Macd Settings For 2 Minute Chart, Articles G

Legend and its respected two high-profile partners Rockford partners hold considerable expertise on Fraser Range district mineralisation styles. May 1, 2023 | This lithium giant could still have room to climb higher from current levels according to one broker. Public companies currently own 17% of Galileo Mining stock. James Mickleboro. The Motley Fool Australia has no position in any of the stocks mentioned. TO MAKE THE WORLD GALILEO MINING LTD : Forcasts, revenue, earnings, analysts expectations, ratios for GALILEO MINING LTD Stock | GAL | AU0000007510 Galileo Mining You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. The Galileo Mining share price soared 83% in the past year while it is up 116% year to date. 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. 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. Get in touch with us directly. Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 104, Isle of Capri, Qld 4217. Galileo said this shows the potential for a large mineralised system. 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. We note that hedge funds don't have a meaningful investment in Galileo Mining. So they generally do consider buying larger companies that are included in the relevant benchmark index. We take a look at how you could receive passive income from two iron ore miners. 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. The Motley Fool Australia operates under AFSL 400691. 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. The Galileo Mining Ltd(ASX: GAL) share price is soaring today on the back of a major discovery. The placement closed oversubscribed with cornerstone investments of $8.7 million by major shareholders Mark Creasy and IGO. Please enter the email address that you used to subscribe on Mining Weekly. Galileo Mining Ltd is an Australia-based mining and exploration company. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. 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. To make the world Smarter, Happier, And Richer. Advertising Cookies collect information about your browsing habits such as the pages you visit and links you follow. 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. 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. Galileo raises A$20.4m for exploration - Mining Weekly That is, insiders In comparison, the S&P/ASX 200 Materials Index (ASX: XMJ) is down 0.08% at the time of writing. The top 20 shareholders on listing held 57% of the stock. See historical performance and comparison, Metals and Mining Industry Average Movement. 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. 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. 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. WebInsiders were net buyers of Galileo Mining Ltd's ( ASX:GAL ) stock during the past year. 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.. Legend Mining prepares to test most exciting diamond drill Legend Mining talks Octagonal prospect potential at Rockford. GALILEO MINING LTD : Shareholders Board Members 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. According to a change of substantial holding notice, Mark Creasy has increased his stake by 3 million shares to 44,371,895 shares. 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. Investment news, stock ideas, and more, straight to your inbox. 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 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. We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Galileo Mining Ltd, GAL:ASX profile - FT.com - Financial Past performance is not necessarily indicative of future returns. Less than 5% of Galileo Mining is held by institutional investors. 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. Institutional investors commonly compare their own returns to the returns of a commonly followed index. 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 Galileo Mining Galileo Mining Ltd (ASX:GAL Contact Details: Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. Meanwhile, private companies make up 30% of the companys shareholders. The Fraser Range project consists of licences which are propspective for nickel, copper, and cobalt. Return vs Market: GAL exceeded the Australian Market which returned -5.5% over the past year. Galileo Mining Get Started Investing Some 170-million shares will be placed, at a price of A$1.20 a share under Galileos existing placement capacity. Share Registry. Return vs Industry: GAL exceeded the Australian Metals and Mining industry which returned -7.6% over the past year. The Galileo Mining Ltd ( ASX: GAL) share price is soaring today on the back of a major discovery. Australian Gold Resources Pty. 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. The Company is engaged in the development and exploration of cobalt, nickel laterite and Email: [emailprotected] Well supported successful mining investor Mark Creasy and major mining company IGO are the largest shareholders Full Company Profile Request Mining Companies Videos Currently Playing The Assay TV Brad Underwood, Chairman & Managing Director, Galileo Mining (ASX:GAL) 23/5/2022 Companies Like Galileo Mining (ASX:GAL) Are In A Position To Ownership Breakdown Dilution of Shares: Shareholders have been diluted in the Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. It's always worth thinking about the different groups who own shares in a company. The Motley Fool has a disclosure policy. The Company holds interest in the FSZ Resources Pty Ltd, NSZ Resources Pty Ltd, and the mining tenements that comprise the Norseman project. Any information that you receive via FT.com is at best delayed intraday data and not "real time". Top 20 Shareholders However, high insider ownership can also give immense power to a small group within the company. Simply Wall St has no position in any stocks mentioned. Market Indices, Commodities and Regulatory News Headlines copyright Morningstar. We aim to bring you long-term focused analysis driven by fundamental data. Should your cookies be reset then you may again use the drop-down menu to select a default region. Ltd. is currently the company's largest Galileo Mining than 75% of Australian stocks over the past 3 months. Our friendly customer service team will happily get back to you as soon as they can. The general public, who are usually individual investors, hold a 44% stake in Galileo Mining. Legend Mining continues evolution of the Mawson story with more massive sulphides intersected. Galileo Mining (GAL) has received firm commitments to raise $20.4 million for the Callisto palladium-nickel discovery within the Norseman project in WA. For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) has fallen 7% in a year. 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. 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 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 Some would say this shows alignment of interests between shareholders and the board, though we generally prefer to see bigger insider holdings. Legend Mining welcomes maiden nickel, copper and cobalt resource Legend Mining hits Octagonal running with seismic data acquisition. Already Galileos top shareholder after folding projects owned by his private Creasy Group at Norseman and the Fraser Range into the 2018 float, Creasy sent its shares soaring even further to a record 86c after buying 3 million on market in the wake of the Callisto discovery. Private companies may be related parties. Join Our Premium Community So if the company itself can improve over time, we may well see more institutional buyers in the future.