Past performance is not necessarily indicative of future returns. TO MAKE THE WORLD When not writing for Motley Fool Australia, Monica enjoys travel, sport, music, and likes to play the violin in her spare time. Terms of use. Select your default regional edition of MiningWeekly.com. Data delayed at least 20 minutes, as of May 01 2023 07:10 BST. 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. So they generally do consider buying larger companies that are included in the relevant benchmark index. Galileo Mining (ASX:GAL) sees increasing grades at Callisto discovery, WA Galileo Mining (GAL) has recorded increasing palladium, nickel and copper grades at Carolyn Rebeiro 04 January 2023 10:58 (AEST) 783 views 2 minute read ASX News Materials Galileo Mining (ASX:GAL) strikes high-grade nickel sulphide at Callisto, WA 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. You must be a registered user to save alerts. James Mickleboro. Join our flagship membership service, Share Advisor. We note that hedge funds don't have a meaningful investment in Galileo Mining. Galileo Mining Ltd Follow Mineral exploration. Galileo Mining Ltd is an Australia-based mining and exploration company. In addition, we found that Richard Underwood, the CEO has 4.4% of the shares allocated to their name. Australian Gold Resources Pty. 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 catalyst for the rise in the Galileo Mining share price on Monday has been news that one of the companys major shareholders has increased their stake. 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. Galileo Mining (ASX: GAL) latest news, share price, company information, stock chart and announcements on Australia's #1 site for investors, Small Caps. WebGalileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. For more information please see our Financial Services Guide. Listen to Our Podcast This website uses cookies so that we can provide you with the best user experience possible. Galileo Mining Ltd engages in the exploration of mineral deposits in Western Australia. 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. 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. Any information that you receive via FT.com is at best delayed intraday data and not "real time". Some would say this shows alignment of interests between shareholders and the board, though we generally prefer to see bigger insider holdings. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. 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. Our friendly customer service team will happily get back to you as soon as they can. 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. May 1, 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. All Rights Reserved - Proactive Australia PTY LTD ACN:132787654 ABN:19132787654. Brooke Cooper, April 30, 2023 | 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 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. GALILEO MINING LTD : Forcasts, revenue, earnings, analysts expectations, ratios for GALILEO MINING LTD Stock | GAL | AU0000007510 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. IGO has reported EBITDA of $533 million and net profit after tax of $412 million for the March quarter. The placement closed oversubscribed with cornerstone investments of $8.7 million by major shareholders Mark Creasy and IGO. Galileo noted it also has multiple targets at the companys Jimberlana and Mission Sill prospects, providing the opportunity for more discoveries. Get Started Investing The Norseman project consists of granted exploration licences and is prospective for cobalt and nickel. The Motley Fool Australia operates under AFSL 400691. The third reverse circulation drill program is scheduled to begin at the end of July with diamond drilling planned to commence in August. Simply Wall St has no position in any stocks mentioned. Galileo expects to begin a third RC program at the end of this month and will be followed by diamond drilling in August. 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. WebGalileo Mining Ltd is an Australia-based mining and exploration company. Ltd. is currently the company's largest In their own names, insiders own AU$12m worth of stock in the AU$155m company. ARTICLE ENQUIRY, To subscribe email subscriptions@creamermedia.co.za or click here We note that hedge funds don't have a meaningful investment in Galileo Mining. The Company is engaged in the development and exploration of cobalt, nickel laterite and Creamer Media Senior Deputy Editor: Australasia, ARTICLE ENQUIRY The Galileo Mining Ltd ( ASX: GAL) share price is soaring today on the back of a major discovery. Monica completed a cadetship in 2013. 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 Use our equities screener to discover other potential opportunities. Jul 4, 2022 Anthony Macdonald, WebGalileo Mining Ltd (ASX:GAL) insider upped their holding earlier this year. Why did the NAB share price smash the ASX 200 in April? 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. Please remember that investments can go up and down. Company Buyback. In the past month, the companys shares have rocketed 120% and are 106% higher in the past week alone. Galileo is exploring its 100% owned Norseman project in Western Australia. 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. l. The Fraser Range project consists of licences which are propspective for nickel, copper, and cobalt. Let's find out. Data delayed 15 minutes unless otherwise indicated. 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. 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. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. 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. Data as of May 01 2023. April 28, 2023 | See our Cookie Policy for more information. WebInsiders were net buyers of Galileo Mining Ltd's ( ASX:GAL ) stock during the past year. The Galileo Mining share price soared 83% in the past year while it is up 116% year to date. 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. Share Registry. 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. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. 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.. 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 Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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. These cookies are used to deliver our website and content. Under the placement, Galileo will issue 17 million shares for $1.20 Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. than 75% of Australian stocks over the past 3 months. 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. However, high insider ownership can also give immense power to a small group within the company. Click on the button below to clear your default MiningWeekly.com regional edition. Overview According to a change of substantial holding notice, Mark Creasy has increased his stake by 3 million shares to 44,371,895 shares. Registered Office. 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. 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. Monica has a keen interest in finance and the share market and enjoys exploring the highs and lows. James Mickleboro. 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. Learn More. Please sign in or register. The company explores for cobalt, nickel, lithium, and copper, as well as nickel sulphides. Galileo Mining Ltd engages in the exploration of mineral deposits in Western Australia. Data is 20 mins delayed. The general public, who are usually individual investors, hold a 44% stake in Galileo Mining. But it might be worth checking if those insiders have been selling. The billionaire prospector extraordinaire is credited with This article contains general investment advice only (under AFSL 400691). This holding is probably worth investigating further. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. But to understand Galileo Mining better, we need to consider many other factors. 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
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