You can do it. These cookies are used to deliver our website and content. 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. Creasy Group has a 26.66% holding in Legend while IGO's stake stands at 14.12%. Brooke Cooper, April 30, 2023 | 337927). Win at Retirement Mr Creasy continues to be the largest shareholder, controlling approximately 27.5 percent of the These audience insights are used to make our website more relevant. l. The Fraser Range project consists of licences which are propspective for nickel, copper, and cobalt. We look forward to updating the market as work progresses on this exciting new West Australian discovery. For more information please see our Financial Services Guide. Insiders were net buyers of Galileo Mining Ltd's ( ASX:GAL ) stock during the past year. Substantial Shareholders A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. So if the company itself can improve over time, we may well see more institutional buyers in the future. On the market this morning, Galileo were up 1.13 per cent and trading at $1.31 per share at 11:22 am AEST. SAVE THIS ARTICLE This website uses cookies so that we can provide you with the best user experience possible. It could be that they have de-merged. 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. Galileo Mining discovered significant palladium, platinum, copper, gold, and nickel mineralisation at the Norseman project in Western Australia. Please remember that investments can go up and down. Lets take a look at what Galileo Mining announced today. When not writing for Motley Fool Australia, Monica enjoys travel, sport, music, and likes to play the violin in her spare time. Galileo noted it also has multiple targets at the companys Jimberlana and Mission Sill prospects, providing the opportunity for more discoveries. When multiple institutional investors want to buy shares, we often see a rising share price. WebShares in Galileo Mining last closed at AU$0.70 and the price had moved by +191.67% over the past 365 days. Galileo Mining (GAL) has received firm commitments to raise $20.4 million for the Callisto palladium-nickel discovery within the Norseman project in WA. Galileo Mining This may be a strategic interest and the two companies may have related business interests. Concerned about the content? GAL News, Analysis, Announcements & Results | Galileo than 75% of Australian stocks over the past 3 months. With 17% and 6.5% of the shares outstanding respectively, IGO Limited and Yandal Investments Pty Ltd are the second and third largest shareholders. 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.. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. GALILEO MINING GAL $ 0.790 -0.040 -4.82% Data last updated: Apr 28, 2023 3.56pm. Bronwyn Allen. Galileo Mining ASX:GAL Stock Report - Simply Wall St The Galileo Mining Ltd(ASX: GAL) share price is soaring today on the back of a major discovery. Lessons from the Masters: Where is super prospector Mark The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. Taking note of what the big end of town is doing can provide insights for ordinary ASX shares investors. Legend Mining prepares to test most exciting diamond drill Legend Mining talks Octagonal prospect potential at Rockford. Our latest articles and strategies for the post-work life you want. Subscriptions are available via the Creamer Media Store. 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. Companies Like Galileo Mining (ASX:GAL) Are In A Position To Performance Cookies collect anonymous information designed to help us improve the site and respond to the needs of our audiences. ARTICLE ENQUIRY, To subscribe email subscriptions@creamermedia.co.za or click here 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. Less than 5% of Galileo Mining is held by institutional investors. 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. 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. Meanwhile, private companies make up 30% of the companys shareholders. Galileo Mining Strictly necessary cookies relate to our hosting environment, and functional cookies are used to facilitate social logins, social sharing and rich-media content embeds. Get Started Investing Note: Search is limited to the most recent 250 articles. 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. Galileo Mining Ltd engages in the exploration of mineral deposits in Western Australia. Galileo Mining Investor Webinar - YouTube The Fraser Range project consists of licences which are propspective for nickel, copper, and cobalt. 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. The placement will increase Galileos total cash balance to around $26.5 million. Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 104, Isle of Capri, Qld 4217. Australian Gold Resources Pty. We note that hedge funds don't have a meaningful investment in Galileo Mining. May 1, 2023 | 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 Ltd. is currently the company's largest shareholder with 21% of shares outstanding. Some 170-million shares will be placed, at a price of A$1.20 a share under Galileos existing placement capacity. WebGalileo Mining Limited. The past revenue trajectory (shown below) can be an indication of future growth, but there are no guarantees. It's always worth thinking about the different groups who own shares in a company. 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. 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. 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 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. 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. 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. Any information that you receive via FT.com is at best delayed intraday data and not "real time". 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. James Mickleboro. Your password will be sent to this address. WebInsider Buying: GAL insiders have bought more shares than they have sold in the past 3 months. For story tips and broker tips, email me at, By clicking this button, you agree to our, Galileo Mining share price explodes 150% on major discovery, How Id generate $400 in monthly passive income from 2 ASX 200 iron ore shares. The Galileo Mining Ltd ( ASX: GAL) share price is soaring today on the back of a major discovery. Authorised by Scott Phillips. Ltd. is currently the company's largest shareholder with 21% of shares outstanding. Market Indices, Commodities and Regulatory News Headlines copyright Morningstar. Galileo Mining (ASX: GAL) latest news, share price, company information, stock chart and announcements on Australia's #1 site for investors, Small Caps. GALILEO MINING LTD : Shareholders Board Members This suggests that some funds have the company in their sights, but many have not yet bought shares in it. Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. This article contains general investment advice only (under AFSL 400691). Learn about investing with our Investing Education hub. Please enter the email address that you used to subscribe on Mining Weekly. Advertising Cookies collect information about your browsing habits such as the pages you visit and links you follow. To that end, you should learn about the 4 warning signs we've spotted with Galileo Mining (including 2 which are concerning) . The company explores for cobalt, nickel, lithium, and copper, as well as nickel sulphides. The Norseman project consists of granted exploration licences and is prospective for cobalt and nickel. Company Overview - Galileo Mining May 1, 2023 | The Motley Fool Australia has no position in any of the stocks mentioned. Under the placement, Galileo will issue 17 million shares for $1.20 In their own names, insiders own AU$12m worth of stock in the AU$155m company. Profile data is unavailable for this security. 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. separate emails by commas, maximum limit of 4 addresses, 6th July 2022 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 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. WebThe current holdings of RMI directors. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs.