galileo mining top 20 shareholders

WebShares in Galileo Mining last closed at AU$0.70 and the price had moved by +191.67% over the past 365 days. Galileo expects to begin a third RC program at the end of this month and will be followed by diamond drilling in August. 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. The third reverse circulation drill program is scheduled to begin at the end of July with diamond drilling planned to commence in August. The Company is engaged in the development and exploration of cobalt, nickel laterite and nickel-copper 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. Authorised by Scott Phillips. The Top 20 Shareholders of GAL hold 0% of shares on issue. As reported in the most recent Annual Report. A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list. 337927). 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. Subscriptions are available via the Creamer Media Store. Jul 4, 2022 Anthony Macdonald, James Mickleboro. Hear our experts take on shares, the market & how to invest. Terms of use. 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. Return vs Industry: GAL exceeded the Australian Metals and Mining industry which returned -7.6% over the past year. But to understand Galileo Mining better, we need to consider many other factors. With 17% and 6.5% of the shares outstanding respectively, IGO Limited and Yandal Investments Pty Ltd are the second and third largest shareholders. Legend Mining prepares to test most exciting diamond drill Legend Mining talks Octagonal prospect potential at Rockford. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Learn about investing with our Investing Education hub. May 1, 2023 | Shares in the base metals explorer are skyrocketing today. To make the world Smarter, Happier, And Richer. 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. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Return vs Market: GAL exceeded the Australian Market which returned -5.5% over the past year. The company explores for cobalt, nickel, lithium, and copper, as well as nickel sulphides. Mr Creasy continues to be the largest shareholder, controlling approximately 27.5 percent of the 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 each. Taking note of what the big end of town is doing can provide insights for ordinary ASX shares investors. We note that hedge funds don't have a meaningful investment in Galileo Mining. 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. Substantial Shareholders A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. In their own names, insiders own AU$12m worth of stock in the AU$155m company. Let's find out. This website uses cookies so that we can provide you with the best user experience possible. 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. 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. 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. The Galileo Mining Ltd ( ASX: GAL) share price is soaring today on the back of a major discovery. Share price information may be rounded up/down and therefore not entirely accurate. Our most recent data indicates that insiders own some shares in Galileo Mining Ltd. By: Esmarie Iannucci Please sign in or register. 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. Creamer Media Senior Deputy Editor: Australasia, ARTICLE ENQUIRY Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. The placement closed oversubscribed with cornerstone investments of $8.7 million by major shareholders Mark Creasy and IGO. Legendary explorer Mark Creasy is Galileo Minings biggest shareholder with nearly 25 per cent of the company. Get in touch with us directly. 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. The Company's flagship projects are the Norseman and Fraser Range projects. GALILEO MINING LTD : Forcasts, revenue, earnings, analysts expectations, ratios for GALILEO MINING LTD Stock | GAL | AU0000007510 Australian Gold Resources Pty. As far as we can tell there isn't analyst coverage of the company, so it is probably flying under the radar. Sign Up for Take Stock l. The Fraser Range project consists of licences which are propspective for nickel, copper, and cobalt. 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 is exploring its 100% owned Norseman project in Western Australia. 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. Learn More. Strictly necessary cookies relate to our hosting environment, and functional cookies are used to facilitate social logins, social sharing and rich-media content embeds. The Company is engaged in the development and exploration of cobalt, nickel laterite and Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. This can be negative in some circumstances. 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 top 20 shareholders on listing held 57% of the stock. These audience insights are used to make our website more relevant. Monica has a keen interest in finance and the share market and enjoys exploring the highs and lows. These cookies are used to deliver our website and content. 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. However, high insider ownership can also give immense power to a small group within the company. 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. James Mickleboro. On the market this morning, Galileo were up 1.13 per cent and trading at $1.31 per share at 11:22 am AEST. Managing Director Brad Underwood is delighted with the placement and is looking forward to explore the Callisto discovery. Galileo said this shows the potential for a large mineralised system. Goldman Sachs says these are the lithium shares to buy due to a 'game changing' technology. Please remember that investments can go up and down. Past performance is not necessarily indicative of future returns. 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. Ltd. is currently the company's largest shareholder with 21% of shares outstanding. Investment news, stock ideas, and more, straight to your inbox. TO MAKE THE WORLD In the last year, its cash burn was 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. The past revenue trajectory (shown below) can be an indication of future growth, but there are no guarantees. Our latest articles and strategies for the post-work life you want. It's always worth thinking about the different groups who own shares in a company. When not writing for Motley Fool Australia, Monica enjoys travel, sport, music, and likes to play the violin in her spare time. Insiders were net buyers of Galileo Mining Ltd's ( ASX:GAL ) stock during the past year. That is, insiders In addition, we are waiting for the assay results from the first four drill holes of the present drill program which are expected to be returned from the laboratory shortly. Lets take a look at what Galileo Mining announced today. This represents an interest of 26.35%. Australian Gold Resources Pty. Galileo Mining Ltd engages in the exploration of mineral deposits in Western Australia. 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. This article contains general investment advice only (under AFSL 400691). 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 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 170-million shares will be placed, at a price of A$1.20 a share under Galileos existing placement capacity. Galileo Mining Ltd Follow Mineral exploration. Our data indicates that Private Companies hold 30%, of the company's shares. WebThe current holdings of RMI directors. Please enter the email address that you used to subscribe on Mining Weekly. Webshareholders including Mark Creasy (approximately 31%), Independence Group (4.9%) and Chris Ellison (4.2%). The placement will increase Galileos total cash balance to around $26.5 million. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research. Data is 20 mins delayed. separate emails by commas, maximum limit of 4 addresses, 6th July 2022 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. 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. Should your cookies be reset then you may again use the drop-down menu to select a default region. The Company holds interest in the FSZ Resources Pty Ltd, NSZ Resources Pty Ltd, and the mining tenements that comprise the Norseman project. We look forward to updating the market as work progresses on this exciting new West Australian discovery. WebGalileo Mining Ltd is an Australia-based mining and exploration company. We note that hedge funds don't have a meaningful investment in Galileo Mining. Analysts have been running the rule over this lithium giant's latest update. 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. Contact Details: In other words, the group stands to gain the most (or lose the most) from their investment into the company. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. Australian Gold Resources Pty. Galileo noted it also has multiple targets at the companys Jimberlana and Mission Sill prospects, providing the opportunity for more discoveries. IGO has reported EBITDA of $533 million and net profit after tax of $412 million for the March quarter. 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 Motley Fool Australia operates under AFSL 400691. 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. Copyright Proactive Group Holdings Inc, 2023. The Fraser Range project consists of licences which are propspective for nickel, copper, and cobalt. Galileo Mining Ltd is an Australia-based mining and exploration company. The general public, who are usually individual investors, hold a 44% stake in Galileo Mining. Overview All Rights Reserved - Proactive Australia PTY LTD ACN:132787654 ABN:19132787654. Stable Share Price: GAL is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 12% a week. 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.

Is Letitia James Jamaican, Articles G