Galileo Mining Ltd is an Australia-based mining and exploration company. Company Buyback. Galileo Mining Ltd is an Australia-based mining and exploration company. 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. 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. As far as we can tell there isn't analyst coverage of the company, so it is probably flying under the radar. 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. Ownership Breakdown Dilution of Shares: Shareholders have been diluted in the Why did the NAB share price smash the ASX 200 in April? The Company is engaged in the development and exploration of cobalt, nickel laterite and nickel-copper-cobalt sulphide projects in Western Australia. James Mickleboro. May 1, 2023 | We aim to bring you long-term focused analysis driven by fundamental data. Substantial Shareholders A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Companies Like Galileo Mining (ASX:GAL) Are In A Position To EMAILTHISARTICLE. 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. 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. 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 third reverse circulation drill program is scheduled to begin at the end of July with diamond drilling planned to commence in August. You must be a registered user to save alerts. This suggests that some funds have the company in their sights, but many have not yet bought shares in it. The companys shares are currently trading at 50 cents apiece, a 150% gain. Share Registry. Legend Mining prepares to test most exciting diamond drill Legend Mining talks Octagonal prospect potential at Rockford. 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. 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. The Company is engaged in the development and exploration of cobalt, nickel laterite and Shares in the base metals explorer are skyrocketing today. Australian Gold Resources Pty. Any information that you receive via FT.com is at best delayed intraday data and not "real time". Galileo Mining Ltd, GAL:ASX profile - FT.com - Financial The Galileo Mining Ltd(ASX: GAL) share price is soaring today on the back of a major discovery. Monica completed a cadetship in 2013. Receive daily sector news alerts. Insiders were net buyers of Galileo Mining Ltd's ( ASX:GAL ) stock during the past year. Ltd. is currently the company's largest 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. We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. 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. Galileo Mining 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. In comparison, the S&P/ASX 200 Materials Index (ASX: XMJ) is down 0.08% at the time of writing. Data is 20 mins delayed. Australian Gold Resources Pty. That is, insiders Galileo noted it also has multiple targets at the companys Jimberlana and Mission Sill prospects, providing the opportunity for more discoveries. May 1, 2023 | 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. Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Sign Up for Take Stock Australian Gold Resources Pty. Institutional investors commonly compare their own returns to the returns of a commonly followed index. These audience insights are used to make our website more relevant. The Motley Fool has a disclosure policy. 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. See historical performance and comparison, Metals and Mining Industry Average Movement. Get in touch with us directly. Creamer Media Senior Deputy Editor: Australasia, ARTICLE ENQUIRY Legend Mining welcomes maiden nickel, copper and cobalt resource Legend Mining hits Octagonal running with seismic data acquisition. In the last year, its cash burn was 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. Investment news, stock ideas, and more, straight to your inbox. WebGalileo Mining Limited. This represents an interest of 26.35%. Under the placement, Galileo will issue 17 million shares for $1.20 each. 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. Lessons from the Masters: Where is super prospector Mark Earnings have declined by 3.9% per year over past 5 years, Volatile share price over the past 3 months, Shareholders have been diluted in the past year, Capture your thoughts, links and company narrative. 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, For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) has fallen 7% in a year. Brooke Cooper, April 30, 2023 | 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. Mr Creasy continues to be the largest shareholder, controlling approximately 27.5 percent of the GALILEO MINING Galileo Mining Ltd (ASX:GAL Our latest articles and strategies for the post-work life you want. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Legend Mining continues evolution of the Mawson story with more massive sulphides intersected. Contact Details: The past revenue trajectory (shown below) can be an indication of future growth, but there are no guarantees. Galileo Mining These cookies are used to deliver our website and content. ARTICLE ENQUIRY, To subscribe email subscriptions@creamermedia.co.za or click here 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. Company Overview - Galileo Mining Your password will be sent to this address. It could be that they have de-merged. 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. 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 Strictly necessary cookies relate to our hosting environment, and functional cookies are used to facilitate social logins, social sharing and rich-media content embeds. Registered Office. For more information please see our Financial Services Guide. Ltd. is currently the company's largest shareholder with 21% of shares outstanding. Public companies currently own 17% of Galileo Mining stock. You can do it. Lets take a look at what Galileo Mining announced today. 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. 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Legendary explorer Mark Creasy is Galileo Minings biggest shareholder with nearly 25 per cent of the company. FT is not responsible for any use of content by you outside its scope as stated in the. Galileo Mining 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. However, high insider ownership can also give immense power to a small group within the company. Data delayed at least 20 minutes, as of May 01 2023 07:10 BST. Monica has a keen interest in finance and the share market and enjoys exploring the highs and lows. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Performance Cookies collect anonymous information designed to help us improve the site and respond to the needs of our audiences.
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