Galileo Mining When not writing for Motley Fool Australia, Monica enjoys travel, sport, music, and likes to play the violin in her spare time. Galileo Mining 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. WebInsiders were net buyers of Galileo Mining Ltd's ( ASX:GAL ) stock during the past year. 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 (ASX:GAL This represents an interest of 26.35%. The billionaire prospector extraordinaire is credited with 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 Galileo Mining Ltd is an Australia-based mining and exploration company. This holding is probably worth investigating further. 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 The high level of interest has allowed us to complete the A$20.4-million placement with A$8.7-million of the funds coming from our major shareholders, Mark Creasy and IGO. Hear our experts take on shares, the market & how to invest. Top 20 By Shareholder. The past revenue trajectory (shown below) can be an indication of future growth, but there are no guarantees. Brooke Cooper, April 30, 2023 | Ltd. is currently the company's largest shareholder with 21% of shares outstanding. Please remember that investments can go up and down. This can be negative in some circumstances. This website uses cookies so that we can provide you with the best user experience possible. Learn More. Analysts have been running the rule over this lithium giant's latest update. Join Our Premium Community We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library. For more information please see our Financial Services Guide. James Mickleboro. The companys shares are currently trading at 50 cents apiece, a 150% gain. We use this information to make our site faster, more relevant and improve the navigation for all users. In comparison, the S&P/ASX 200 Materials Index (ASX: XMJ) is down 0.08% at the time of writing. Data delayed 15 minutes unless otherwise indicated. The placement will increase Galileos total cash balance to around $26.5 million. Let's find out. The placement closed oversubscribed with cornerstone investments of $8.7 million by major shareholders Mark Creasy and IGO. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. Listen to Our Podcast GALILEO MINING LTD : Forcasts, revenue, earnings, analysts expectations, ratios for GALILEO MINING LTD Stock | GAL | AU0000007510 Past performance is not necessarily indicative of future returns. WebGalileo Mining Limited. Market Indices, Commodities and Regulatory News Headlines copyright Morningstar. Do the positives outweigh the negatives with BHP's shares? Lessons from the Masters: Where is super prospector Mark Phone: (03) 8592 4841 See our Cookie Policy for more information. Win at Retirement Select your default regional edition of MiningWeekly.com. has decreased from 36% to 12% over the past year, but is still higher than 75% of Australian stocks. James Mickleboro. You can do it. 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. 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. Galileo Mining Simply Wall St has no position in any stocks mentioned. Join A Paid User Research SessionYoull receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. The Motley Fool Australia does not guarantee the performance of, or returns on any investment. Monica O'Shea. The Company is engaged in the development and exploration of cobalt, nickel laterite and 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 Legend and its respected two high-profile partners Rockford partners hold considerable expertise on Fraser Range district mineralisation styles. 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. 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. See historical performance and comparison, Metals and Mining Industry Average Movement. Stock summary - Australian Stock Market - Small Caps 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: We note that hedge funds don't have a meaningful investment in Galileo Mining. Galileo Mining Ltd, GAL:ASX profile - FT.com - Financial The Company is engaged in the development and exploration of cobalt, nickel laterite and nickel-copper This discovery is being mined by successful nickel-copper-gold-zinc-silver producer IGO Group which also has interests in other companies active in the region. Galileo raises A$20.4m for exploration - Mining Weekly 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. The Company holds interest in the FSZ Resources Pty Ltd, NSZ Resources Pty Ltd, and the mining tenements that comprise the Norseman project. Join our flagship membership service, Share Advisor. Jul 4, 2022 Anthony Macdonald, On the market this morning, Galileo were up 1.13 per cent and trading at $1.31 per share at 11:22 am AEST. 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. We can see that individual investors own the lion's share in the company with 44% ownership. April 29, 2023 | 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. Receive daily sector news alerts. Galileo has 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 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, Webshareholders including Mark Creasy (approximately 31%), Independence Group (4.9%) and Chris Ellison (4.2%). Insider ownership is positive when it signals leadership are thinking like the true owners of the company. 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. In the past month, the companys shares have rocketed 120% and are 106% higher in the past week alone. Shares in the base metals explorer are skyrocketing today. The Company holds interest in the FSZ Resources Pty Ltd, NSZ Resources Pty Ltd, and the mining tenements that comprise the Norseman project. The Galileo Mining Ltd ( ASX: GAL) share price is soaring today on the back of a major discovery. The Norseman project consists of granted exploration licences and is prospective for cobalt and nickel. That is, insiders 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. 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. WebShares in Galileo Mining last closed at AU$0.70 and the price had moved by +191.67% over the past 365 days. Company Buyback. Our data indicates that Private Companies hold 30%, of the company's shares. GALILEO MINING LTD : Shareholders Board Members Ltd. is currently the company's largest shareholder with 21% of shares outstanding. Australian Gold Resources Pty. Legend Mining welcomes maiden nickel, copper and cobalt resource Legend Mining hits Octagonal running with seismic data acquisition. Authorised by Scott Phillips. WebGalileo Mining Ltd (ASX:GAL) insider upped their holding earlier this year. Some 170-million shares will be placed, at a price of A$1.20 a share under Galileos existing placement capacity. For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) has fallen 7% in a year. 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