Substantial Shareholders A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. 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. Data is 20 mins delayed. Monica is a journalist with experience working for Daily Mail Australia in Sydney and the Port Pirie Recorder and the Flinders News in South Australia. Galileo Mining Australian Gold Resources Pty. 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. 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. Galileo Mining Ltd, GAL:ASX profile - FT.com - Financial Galileo Mining (ASX: GAL) latest news, share price, company information, stock chart and announcements on Australia's #1 site for investors, Small Caps. Why did the NAB share price smash the ASX 200 in April? Galileo Mining Taking note of what the big end of town is doing can provide insights for ordinary ASX shares investors. So they generally do consider buying larger companies that are included in the relevant benchmark index. Company Overview - Galileo Mining The Galileo Mining Ltd ( ASX: GAL) share price is soaring today on the back of a major discovery. Galileo Mining ASX:GAL Stock Report - Simply Wall St May 1, 2023 | Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. We note that hedge funds don't have a meaningful investment in Galileo Mining. April 29, 2023 | 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. It holds a 100% interest in the Norseman project that covers an area of 306 square kilometers located to the town of Norseman; and 67% interest Fraser Range Project covering an area of 602 square kilometers situated in the Albany-Fraser Orogen. 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 placement closed oversubscribed with cornerstone investments of $8.7 million by major shareholders Mark Creasy and IGO. 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 By: Esmarie Iannucci However, high insider ownership can also give immense power to a small group within the company. 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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. Join Our Premium Community Some 170-million shares will be placed, at a price of A$1.20 a share under Galileos existing placement capacity. Market Indices, Commodities and Regulatory News Headlines copyright Morningstar. 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. The past revenue trajectory (shown below) can be an indication of future growth, but there are no guarantees. To make the world Smarter, Happier, And Richer. Please read our Financial Services Guide before deciding whether to obtain financial services from us. The company on Wednesday said that it has already received firm commitments for the placement. Galileo Mining Ltd engages in the exploration of mineral deposits in Western Australia. 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.. Do the positives outweigh the negatives with BHP's shares? of Shares % Piedmont Lithium Limited: 1,000,383,020: 11.26: Citicorp Nominees Pty Ltd: 691,211,585: 7.78: HSBC Custody Nominees (Australia) Limited 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. On the market this morning, Galileo were up 1.13 per cent and trading at $1.31 per share at 11:22 am AEST. 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. 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. Copyright Proactive Group Holdings Inc, 2023. Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 104, Isle of Capri, Qld 4217. Galileo Mining Legend and its respected two high-profile partners Rockford partners hold considerable expertise on Fraser Range district mineralisation styles. Let's find out. April 28, 2023 | In addition, we found that Richard Underwood, the CEO has 4.4% of the shares allocated to their name. The Company is engaged in the development and exploration of cobalt, nickel laterite and Galileo Mining Galileo noted it also has multiple targets at the companys Jimberlana and Mission Sill prospects, providing the opportunity for more discoveries. 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. Galileo Mining In comparison, the S&P/ASX 200 Materials Index (ASX: XMJ) is down 0.08% at the time of writing. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research. Legend Mining welcomes maiden nickel, copper and cobalt resource Legend Mining hits Octagonal running with seismic data acquisition. Ltd. is currently the company's largest Should your cookies be reset then you may again use the drop-down menu to select a default region. Have feedback on this article? It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. The general public, who are usually individual investors, hold a 44% stake in Galileo Mining. Managing Director Brad Underwood is delighted with the placement and is looking forward to explore the Callisto discovery. WebGalileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. 2010 - 2023 The Motley Fool Australia Pty Ltd. All rights reserved. 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 Mining Our data indicates that Private Companies hold 30%, of the company's shares. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Data delayed at least 20 minutes, as of May 01 2023 07:10 BST. Brooke Cooper, April 30, 2023 | Shareholder Info Top 20 Shareholders About the Data Shareholder Distribution As reported in the most recent Annual Report. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by FT and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions. 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. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. James Mickleboro. Jul 4, 2022 Anthony Macdonald, Galileo Mining Investor Webinar - YouTube Galileo Mining discovered significant palladium, platinum, copper, gold, and nickel mineralisation at the Norseman project in Western Australia. has decreased from 36% to 12% over the past year, but is still higher than 75% of Australian stocks. The top 20 shareholders on listing held 57% of the stock. Share Registry. 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. With 17% and 6.5% of the shares outstanding respectively, IGO Limited and Yandal Investments Pty Ltd are the second and third largest shareholders. Shareholder Information - Galileo Mining Receive daily sector news alerts. This can be negative in some circumstances. Galileo Mining Ltd (GAL.AX) - Yahoo! Advertising Cookies collect information about your browsing habits such as the pages you visit and links you follow. Note: When you clear your default region you will be directed to the MiningWeekly.com home page regional edition associated with the geographic location of our IP address. Phone: (03) 8592 4841 Australian Gold Resources Pty. 13 Colin Street West Perth WA 6000 . 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. 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. 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 Shares in the base metals explorer are skyrocketing today. Legends successes at Rockford, and in particular Mawson, have attracted strong attention around Australia, including from its high-profile partners who continue to support the companys endeavours. In the chart below, we zoom in on the different ownership groups of Galileo Mining. The third reverse circulation drill program is scheduled to begin at the end of July with diamond drilling planned to commence in August. As far as we can tell there isn't analyst coverage of the company, so it is probably flying under the radar. Creamer Media Senior Deputy Editor: Australasia, ARTICLE ENQUIRY Simply Wall St has no position in any stocks mentioned. Listen to Our Podcast WebShares in Galileo Mining last closed at AU$0.70 and the price had moved by +191.67% over the past 365 days. The Motley Fool Australia does not guarantee the performance of, or returns on any investment. We can see that individual investors own the lion's share in the company with 44% ownership. WebInsiders were net buyers of Galileo Mining Ltd's ( ASX:GAL ) stock during the past year. 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. 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. Ownership Breakdown Dilution of Shares: Shareholders have been diluted in the The placement will increase Galileos total cash balance to around $26.5 million. Mr Creasy continues to be the largest shareholder, controlling approximately 27.5 percent of the In their own names, insiders own AU$12m worth of stock in the AU$155m company. 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. May 1, 2023 | Overview We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library. Galileo Mining Concerned about the content? Registered Office. Contact Details: Please enter the email address that you used to subscribe on Mining Weekly. separate emails by commas, maximum limit of 4 addresses, 6th July 2022 Galileo Mining has amarket capitalisationof about $81 million. 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. Share price information may be rounded up/down and therefore not entirely accurate. GALILEO MINING LTD : Shareholders Board Members FT is not responsible for any use of content by you outside its scope as stated in the. 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. 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. In terms of relative price strength the Galileo Mining share price has 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. Galileo said this shows the potential for a large mineralised system. You must be a registered user to save alerts. Performance Cookies collect anonymous information designed to help us improve the site and respond to the needs of our audiences. 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. The Motley Fool has a disclosure policy. According to a change of substantial holding notice, Mark Creasy has increased his stake by 3 million shares to 44,371,895 shares. You can do it. The Motley Fool Australia has no position in any of the stocks mentioned. We look forward to updating the market as work progresses on this exciting new West Australian discovery. 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 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. Please remember that investments can go up and down. Galileo Mining The billionaire prospector extraordinaire is credited with Meanwhile, private companies make up 30% of the companys shareholders. James Mickleboro. This holding is probably worth investigating further. Strictly necessary cookies relate to our hosting environment, and functional cookies are used to facilitate social logins, social sharing and rich-media content embeds. 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: For the Year Ended 30 June 2018 For personal use only - ASX IGO has reported EBITDA of $533 million and net profit after tax of $412 million for the March quarter. 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. 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 Mining Ltd Follow Mineral exploration. WebThe current holdings of RMI directors. Hear our experts take on shares, the market & how to invest. 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 Get Started Investing This website uses cookies so that we can provide you with the best user experience possible. Ltd. is currently the company's largest shareholder with 21% of shares outstanding. 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. 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. 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Legend Mining continues evolution of the Mawson story with more massive sulphides intersected. SMARTER, HAPPIER, AND RICHER. Institutional investors commonly compare their own returns to the returns of a commonly followed index. See our latest analysis for Galileo Mining. 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. All Rights Reserved - Proactive Australia PTY LTD ACN:132787654 ABN:19132787654. When not writing for Motley Fool Australia, Monica enjoys travel, sport, music, and likes to play the violin in her spare time. When multiple institutional investors want to buy shares, we often see a rising share price. Insiders were net buyers of Galileo Mining Ltd's ( ASX:GAL ) stock during the past year. Win at Retirement EMAILTHISARTICLE. The Company holds interest in the FSZ Resources Pty Ltd, NSZ Resources Pty Ltd, and the mining tenements that comprise the Norseman project. Galileo Mining Get in touch with us directly. The Company holds interest in the FSZ Resources Pty Ltd, NSZ Resources Pty Ltd, and the mining tenements that comprise the Norseman project. Return vs Industry: GAL exceeded the Australian Metals and Mining industry which returned -7.6% over the past year. Authorised by Scott Phillips. For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) has fallen 7% in a year. 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. 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 This setting is controlled by cookies and should your cookies be re-set you will then be directed to the regional edition associated with the geographic location of our IP address. The company was originally privately owned by renowned prospector Mr Mark Creasy, and Galileo Managing Director Mr Brad Underwood spent eight years as General Manager of the Creasy Groups exploration at the Fraser Range and at Norseman. Galileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. It's always worth thinking about the different groups who own shares in a company. These cookies are used to deliver our website and content. 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. Creasy Group has a 26.66% holding in Legend while IGO's stake stands at 14.12%. 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.