Institutional investors commonly compare their own returns to the returns of a commonly followed index. Galileo Mining Ltd is an Australia-based mining and exploration 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. We take a look at how you could receive passive income from two iron ore miners. Private companies may be related parties. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Under the placement, Galileo will issue 17 million shares for $1.20 Galileo Mining Return vs Market: GAL exceeded the Australian Market which returned -5.5% over the past year. WebInsiders were net buyers of Galileo Mining Ltd's ( ASX:GAL ) stock during the past year. 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. Our most recent data indicates that insiders own some shares in Galileo Mining Ltd. Galileo Mining ASX:GAL Stock Report - Simply Wall St 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. 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Email advertising@creamermedia.co.za, Barloworld Equipment~Booyco Electronics~Immersive Technologies~Integrated Pump Rental~Integrated Pump Technology~Multotec~Sandvik~SSG Consulting ~Trafo Power Solutions~Weir Minerals Africa, barloworld-equipment-2021-07-20~booyco-electronics-2021-06-07~immersive-technologies-2019-04-01~integrated-pump-rental-2019-12-09~integrated-pump-technology-2019-12-12~multotec-2021-02-03~sandvik-2022-08-29~ssg-consulting-project-management-2014-05-19~trafo-power-solutions-2022-12-13~weir-minerals-africa-2020-11-23, Creamer Media Senior Deputy Editor: Australasia, Sign up for our FREE daily email newsletter. Galileo Mining Ltd, GAL:ASX profile - FT.com - Financial Galileo Mining Galileo Mining discovered significant palladium, platinum, copper, gold, and nickel mineralisation at the Norseman project in Western Australia. We note that hedge funds don't have a meaningful investment in Galileo Mining. Galileo said this shows the potential for a large mineralised system. 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. 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 : Shareholders Board Members Let's find out. Our data indicates that Private Companies hold 30%, of the company's shares. Use our equities screener to discover other potential opportunities. With 17% and 6.5% of the shares outstanding respectively, IGO Limited and Yandal Investments Pty Ltd are the second and third largest shareholders. Please remember that investments can go up and down. Past performance is not necessarily indicative of future returns. Less than 5% of Galileo Mining is held by institutional investors. The Company is engaged in the development and exploration of cobalt, nickel laterite and Galileo Mining 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. separate emails by commas, maximum limit of 4 addresses, 6th July 2022 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. 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. Brooke Cooper, April 30, 2023 | 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. WebGalileo Mining Limited. See historical performance and comparison, Metals and Mining Industry Average Movement. 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. Stock summary - Australian Stock Market - Small Caps 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. April 29, 2023 | Copyright Proactive Group Holdings Inc, 2023. 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. The placement will increase our total cash to approximately A$26.5-million and allow us to aggressively explore this significant new palladium province within our Norseman project area. For more information please see our Financial Services Guide. 337927). Ownership Breakdown Dilution of Shares: Shareholders have been diluted 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. 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. 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. 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. 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