Contact Details 13 Colin Street, WEST PERTH WA 6005 08 9463 0063 info@galmining.com.au www.galileomining.com.au Lists and Charts Public Companies - Resources WA list sponsored by Share Price Closing price for the last 90 trading days Closing Price ($) Feb '22 Mar '22 Apr '22 0.15 0.2 0.25 Some would say this shows alignment of interests between shareholders and the board, though I generally prefer to see bigger insider holdings. We just did not think we were . Karora has tenements near there. We can see that insiders own shares in Galileo Mining Ltd. Legend's Mark Wilson (centre) with Mark Creasy (left) and IGO's Peter Bradford Sydney, June 08, 2022 (GLOBE NEWSWIRE) -- Proactive, provider of real-time news and video interviews on growth companies listed in Australia, has covered the following companies: Wiluna Mining . 28340-HQ-SEL, covering an area of 918 Hectares granted on 16 February 2021 and with its initial 4 year term expiring on 15 February 2025. Galileo Mining Ltd. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. A$125 million Placement 22 October 2021 | Size: 26 KB 20 October 2021 Appendix 3B proposed issue . The Galileo Mining share price has provided an 18% return in the last year to shareholders. . Net income forecast to grow 538% next year vs 36% growth forecast for Metals and Mining industry in Australia. Revenue in AUD (TTM) 740.00. Creasy was a joint venture partner in the Nova-Bollinger project and the deal earned him a $630 million pay cheque. For personal use only. Legend Mining Limited ("Legend") is an Australian exploration company listed on the Australian Securities Exchange (ASX:LEG). On Legend's 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. But it might be worth checking if those insiders have been selling. 20 Introduction. 6 days ago. Galileo shareholders of record on August 2, 2021 (the "Record Date") will be entitled to notice of and to vote at the Special Meeting. Mr. Creasy continues to be the largest shareholder, controlling approximately 31 percent of the company. One vote that the company put forward, for a 20:1 stock split, was supported by shareholders. He is also a major shareholder of Legend Mining and of Galileo, which he founded. Read detailed company information and latest announcements from Galileo Mining Ltd including news headlines & gain/loss. Given that is a rather small percentage, it would probably be really easy for the company to fund another year's growth by issuing some new shares to investors, or even by taking out a loan. This Presentation ("Presentation" or the "Document") has been prepared by Galileo Mining Ltd (ACN 104 114 132) ("Company") and is general background . As at December 2021, Galileo Mining had cash of AU$9.0m and no debt. Level 27 / 111 Eagle Street, Brisbane QLD 4000, Australia Mr Creasy continues to be the largest shareholder, controlling approximately 31% of the company. Galileo Mining is focused on the exploration and . Galileo Mining #CoffeewithSamso Episode 140 Brad Underwood, Executive Chair and Managing Director of Galileo Mining Limited sharing all about the next drilling campaign in Norseman with Noel Ong . We just did not think we were . De Grey Mining is a Western Australian gold explorer and project development company focussed in the Pilbara region. Industry News. Sandon Capital Investments (SNC) is releasing the full details of its shortfall offer, part of the company's wider capital raising efforts. 0.275. 0.35. Approximately 250 kilometers west of the coastal port city of Mtwara on the Indian Ocean and 300 kilometers southwest of Tanzania's largest city, Dar es Salaam. Our Top Two Stocks to Cop a Post-Drop Price Pop 20-Jan-2021 $ 0.280 DOUBLE DOWN ALERT: We Have Just Increased Our Holdings in this Stock 20-Jan-2021 $ 0.280 GAL Ready for Fraser Range Drilling - Starts in Coming Weeks 07-Jan-2021 $ 0.220 Our Stock Picks for 2021 21-Aug-2020 $ 0.315 GAL Just Days Away from Fraser Range Diamond Drilling 13-Jul-2020 Galileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. . In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends . Show All Shareholder Distribution As reported in the most recent Annual Report. Legendary explorer Mark Creasy is Galileo Mining's biggest shareholder with nearly 25 per cent of the company.AFRGalileo is all of $318 million market - Fraser Range targets (nickel, copper and cobalt) and Norseman (nickel, palladium and cobalt) - would be right up IGO's alley. Galaxy Resources Limited (GXY) is an international S&P / ASX 200 Index company with lithium production facilities, hard rock mines and brine assets in Australia, Canada and Argentina. The Company's projects include kalahari copper belt project, Kashitu Project, ferber project, Star Zinc Project, glenover rare earth project and Concordia Copper . Retail. If you are looking for an exploration company on the Australian Stock Exchange or ASX Limited (ASX: ASX) you need to DYOR big time on Galileo Mining Limited (ASX: GAL). ASX-listed miner Independence Group (ASX: IGO) and Mineral Resources' founder Chris Ellison are included within the Company's top five largest shareholders. IGO) and Mineral Resources' founder Chris Ellison are included within the Company's top five largest shareholders. 0.10% copper, 0.01% cobalt and 0.20 g/t palladium from surface in NAC066; and . R3D Resources aiming to be small copper producer in the second half of 2022. 0.30. 28340-HQ . If you are looking for an exploration company on the Australian Stock Exchange or ASX Limited (ASX: ASX) you need to DYOR big time on Galileo Mining Limited (ASX: GAL). Despite the S&P/ASX 300 Metals & Mining Index . Work & Management . Galileo Mining shareholders may wish to consider how easily it could raise more cash, despite its solid . In the group's results . RAGUSA| USSA News #separator_saThe Tea Party's Front Page . 0.25. On that note, since the discovery two weeks ago, major shareholder Mark Creasy has purchased another $1.74M in shares on market increasing his shareholding to 26.35%. The Company is engaged in the exploration and development of gold, copper, rare-earth aggregates, and iron ore and manganese. Galileo Mining is a resources company listed on the Australian Securities Exchange (ASX) under the code GAL and is exploring for base metals in south-east Western Australia. Galileo has entered into a Joint Venture agreement with Statunga Investments Limited (the "Vendor"), a private Zambian company which holds the Luansobe Project comprising small-scale exploration licence No. Galileo Resources plc ("Galileo "or the "Company") is pleased to report on progress in modelling of historic drill data at Luansobe and the completion of the second payment to the vendors to secure an initial 75% interest in the Luansobe Copper Project, Zambia (the "Project") comprising Small Scale Exploration Licence No. ASX-listed junior Galileo Mining will raise A$6.5-million in a share placement to fund exploration work in Western Australia. Galileo Mining Ltd : 1.445 : 557% : $258,377,936 : TYX : Tyranna Res Ltd : . Retail. Galileo Resources PLC is a United Kingdom-based company. 0.25. The results are consistent with our expectations. Kin Mining NL KIN has fielded high-grade drilling results of up to 2 metres at 14.5 g/t gold from 120 metres that confirm an extension to the Cardinia Hill prospect at the 1.275-million-ounce . In their own names, insiders own AU$1.9m worth of stock in the AU$19m company. Latest announcement. After raising A$15 million in a heavily oversubscribed IPO, Galileo will begin exploring its Norseman cobalt-nickel and Fraser Range nickel-copper-cobalt projects in . given its sub-$20 million market value, of $5.1 million. The company's largest shareholder is Australian Gold Resources Pty. Galileo Mining Ltd is an Australia-based mining and exploration company. BEN PACKHAM. Prices are indicative only. The company listed on the ASX in 2018 through an IPO. Shareholder Centre. we thought we'd take a look at whether Galileo Mining shareholders should be worried about its cash burn. The company is exploring for large scale magmatic nickel copper deposits in the Fraser Range and for high grade nickel-copper-cobalt resources at its Norseman project. miner Independence Group (ASX: IGO) and Mineral Resources' founder Chris Ellison are included within the Company's top five largest shareholders. Through his various companies, Creasy is now one of the largest holders of exploration ground and exploration stocks in Australia. Top Mutual Funds. The safety of our employees, Shareholders and other stakeholders are of paramount importance to us, and we will be taking measures to reduce the risks associated with COVID-19. The wholly owned project is recognised as a tier 1 asset due . Employees 4.00. Share Price and Volume. Shares of Galileo Mining Ltd ( ASX:GAL) skyrocketed today (27 May 2022) gaining 26.95% to trade at AU$1.79 apiece on ASX at 12.53 AM AEST. Black Rock Mining Ltd 45 Ventnor Avenue PERTH 6005 Australia AUS. The Top 20 Shareholders of GAL hold 44.28% of shares on issue. MDI Middle Island Resources (ASX:MDI) defines two drill-ready targets at Crosswinds; WGO Warrego Energy (ASX:WGO) and Strike Energy (ASX:STX) restart drilling at WE-3 well; KKO Kinetiko Energy (ASX:KKO) raises $1.7m for gas exploration activities; LDX Lumos Diagnostics (ASX:LDX) enters back-to-back trading halts; MBK Metal Bank (ASX:MBK) completes phase one drilling at Livingstone All up, the top 20 Legend shareholders hold more than 63% of the entity, with Independence Group also given the right to appoint a director to Legend's board. Jan 4, 2021; Simon Evans; . We strongly encourage and request Shareholders to appoint the chairman of the Annual General Meeting as their proxy rather than attend in person due to the COVID-19 . Each new share will come with a 3.75 cent fully franked dividend, with the entire . In this article: . Assays from all drill holes at the prospect, part of the Norseman project in WA, contain significant zones of mineralisation and confirm initial results from . BHP $ 46.340 -0.420 -0.90% While Galileo shares softened later in the week, they surged again on Monday after Mr Creasy - Galileo's original owner and biggest shareholder - revealed he had topped up his . . Galileo Mining Ltd (GAL) Announcements. Substantial Shareholders A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Work & Management. LNLONB: $32,420 Updated 29 April 2022. Mr. Creasy continues to be the largest shareholder, controlling approximately 31 percent of the company. Galileo Key Milestones: 2003 - Registered as a private company wholly-owned by Mark Creasy; 2004 - Acquired the Norseman project; . Data is 20 mins delayed. We were listed in the Top 50 in the 2018-2020 ISS Securities Class Action Services Report. For example, biotech and mining. LBY's 4Q FY22 quarterly activities update showed continued solid growth in top line metrics, albeit slowing, with GMV of NZ$203m (+26% on pcp) and income of NZ$12.1m (+23% on pcp). Galileo's share price is up ~271% for the year to date. 28340-HQ-SEL (the . Galileo Resources plc ("Galileo "or the "Company") is pleased to provide details regarding a Joint Venture Agreement (the "JV Agreement") entered into on 29 December 2021 with Statunga Investments Limited (the "Vendor") covering the Luansobe Copper Project, Zambia comprising Small Scale Exploration Licence No. We can readily understand why investors are attracted to unprofitable companies. . 07/19/2021. galileo mining (asx:gal) "Discovery confirmed!" says GAL, which has now surged ~550% since hitting the PGE-nickel-copper jackpot in hole number one at 'Callisto' early this month. -287.20 (-1.35%) DAX-47.88 . . but the major shareholder sees light elsewhere. Shareholder Composition. Top Stocks. Galileo announced last week a major palladium-platinum discovery at the 'Norseman . Galileo Mining's cash burn of AU$3.1m is about 9.2% of its AU$34m market capitalisation. The Company's flagship projects are the Norseman and Fraser Range projects. Looking at the last year, the company burnt through AU$4.0m. This rise in share price follows an announcement by the company as . Galileo Resources PLC (), the exploration and development mining company, has said it is better placed after an "operationally difficult but extremely positive" year.. Phone +61 89389-4415. 5. Investors keep winding up the commodity trade in 2022 with several ASX mining shares surging more than 20% during Australian market hours on Monday. Galileo Mining is an ASX-listed company (ASX: GAL) focussed on the discovery of base metals in Western Australia. The ASX debutant listed at 12pm AEST at A$0.20 under the ticker code GAL and went on to hit an intraday high of A$0.38 shortly after, with 3.4 million shares traded by 1pm AEST. View GAL.AU financial statements in full. Galileo Key . With 8.4% and 4.8% of the shares outstanding respectively, IGO Limited and Richard Underwood are the. Another of the key reasons we continue to hold GAL in our portfolio is because of the high quality management team and the experienced major shareholders backing the company. + Company announcements and prices are delayed by least 20 minutes. The results are consistent with our expectations. Encouraging enough for shareholders to pick it up off a 20c mat where it had been hovering for, ooh, the better part . MDI Middle Island Resources (ASX:MDI) defines two drill-ready targets at Crosswinds; WGO Warrego Energy (ASX:WGO) and Strike Energy (ASX:STX) restart drilling at WE-3 well; KKO Kinetiko Energy (ASX:KKO) raises $1.7m for gas exploration activities; LDX Lumos Diagnostics (ASX:LDX) enters back-to-back trading halts; MBK Metal Bank (ASX:MBK) completes phase one drilling at Livingstone This Presentation ("Presentation" or the "Document") has been prepared by Galileo Mining Ltd (ACN 104 114 132) ("Company") and is general background . Galileo will hold the Special Meeting at 10:00 A.M. Eastern Time on September 28, 2021 to, among other things, allow its shareholders to vote to approve the proposed business combination with Shapeways. Galileo Mining up ~550% since hitting the PGE-nickel-copper jackpot at 'Callisto' early this month. Location. galileo mining (asx:gal) "Discovery confirmed!" says GAL, which has now surged ~550% since hitting the PGE-nickel-copper jackpot in hole number one at 'Callisto' early this month. Apr 05. 5. The sale was agreed between Glenover Phosphate Proprietary Limited and South African mining group Afrimat for around 11.46mln (ZAR 250mln) plus the option to sell shares in Glenover for 14mln . Mark Creasy-backed cobalt-nickel hopeful Galileo Mining has set its sighting on raising up to $15 million as it looks towards a listing on the Australian Securities Exchange early next month. Galileo's Managing Director Brad Underwood commented; "This an exceptional result from our Norseman project and, with every drill hole undertaken so far intersecting mineralisation, we are .