Galileo expects to begin a third RC program at the end of this month and will be followed by diamond drilling in August. 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. Our friendly customer service team will happily get back to you as soon as they can. GALILEO MINING LTD : Forcasts, revenue, earnings, analysts expectations, ratios for GALILEO MINING LTD Stock | GAL | AU0000007510 Receive daily sector news alerts. By: Esmarie Iannucci separate emails by commas, maximum limit of 4 addresses, 6th July 2022 Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. Webshareholders including Mark Creasy (approximately 31%), Independence Group (4.9%) and Chris Ellison (4.2%). The companys shares are currently trading at 50 cents apiece, a 150% gain. You must be a registered user to save alerts. Brooke Cooper, April 30, 2023 | See our Cookie Policy for more information. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. Legend Mining prepares to test most exciting diamond drill Legend Mining talks Octagonal prospect potential at Rockford. It's always worth thinking about the different groups who own shares in a company. SMARTER, HAPPIER, AND RICHER. Legendary explorer Mark Creasy is Galileo Minings biggest shareholder with nearly 25 per cent of the company. With 17% and 6.5% of the shares outstanding respectively, IGO Limited and Yandal Investments Pty Ltd are the second and third largest shareholders. has decreased from 36% to 12% over the past year, but is still higher than 75% of Australian stocks. 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. 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. The Motley Fool has a disclosure policy. IGO and mining billionaire Mark Creasy are expected to cornerstone WA cobalt and nickel explorer Galileo Minings share placement. The Company holds interest in the FSZ Resources Pty Ltd, NSZ Resources Pty Ltd, and the mining tenements that comprise the Norseman project. 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. The past revenue trajectory (shown below) can be an indication of future growth, but there are no guarantees. Please read our Financial Services Guide before deciding whether to obtain financial services from us. The top 20 shareholders on listing held 57% of the stock. May 1, 2023 | 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. Galileo is exploring its 100% owned Norseman project in Western Australia. We note that hedge funds don't have a meaningful investment in Galileo Mining. 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. For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) has fallen 7% in a year. WebGalileo Mining Limited. FT is not responsible for any use of content by you outside its scope as stated in the. WebName No. Automic Group Level 5, 191 St Georges Terrace Perth WA 6000 P: 1300 288 644 (within Australia) The placement closed oversubscribed with cornerstone investments of $8.7 million by major shareholders Mark Creasy and IGO. Managing Director Brad Underwood is delighted with the placement and is looking forward to explore the Callisto discovery. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Data is 20 mins delayed. 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