Level 27 / 111 Eagle Street, Brisbane QLD 4000, Australia The Company is engaged in the exploration and development of gold, copper, rare-earth aggregates, and iron ore and manganese. Galileo Mining is an ASX-listed company (ASX: GAL) focussed on the discovery of base metals in Western Australia. In the group's results . 07/19/2021. 5. The Mark Creasy-backed Galileo Mining has made a stunning debut on the Australian Securities Exchange, listing at a 90 per cent premium to its 20¢-a-share issue price. Work & Management . Galileo Key . Galileo Mining shareholders may wish to consider how easily it could raise more cash, despite its solid . Galileo Resources PLC is a United Kingdom-based company. given its sub-$20 million market value, of $5.1 million. Sandon Capital Investments (SNC) is releasing the full details of its shortfall offer, part of the company's wider capital raising efforts. For personal use only. ASX-listed miner Independence Group (ASX: IGO) and Mineral Resources' founder Chris Ellison are included within the Company's top five largest shareholders. 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. Karora has tenements near there. Incorporated 2000. We were listed in the Top 50 in the 2018-2020 ISS Securities Class Action Services Report. The results are consistent with our expectations. Prices are indicative only. Overview Other sections. The results are consistent with our expectations. 28340-HQ . Galileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. Shareholder Composition. 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 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. 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 . Revenue in AUD (TTM) 740.00. Amazon.com Inc (NASDAQ:AMZN) shareholders blocked proposals to create better working conditions for . Despite the S&P/ASX 300 Metals & Mining Index . Revenue forecast unchanged from AU$86.8m at last update. Share Price and Volume. . 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. Employees 4.00. Galileo's share price is up ~271% for the year to date. More >. Galileo Resources PLC (), the exploration and development mining company, has said it is better placed after an "operationally difficult but extremely positive" year.. Rooster Talk Ep 51 - Brad Underwood, Managing Director of Galileo Mining Limited (ASX: GAL) talks about discovery of sulphides, Norseman Project. 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. 20 Introduction. 0.10% copper, 0.01% cobalt and 0.20 g/t palladium from surface in NAC066; and . Retail. . 0.275. The Galileo Mining share price has provided an 18% return in the last year to shareholders. . Location. Galileo has two highly prospective West Australian resource and exploration projects being: 1) The Norseman Cobalt Project with a JORC compliant cobalt-nickel resource; and 2) The Fraser Range Project with exploration tenements prospective for nickel-copper-cobalt deposits. 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%. We just did not think we were . . 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 . Retail. The Top 20 Shareholders of GAL hold 44.28% of shares on issue. Black Rock Mining Ltd 45 Ventnor Avenue PERTH 6005 Australia AUS. Industry News . 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 . Overview . 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 . Galileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. Rooster Talk Episode 57 with Brad Underwood, Executive Chair and Managing Director of Galileo Mining Ltd (ASX:GAL) is all about the discovery of the Palladium . Legend's mission is to make value-adding mineral discoveries and utilise all available asset bases to maximise stakeholder benefit. In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends . 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's cash burn of AU$3.1m is about 9.2% of its AU$34m market capitalisation. + Company announcements and prices are delayed by least 20 minutes. Amazon shareholders approve first stock split since 1999; . Net income in AUD -3.31m. 0.325. Credit: Galileo 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. Some would say this shows alignment of interests between shareholders and the board, though I generally prefer to see bigger insider holdings. Top Stocks. 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. Substantial Shareholders A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Share Price and Volume. Creasy and entities through which he is associated ponied up for 3m at 58c per share equating to $1.74 million to up his Galileo Mining substantial holdings. This Presentation ("Presentation" or the "Document") has been prepared by Galileo Mining Ltd (ACN 104 114 132) ("Company") and is general background . BEN PACKHAM. 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 . The company's shares skyrocketed by more than 26% today. SNC first released its one-for-4 entitlement offer in early September, offering shareholders new shares at $1.01 each. 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 . Galileo shareholders of record on August 2, 2021 (the "Record Date") will be entitled to notice of and to vote at the Special Meeting. RAGUSA| USSA News #separator_saThe Tea Party's Front Page . 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. 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. Show All Shareholder Distribution As reported in the most recent Annual Report. miner Independence Group (ASX: IGO) and Mineral Resources' founder Chris Ellison are included within the Company's top five largest shareholders. 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 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 Ltd is an Australia-based mining and exploration company. 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). Work & Management. BHP $ 46.340 -0.420 -0.90% The billionaire prospector's Galileo Mining substantial holdings rose from 24.61% to 26.35%. The company listed on the ASX in 2018 through an IPO. 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. 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. Galileo Mining up ~550% since hitting the PGE-nickel-copper jackpot at 'Callisto' early this month. . Galileo Mining (ASX: GAL) Via his wholly-owned entities, Mr Creasy also has a large stake in Galileo Mining as does Independence Group. Galileo's recent assays have confirmed palladium, platinum, gold, copper and nickel hits in five more drill holes at Callisto after the explorer hit strong results in a discovery hole. The top 20 shareholders on listing held 57% of the stock. With 8.4% and 4.8% of the shares outstanding respectively, IGO Limited and Richard Underwood are the. . • 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). . Looking at the last year, the company burnt through AU$4.0m. 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 In their own names, insiders own AU$1.9m worth of stock in the AU$19m company. Galileo Mining Ltd. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. The company's largest shareholder is Australian Gold Resources Pty. We can readily understand why investors are attracted to unprofitable companies. This rise in share price follows an announcement by the company as . Fundies add Galileo Mining to M&A watch list. The company has 100% . 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. That's a low proportion, so we figure the company would be able to raise more cash to fund growth, with a little dilution, or even to simply borrow some money. Top 20 Shareholders. ASX-listed miner Independence Group (ASX: IGO) and Mineral Resources' founder Chris Ellison are included within the Company's top five largest shareholders. Legend Mining Limited ("Legend") is an Australian exploration company listed on the Australian Securities Exchange (ASX:LEG). Industry News. Shareholder Composition. Share price rose 5.2% to AU$0.30 over the past week. Ragusa Minerals . If in 2023, Karora gets to 200K ounces, then a company seeking to acquire similar to GFI acquiring Yamana for $6.7 billion, would need to bid $8.5 US per share to get a similar production/dollar figure. © 2021 Aus Tin Mining Limited ABN 84 122 957 322, all rights reserved. IGO) and Mineral Resources' founder Chris Ellison are included within the Company's top five largest shareholders. 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. Through his various companies, Creasy is now one of the largest holders of exploration ground and exploration stocks in Australia. 0.30. 0.30. Creasy was a joint venture partner in the Nova-Bollinger project and the deal earned him a $630 million pay cheque. Legend's Mark Wilson (centre) with Mark Creasy (left) and IGO's Peter Bradford However, the S&P/ASX 200 Index (ASX: XJO) has delivered a superior return of 32% over the same period. Latest announcement. 0.325. Based on a 20¢-per-share initial public offer price, full subscription would give Galileo a market capitalisation of about $24 . LNLONB: $32,420 Updated 29 April 2022. Galileo Mining Ltd : 1.445 : 557% : $258,377,936 : TYX : Tyranna Res Ltd : . 6 days ago. The company on Wednesday announced that it would place some 25-mllion . September 20, 2019, 2:45 PM. 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. Rooster Talk Ep 51 - Brad Underwood, Managing Director of Galileo Mining Limited (ASX: GAL) talks about discovery of sulphides, Norseman Project. Mr Creasy continues to be the largest shareholder, controlling approximately 31% of the company. A$125 million Placement 22 October 2021 | Size: 26 KB 20 October 2021 Appendix 3B proposed issue . Galileo Mining Ltd (ASX:GAL) 's Brad Underwood speaks with Proactive after the company found rhodium in its discovery drill hole at the Callisto property, part of the 100%-owned Norseman Project . The Company's flagship projects are the Norseman and Fraser Range projects. 0.25. 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. R3D Resources aiming to be small copper producer in the second half of 2022. 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. . 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. Exploration, development and production of oil and gas; Mining of iron ore, metallurgical coal and energy coal, copper, silver, zinc, molybdenum, uranium and gold. -287.20 (-1.35%) DAX-47.88 . 28340-HQ-SEL (the . Jan 4, 2021; Simon Evans; . Galileo announced last week a major palladium-platinum discovery at the 'Norseman . 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. Galileo Mining Ltd (GAL) Announcements. Each new share will come with a 3.75 cent fully franked dividend, with the entire . Galileo Mining is focused on the exploration and . 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. Consensus price target down from AU$0.36 to AU$0.34. Phone +61 89389-4415. 0.275. Our lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions. Top 20 Shareholders. But it might be worth checking if those insiders have been selling. 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. 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 . Galaxy is focused on the staged development of its flagship brine project, Sal de Vida in Argentina. Galileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. De Grey Mining is a Western Australian gold explorer and project development company focussed in the Pilbara region. Net income forecast to grow 538% next year vs 36% growth forecast for Metals and Mining industry in Australia. 431 KB 19 April 2022 Becoming a Substantial Shareholder - Invesco Australia Limited 19 April 2022 | Size: 256 KB 23 March . 0.35. As at December 2021, Galileo Mining had cash of AU$9.0m and no debt. ASX-listed junior Galileo Mining will raise A$6.5-million in a share placement to fund exploration work in Western Australia. Galileo Mining up ~550% since hitting the PGE-nickel-copper jackpot at 'Callisto' early this month R3D Resources aiming to be small copper producer in the second half of 2022 Ragusa Minerals (lithium), Resource Mining Corp (nickel) up; on no news Here are the biggest small cap resources winners in early trade, Thursday May 26. Contact Details 13 Colin Street, WEST PERTH WA 6005 08 9463 0063 info@galmining.com.au www.galileomining.com.au Lists and Charts Public Companies - Resources WA list sponsored by Share Price Closing price for the last 90 trading days Closing Price ($) Feb '22 Mar '22 Apr '22 0.15 0.2 0.25 In this article: . So it had a cash runway of about 2.3 years from December 2021 . Galileo Mining's cash burn of AU$3.2m is about 7.0% of its AU$45m market capitalisation. The Company is engaged in the development and exploration of cobalt, nickel laterite and nickel-copper-cobalt sulphide projects in Western Australia. Apr 05. Top Mutual Funds. Galileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. . One vote that the company put forward, for a 20:1 stock split, was supported by shareholders. For example, biotech and mining. 00:57 Brad Updates. 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 . We just did not think we were . DYOR on Galileo Mining Limited (ASX: GAL) who is one step closer to more Sulphides - Brad Underwood, Executive Chair and Managing Director . 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. Galileo Technologies, the manufacturer of fueling systems for alternative fuels, is proud to announce and welcome Ronald J. Gulmi as a senior member of its business development team to promote low-carbon, zero-carbon & carbon-negative mobility projects in the Northeast US. Ltd., with ownership of 23%. Mark Creasy has upped his stake in Galileo Mining after its big Callisto palladium discovery last week The billionaire prospector extraordinaire is credited with roles in the Jundee, Bronzewing and Nova discoveries in WA Creasy's Yandal Investments holds Top 20 stakes in more than 20 ASX-listed companies, most of them junior explorers View GAL.AU financial statements in full. 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 . Shareholder Centre. . 0.35. 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. we thought we'd take a look at whether Galileo Mining shareholders should be worried about its cash burn. Not much notice here of the big discovery by Galileo Mining of a possible PGM reef outside Norseman. Mr. Creasy continues to be the largest shareholder, controlling approximately 31 percent of the company. Mr. Creasy continues to be the largest shareholder, controlling approximately 31 percent of the company. InvestSMART Group Ltd; Governance Documents; Announcements . We can see that insiders own shares in Galileo Mining Ltd. . 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
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