👀 Mark Creasy purchases $1.74M in shares on market

Mark Creasy has purchased another $1.74M in shares on market at 58c per share, increasing his shareholding in GAL to 26.35% of the company.

The ASX “change in substantial holding” notice came a day after the announcement last week of a new major palladium/platinum discovery at its Norseman project.

After the share price briefly touched ~70c on the day of the announcement, it's a positive sign that someone with the experience of Mark Creasy steps up and buys up a large chunk of shares when the share price has a minor pullback.

One 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.

We think the aggressive buying by Mark Creasy after the material news put out last week is positive affirmation as to the potential of the new discovery GAL announced.

Check out our 2022 GAL Investment Memo to see all of the key reasons why we hold GAL, what we want the company to achieve this year and the key risks to our Investment thesis.