short term it seems the logical thing to return some cash to shareholders. But in the long term doesn't make much sense as the company needs the cash to develop the current CSG project and some very slow exploration.
Once(if) the CSG finally gets into production will be producing a very nice return , much more than the current cash holding!
more cash now 34.2 million in the bank, page-3
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.757M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.1¢ | $10.62K | 937.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1525801 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 681593 | 3 |
View Market Depth
| Last trade - 15.17pm 29/11/2024 (20 minute delay) ? |
| GLL (ASX) Chart |
