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1.4¢ galilee energy limited

Bye Bye GLL, page-7

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16/08/16

08:48

Post #: 18524794
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Originally posted by laraway ↑

It didn't take long for our new directors to destroy Galilee Energy.
Has posted many months ago, all they saw was $26 million in the kitty, and how can we get our hands on it.
With the price of oil dropping every day for the past 6 months, they decide to go a look for Shale oil in Texas.
Now with only $11 million left in the bank they decide to re start the Galilee basin project. Going by the SP today it appears that too has failed.
But all is not lost. Last month the directors all agreed to take a 20% pay cut. I'm assuming that's only to be able to stay employed for an extra year or so, till the last $11 million runs out.
Great job boys, thanks for nothing.

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You don't think the new project is good or just lost faith in management?

GLL Price at posting: 7.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 1.4¢		Change 0.000(0.00%)		Mkt cap ! $5.757M

Open	High	Low	Value	Volume
1.4¢	1.4¢	1.4¢	$84	6K

Buyers (Bids)

No.	Vol.	Price($)
1	124618	1.4¢

Sellers (Offers)

Price($)	Vol.	No.
1.5¢	1900008	2

View Market Depth

No.	Vol.	Price($)
1	799703	0.012
5	644898	0.011
3	600000	0.010
3	611112	0.009
2	185000	0.008

Price($)	Vol.	No.
0.013	70000	1
0.014	48500	1
0.016	100000	1
0.018	27000	1
0.019	525237	3

Last trade - 15.57pm 22/11/2024 (20 minute delay)

GLL (ASX) Chart