Without any shadow of a doubt, if that milestone of Reserves booking of 500PJ is achieved, the SP will be way in excess of 0.62c.However, I look at the dilution factor, and it's minimal given that it's only another 4.75M shares to be issued so we go from 203M SOI to 208M SOI, big deal. I'm happy to cop that if these guys can get us there because it'll be a great day for all holders.
The value of the company, based on previous T/O values, potentially increases to minimum $1B with a share price potentially in excess of $4.50 (confirmed by the latest broker report on Galilee by Cannacord Genuity).
The fact that there is even a discussion around this leads me to believe that there is a real possibility now of this eventuating...IMO.
I'll be voting YES.
DYOR and as always GLTAH........ Go Mr Lansom and Co.......bring home the bacon for us
Ann: Notice of Annual General Meeting/Proxy Form, 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 |
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| Last trade - 15.17pm 29/11/2024 (20 minute delay) ? |
| GLL (ASX) Chart |
