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I'm thinking the admin costs are a bit over the top.After the...

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Quantum Torus

13,127 Posts.

84

25/01/19

19:18

Post #: 37229084
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Originally posted by Ninja_Chook: ↑

"You don't raise at 0.1c if you have good results on the way."True, but you might also do it if you have sweet FA left in the bank at the end of the last quarter and a quarterly to release in the next few days, before you get those all important results, otherwise the ASX might suspend you on the basis that you are not a going concern.

Trading at less than shell value.

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I'm thinking the admin costs are a bit over the top.

After the latest 250mil issue, there will be approx 1.5billion shares on issue.

If they blow this round of cash and find nothing I reckon the JV may be terminated, then they will have nothing at all but a fist full of staff that are useless.

I'm just peeved at the moment.

Last edited by Quantum Torus: 25/01/19

GLA Price at posting: 0.2¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 1.5¢		Change 0.001(7.14%)		Mkt cap ! $10.61M

Open	High	Low	Value	Volume
1.4¢	1.5¢	1.4¢	$42.40K	2.858M

Buyers (Bids)

No.	Vol.	Price($)
1	285714	1.4¢

Sellers (Offers)

Price($)	Vol.	No.
1.5¢	113486	1

View Market Depth

No.	Vol.	Price($)
2	3504000	0.003
11	18723023	0.002
78	174254104	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	24203129	22
0.003	45137303	25
0.004	51142630	26
0.005	26167258	13
0.006	18586426	15

Last trade - 16.10pm 19/11/2024 (20 minute delay)

GLA (ASX) Chart