So at 0.2 c It's trading at 2.1 mil EV and at 0.1c Its trading at 800 k EV . As per last Annual Report 49 % own by top 20 . We are also drilling and expecting some good results in a month or so .
It's a good Risk/Reward play if anyone can get set at 0.15c or 0.2c .
I feel downside is very little in this one and Sky is the limit on the up side .
In last 3 years whenever SP came around this level (0.1c to 0.2c) .. It followed by some massive moves towards 1c . Mid 2016 it went to 0.8c from 0.2c .. Early 2018 it went to 1.6c from 0.2c .
Don't forget people were happy to pay 1c for this just 9 months ago.
I'm in .
DYOR .
All IMO.
GLTAH.
GLA Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held
