His right GXY would be in a much better position if GLN did not exist, GLN make any deal GXY is doing look awfully expensive.
Why would you stump up $200mill to J/V in for 50% when you can have all of GLN right now for a fraction of the price.
That $350mill POSCO deal would never have happened if GLN had drilled already assuming hole 3 hits which it probably will.
If I was the company writing the check for GXY J/V right now I would be very nervous there is a company with 50+ year mine life potential shaping up literally next door on a $40mill odd Mcap.
This next hole is gonna be huge for two companies it seems.
His right GXY would be in a much better position if GLN did not...
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $60.50M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.5¢ | 13.5¢ | $232.3K | 1.669M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 2178553 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 746751 | 10 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| GLN (ASX) Chart |
