GLL 0.00% 1.4¢ galilee energy limited

Sold out yesterday, as I was concerned about a capital raising...

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    Sold out yesterday, as I was concerned about a capital raising and decided to de risk the portfolio for 30/6/18.

    From the last quarterly.
    9. Estimated cash outflows for next quarter $A’000 - April to June 18.
    9.1 Exploration and evaluation 5,758k
    9.2 Development ‐
    9.3 Production ‐
    9.4 Staff costs 200k
    9.5 Administration and corporate costs 448k
    9.6 Other (provide details if material) ‐
    9.7 Total estimated cash outflows 6,406k

    Balance at 31/3/18 was $10,121k

    How long before a capital raising will take place? Comments or opinions.

    Still like the story and the opportunity. May buy back later when dewatering has been completed.
 
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