bomber yes selloff just due to the Pattos raising
Clients got shares at 6c plus free options
They could sell at 5.5c and still make a profit
Plenty of pig iron miners that make good profits and have large market caps
Some people sell diamonds, others sell matches... you can make more money selling matches. You can make more money selling brown coal than anthracite... depends on multiple factors of the resource
Regardless.. the oppies are great value, do a comparison ie BCC
BCC heads at 6c, lower than GLA
BCCO expire in 7 MONTHS
GLAO and BCCO have the same strike price of 10c
GLAO expire in 3 YEARS
GLA has 1/4 the market cap of BCC, so share price can rise much more rapidly
BCCO spread 1.6-1.8c
GLAO spread 1.4-1.6c
Based on the Greeks GLAO is fundamentally worth double BCCO
That's not to say GLAO is worth 3.6c, as I think BCCO is overvalued (most o+g options are) Bcco is 'worth' 1.5c imo.
GLAO is 'worth' 3c.
Post cap raisings are a wonderful time to generate wealth, as they say money in the stockmarket flows from the impatient to the patient.
The impatient soph clients of Patto's will sell to get their quick profits, ignoring fundamental values
The smarter money will be soaking up GLA/GLAO at these artificially low prices to reap a far bigger payday.
bomber yes selloff just due to the Pattos raisingClients got...
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Last
1.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.61M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.5¢ | $2.516K | 167.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 273064 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 1600000 | 2 |
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| Last trade - 13.22pm 20/11/2024 (20 minute delay) ? |
| GLA (ASX) Chart |
