GLL 0.00% 1.4¢ galilee energy limited

Don't worry about the small amounts being sold on this stock....

  1. 267 Posts.
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    Don't worry about the small amounts being sold on this stock.

    The share price is holding steady and is good value for the potential upside of the next round of testing.

    Hopefully the management team have been able to sort out the technical issues from the last set of holes that were tested.

    Positives for me are:
    1) director buying more stock (shows some confidence) not big volumes though
    2) working with a pipeline provider. (Shows they are confident the can resolve the flow issues)
    3) I expect they will announce the next drill and testing programmme soon. They were tendering the drilling in the last quarter from what I understand.
    4) announcements by the company indicate that Q1 2018 will have some activity.
    5) contingent resources are very large
    6) experienced management team. It's always about the people. (Been there and done that with good success)

    Patience is required in the short term until the company announces the forward programme.

    Good luck to holders

    DYOR
 
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Mkt cap ! $5.757M
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Buyers (Bids)

No. Vol. Price($)
2 959618 1.3¢
 

Sellers (Offers)

Price($) Vol. No.
1.4¢ 239447 1
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Last trade - 07.00am 28/11/2024 (20 minute delay) ?
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