good post but the $5M cash facility was what i referred to in my original post that you reacted to & continue to react to
my reading of it is it is a 10% discount VWAP facility and if the share price is too high possibly Acuity Capital won't provide funding
so if the Trading Halt news is really good, possibly Acuity are currently negotiating with GLN to provide funding
for example, the last 5 days' VWAP is 51 cents. a 10 day VWAP is even lower
Acuity might want to provide funding for say 50 cents per share or less so they are currently negotiating
GLN alternately, might want to tap the market at a higher price
i only threw the speculation out there about why there is a suspension
why would the company go into suspension for 6 days over a "drilling update" and "results of the survey" ?
- Forums
- ASX - By Stock
- Galan Lithium - Cash and Funding -Fully Funded!
good post but the $5M cash facility was what i referred to in my...
-
- There are more pages in this discussion • 43 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add GLN (ASX) to my watchlist
(20min delay)
|
|||||
Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $60.50M |
Open | High | Low | Value | Volume |
12.0¢ | 12.5¢ | 12.0¢ | $528.6K | 4.271M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 39996 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 1977137 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.115 |
7 | 472031 | 0.110 |
11 | 947628 | 0.105 |
25 | 1490999 | 0.100 |
2 | 20000 | 0.099 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 1573785 | 9 |
0.130 | 254710 | 7 |
0.135 | 293280 | 3 |
0.140 | 225541 | 3 |
0.145 | 344396 | 6 |
Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
GLN (ASX) Chart |