Agree, similarly if we are assuming i) JPMs poor RC, ii) Galaxy has the drill results on our border and iii) the info did somehow leak from JPMs advisory arm to brokerage, why are we not seeing the sell side dry up, given how closly held this stock is.
One could also flip the coin and ask, if GXY has got decent results on the border, why have they not bought up, anything sub 70c would be a steal so why are we sitting at current prices?
It's fun to speculate to the upside but be prepared for the alternative. Don't invest what you can't afford to burn, especially when it comes to such highly speculative plays.
Like many others I am highly optimistic about this stock and it certainly has some great nearology, but at the same time i wouldn't jump off a cliff if they drilled fresh water.
Dyor and gl
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Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $60.50M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.8¢ | 12.3¢ | $212.1K | 1.694M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 295680 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 2021999 | 6 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| GLN (ASX) Chart |
