Come on guys, of course there will be a CR, nothing to fear and a good thing, bring in an equity partner for ~10mill shares @ 50-60+c, gives a strong balance sheet to attack more drilling, JORC and other acquisitions... with negligible dilution if you were a board member with the SP where it is its a no brainer, options conversion adds to the balance sheet of course, but you cannot control when they will be exercised to a certain degree.
If you were on the GLN board, this is what you would do, if for nothing else to put you in control rather than waiting for options or taking on debt....
IMO, most of you have talked yourselves into believing a particular narrative and not being objective, which is understandable when you get emotionally involved.
By the end of the calendar year, we should have a JORC, <200mill shares on issue (including performance shares) and a SP in the $1+ range and a strong balance sheet, whats not to like about that.
Looking fwd to next week
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Come on guys, of course there will be a CR, nothing to fear and...
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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 |