Seen it plenty of times.
If they've hit brine, that is probably the most material information in the history or DMI/GLN. That means people know that its there and insider trading commences.
The Co has done the right thing in putting a halt in place, even if they weren't ready to announce, as now they can take the time needed to get to where they want to be and announce.
I wouldn't be surprised if there was also the updated hole 1 results due. If they were expecting them shortly, then it would be senseless to allow us to trade the first drill results then need a trading halt minutes later, so better just to suspend and get it all out. This point may or may not occur though, but explains it if it does.
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Seen it plenty of times.If they've hit brine, that is probably...
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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($) | Vol. | No. |
---|---|---|
13.0¢ | 2021999 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
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 29/11/2024 (20 minute delay) ? |
GLN (ASX) Chart |