It can happen, and the recipe is there for GLN. Tight register, potentially shaping to be a monster resource, insatiable industry demand profile, supply not increasing as per forecasts. May just be right team, right time, right place.
It's happened before, and not that long ago. Mid 2012. Nova discovery. SIR share price 5c at the time, within 3 months it got to over $2.50, and within 9 months it hit a high of $5. No one would have believed that back when it was 5c. Taken over for $1.8 billion. It helps when M. Creasy had a 35% stake. Not many in the free float I imagine. Sound familiar?
Very slight chance everything will line up perfectly to have the Sirius style run but you never know. The eye opening thing about GLN, is the peer valuation comparisons and the Posco purchase.
General Discussion Banter GLN, page-1829
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $60.50M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.5¢ | 13.5¢ | $232.3K | 1.669M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 2178553 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 746751 | 10 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| GLN (ASX) Chart |
