Intrigued as to what valuation methods might be used for strike share price of GLL
is it , as sduxiaof eludes to ... proceeds of sale to BTU only & nothing for everything else such as potential 50% of 20 TCF, or perhaps a scenario of existing shareholders playing santa claus for those with a buy bid of just over 20cents a share.
Need GLL to get proceeds funds in & then spend approx $12M of that on exploration on their 100% owned permit to prove up the resources & get out what might be a favourable upbeat JORC statement
Looks more like a long term re-rating but who knows the share price re-rating could happen sooner than later
gll price, page-3
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Last
1.1¢ |
Change
0.001(10.0%) |
Mkt cap ! $5.757M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.1¢ | 1.0¢ | $2.724K | 248.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1551000 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 634987 | 1 |
View Market Depth
| Last trade - 12.55pm 03/12/2024 (20 minute delay) ? |
| GLL (ASX) Chart |
