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1.4¢ galilee energy limited

News: GLL Galilee Energy Ltd Seeks Trading Halt, page-21

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10,489 Posts.

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04/12/18

11:34

Post #: 36741795
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Originally posted by laraway: ↑

Hi guys

Yes I agree there have been plenty of small companies doing a CR before results and only to disappoint. I’ve been caught up in may of them like everyone else.
However I’ve never been involved with a company that in the last 4 months has had major institutions jumping on its share register and has made Jemima fast forward its gas line in our direction. Read in it what you may, but don’t compare GLL to other small mining companies.
The directors have the runs on the board and have done this before. How many of the failed CR from those other companies had directors holding around 5% of the company? And propose a resolution to reward themselves only if we find gas? This is not an apples with apples situation. I see this as a rare once in a lifetime investment opportunity.
DYOR and good luck to all who are coming for the ride.

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This basin was always hard to extract gas and for that very reason AGL energy gave up their 50% interest in the project 3 years ago... Maybe they knew something, maybe not... But the risks are there and that's why the market cap is low compared to if there is a positive outcome... If gas does indeed flow commercially there will be substantial upside, and that's the risk we are all taking...

GLL Price at posting: 61.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.4¢		Change 0.000(0.00%)		Mkt cap ! $5.757M

Open	High	Low	Value	Volume
1.4¢	1.4¢	1.4¢	$84	6K

Buyers (Bids)

No.	Vol.	Price($)
1	124618	1.4¢

Sellers (Offers)

Price($)	Vol.	No.
1.5¢	1900008	2

View Market Depth

No.	Vol.	Price($)
1	799703	0.012
5	644898	0.011
3	600000	0.010
3	611112	0.009
2	185000	0.008

Price($)	Vol.	No.
0.013	70000	1
0.014	48500	1
0.016	100000	1
0.018	27000	1
0.019	525237	3

Last trade - 15.57pm 22/11/2024 (20 minute delay)

GLL (ASX) Chart