The companies announcement to me does not sound like a disaster rather prudent management taking the right decisions at the right time.
The release also emphasises the fact Africa is not effected nor the magnetite project which i expect will be sold off imo.
Whilst disappointing, the ann sounds assertive and even positive. I would not be surprised that the administrator is looking to sell the project as a going concern which may be attractive to a larger miner who can leverage operational scale. As such I expect this will be wrapped up within a few months to positive effect.
I also expect good new out of Africa on the Ni front and assert the market has grossly over reacted as it usually does.
atm the stock is a good high risk punt. Personally will be doubling at these levels
GLTA
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Last
0.6¢ |
Change
0.001(20.0%) |
Mkt cap ! $29.21M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.5¢ | $7.59K | 1.315M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
72 | 29475953 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 19315300 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
67 | 28605953 | 0.005 |
20 | 12387208 | 0.004 |
16 | 19335664 | 0.003 |
10 | 16600001 | 0.002 |
8 | 29871000 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 19315300 | 16 |
0.007 | 4854930 | 17 |
0.008 | 5494557 | 15 |
0.009 | 5268287 | 11 |
0.010 | 7127129 | 15 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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