2c...as in relation to reverse takeover to avoid a consolidation of shares. Those other companies were not reverse takeovers - just regular capital raising. No restriction on price.
Perhaps much of the market doesn't comprehend this - and thinks the company has a choice.
Simply put - GAL cannot do this capital raising at below 2c without consolidating shares - and a consolidation is something that GAL has just ruled out.
Government of China deal/China Office, page-53
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Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $26.67M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 12.5¢ | $31.10K | 237.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 24579 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 16775 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| GAL (ASX) Chart |