GLL 0.00% 1.3¢ galilee energy limited

Ann: September 2018 Quarterly Report & Appendix 5B, page-2

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 10,351 Posts.
    lightbulb Created with Sketch. 2812
    I don't think at a CR is on the cards at all given that GLL has no debt and $7.5M sitting in their bank account. I'm not a CSG expert and so I don't know exactly how long the dewatering phase should last but my impression from reading the company's past updates is that it is part of the process and needs to continue for an extended period of time; I don't see an negatives there, anyone is welcome to jump in and correct me on that if I'm mistaken. 
 
watchlist Created with Sketch. Add GLL (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.