GLN was looking good until I saw it's in ArgentinaMy uncle keeps telling about the hardships in the late 80s when companies were looted. i will stay in europe for my li investments:
people's memories seem to be very short! hyperinflation rocked Argentina in 1989, massive looting and resource companies collapsed. remind me again why hyperinflation is different this time:
https://fredericksburg.com/news/10-stories-of-hyperinflation-in-history/collection_41928fba-f9f3-5186-882a-3d98542a9b1c.html#81989: Argentina
Like many countries on this list, Argentina’s hyperinflation came as a result of war debts. After the country suffered a loss in the Falklands War in 1982, by 1989, only 30,000 people out of 30 million were paying income taxes, according to Reuters.
Monthly inflation rates reached 197% by July 1989, according to the CATO Institute. This resulted in riots and looting for resources until Carlos Menem took over the country.
Is hyperinflation a concern for GLN?
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Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $120.2M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 16.0¢ | $690.6K | 4.196M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 299999 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 284235 | 8 |
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| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| GLN (ASX) Chart |