The brokers are visiting because GLN need to raise cash for the next stage of their development. Expect some bullish PT’s to come out soon as they jockey for position to lead the raise and earn their fat fees. That’s just how it works, fam.
The timing was perfect (given the AKE news) but these guys didn’t all immediately hope on a plane just to scout out the next sale - stuff like this gets planned way in advance. So the timing was fortuitous.
I don’t want to rain on the parade but this pump is exactly what they need to raise into, before it gets sold down…
General Discussion Banter GLN, page-11901
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Last
16.5¢ |
Change
-0.005(2.94%) |
Mkt cap ! $78.20M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.0¢ | 16.0¢ | $322.1K | 1.957M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 737605 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 67107 | 3 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| GLN (ASX) Chart |