I feel a bid is coming very soon. Just look at the shorting activity for the past week on shortman. Someone is trying to keep a lid on the share price.
Look at the chart.
This company is a bargain, when you look at the NPV of the two mines they will be operating in less than 2 years.
I may be wrong, but consolidation is happening everywhere. If management were smart they will have a defensive strategy and be putting it in place.
A placement to a friendly wouldn't go astray. Sure it may involve dilution, but they need to do something about the shorters.
GLTA
DYOR
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$2.28 |
Change
-0.075(3.19%) |
Mkt cap ! $2.582B | |||
| Open | High | Low | Value | Volume |
| $2.33 | $2.34 | $2.26 | $4.734M | 2.061M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 145639 | $2.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.28 | 93944 | 56 |
View Market Depth
| Last trade - 12.28pm 01/08/2025 (20 minute delay) ? |
| WAF (ASX) Chart |