I am truly lucky that i didnt buy at 52 support.
the word offtakes and funding nowadays have so many conditions that are not transparent to us.
I find most concerning from this statement when thrn mention alternative funding solutions. If glencore drag on for another 3 to 6 months, they can technically buy GLN at much cheaper price. Many instos got trap at 46c. Will be interesting to see when new shares available for trading tomorrow.
"
The equity raising enhances Galan’s balance sheet by providing additional working capital and financial flexibility during Hombre Muerto West (HMW) Phase 1 construction and provides sufficient working capital headroom whilst Galan finalizes negotiations of alternative funding solutions including debt and prepayment facilities that will enable completion of HMW Phase 1."
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- Ann: $19.5m Raising to Fund Ongoing Development of HMW Phase 1
Ann: $19.5m Raising to Fund Ongoing Development of HMW Phase 1, page-73
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Last
14.0¢ |
Change
-0.005(3.45%) |
Mkt cap ! $70.93M |
Open | High | Low | Value | Volume |
14.5¢ | 15.0¢ | 14.0¢ | $98.98K | 680.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 698635 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 23479 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 668452 | 0.140 |
10 | 289914 | 0.135 |
20 | 424330 | 0.130 |
12 | 340963 | 0.125 |
15 | 860650 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 23479 | 7 |
0.150 | 1007315 | 6 |
0.155 | 299600 | 7 |
0.160 | 576955 | 10 |
0.165 | 40000 | 1 |
Last trade - 10.42am 22/08/2024 (20 minute delay) ? |
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GLN (ASX) Chart |