it seems like you, just like the directors, fail to understand the effect of going from 350m shares at the start of 2024 to 840m shares now.
Lets say GLN received an offer of US150m at the start of 2024. At the then exchange rate of 0.67 that would have been worth 64c/share.
However with the addition of all these shares, an offer of US150m is only worth 28.5c/share.
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Last
16.0¢ |
Change
0.015(10.3%) |
Mkt cap ! $154.2M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 16.5¢ | 15.0¢ | $1.936M | 12.36M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 750500 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 62622 | 1 |
View Market Depth
| Last trade - 16.11pm 25/07/2025 (20 minute delay) ? |
| GLN (ASX) Chart |