It is all about leverage. We can assume that heads will move towards 10c+ in the future with more and more demand for its products. They had an insider on ABC yesterday stating that there is already a shortage of medical cannabis in QLD to satisfy demand when new legislation become effective in March'17.
Heads at 10c, oppies will still follow at 3-4 c difference. That would double the heads from now and triple oppies in value. That's why oppies are so attractive, with 6.5c and nearly still 3 years to expire. And when buying now 3 times more oppies for the same money the advantage is 4-5 fold.
GLTA
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Last
33.5¢ |
Change
0.030(9.84%) |
Mkt cap ! $16.21M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 33.5¢ | 30.0¢ | $1.872K | 5.611K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5553 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 485 | 3 |
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| Last trade - 14.49pm 02/09/2024 (20 minute delay) ? |
| RGT (ASX) Chart |