GLL
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8.33% 2.6¢ galilee energy limited

Ann: September 2018 Quarterly Report & Appendix 5B, page-2

  1. Glitterati
    10,193 Posts.
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    31/10/18
    11:18
    Post #: 36329571
    I don't think at a CR is on the cards at all given that GLL has no debt and $7.5M sitting in their bank account. I'm not a CSG expert and so I don't know exactly how long the dewatering phase should last but my impression from reading the company's past updates is that it is part of the process and needs to continue for an extended period of time; I don't see an negatives there, anyone is welcome to jump in and correct me on that if I'm mistaken. 
    GLL Price at posting: 67.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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