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GRL godolphin resources limited

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Ann: Trading Halt, page-58

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WineCollector

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06/11/20

16:02

Post #: 48693886
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Originally posted by magus: ↑

If David Greenwood the CEO of GRL worked at Hartleys and now we are paying them $210k (6%) and the 3M options in the current strong climate for gold then this capital raise DOES NOT pass the smell test in my opinion. It is not a good deal for current shareholders.

So GRL had a capital raise it didnt need yet, at a terrible price with a large chunk of free options to the broker.

The new shares on issue will now be around 83 million and Hartleys with their 3m options @ 40c will have an option on nearly 5% of the company for free.

This is also over 15% of the capital of the company so I guess it needs a shareholder meeting ? Anyone knowledgeable care to comment on this ?

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I agree, doesnt pass the sniff test and you have to question whether the board are doing their jobs.

https://www.linkedin.com/in/david-greenwood-14963184/?originalSubdomain=au

GRL Price at posting: 27.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.0¢		Change 0.001(11.1%)		Mkt cap ! $4.488M

Open	High	Low	Value	Volume
0.9¢	1.0¢	0.9¢	$5.188K	537.0K

Buyers (Bids)

No.	Vol.	Price($)
11	3303193	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	241273	2

View Market Depth

No.	Vol.	Price($)
11	3303193	0.009
8	2785000	0.008
6	1756627	0.007
4	966833	0.006
4	2143699	0.005

Price($)	Vol.	No.
0.010	241273	2
0.011	1933562	3
0.012	1010000	2
0.013	636419	8
0.014	172400	3

Last trade - 16.10pm 27/06/2025 (20 minute delay)

GRL (ASX) Chart

Ann: Trading Halt, page-58

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