3 positives for gln "potentially"
1. Material acquistion on the cards (coal?)
2. Legal recourse for previous coal deal - could be in the millions?(can anyone enlighten me how or why they wrote off over 18 million for the failed deal)
3. Ground north of Sandfire resources
if any of the above 2 scenarios occurs, which is fairly probable,we will see multiples of current 7m Market cap
if I am reading this right gln did a conversion for 11 shares for every 1 share owned about a year ago- which means that sp has fallen more than 90% since the coal acquistion announcement.
alert, page-3
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Mkt cap ! $11.34M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
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| 95.0¢ | 1100 | 1 |
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