I agree that an investment of this magnitude relative to GLN’s cash position needs clarifying.
Surely an investment of this nature would require full GLN board approval, and would take into account: a) the value of the investment itself to GLN, and b) the impact on GLN’s cash position, in the context of Galan’s longer-term funding strategy.
At the end of the day, JP and the Board know more about the details than we do, it’s their job. And from what I’ve seen so far regarding Galan’s cash management and tenement acquisitions, I’m sure they have their reasons for it.
I’d be gobsmacked if there’s no GLN announcement covering this investment in the coming days, although an announcement today would have been more appropriate IMO.
GLTAH
- Forums
- ASX - By Stock
- GLN
- General Discussion Banter GLN
General Discussion Banter GLN, page-11057
-
- There are more pages in this discussion • 4,728 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add GLN (ASX) to my watchlist
|
|||||
Last
14.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $73.46M |
Open | High | Low | Value | Volume |
14.5¢ | 15.0¢ | 14.0¢ | $104.0K | 721.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 271268 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 1006621 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 250025 | 0.140 |
8 | 283078 | 0.135 |
14 | 382019 | 0.130 |
11 | 575671 | 0.125 |
11 | 437132 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 906621 | 4 |
0.155 | 310000 | 7 |
0.160 | 676334 | 7 |
0.165 | 20000 | 1 |
0.170 | 36764 | 3 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
GLN (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online