I don’t think the GB prospect is that great and, to answer your earlier question, I am not counting on it coming in. If it doesn’t, there are other areas they can drill there, but I am surprised they are spending money on it right now.
I don’t know how the market will react to a duster, but given the stock is not that well supported, it will probably go down. However I think GLN is really cheap as a near-term production story, which is why i bought it recently at around 80c. If it goes down much from here I will buy some more. GLN with either find pre-payment partners for HMW stage 1, or someone will make a bid.
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Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $68.40M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 13.0¢ | $134.4K | 995.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 329915 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 112378 | 8 |
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| Last trade - 12.31pm 21/08/2024 (20 minute delay) ? |
| GLN (ASX) Chart |