I filled my boots.
Great opportunity to top up and while painful seeing a 31% drop the future is IMO is very good.
Expecting a significant over subscription and and scale back as I see Shareholders capped at AUD$30,000. I could take the chance to wait and as I expect the Share to significantly increase post 11th January 2024 I bought as much as could now.
A number of opportunities could arise from here, including M&A activity which would be very disappointing as unlikely to achieve what the company will be worth this time next year. IMO as I have mentioned previously expecting 4x today's share price.
News flow is certain as the company is currently undertaking new drilling to increase resource and life time value, plus the Dagger project is completely un recognised in valuation.
Patience required here, institutions buying in is a very good signal and US government funding will further de risk this as far as shareholder sentiment is concerned.
Short term pain for long term gain GLA
Ann: Trading Halt, page-83
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $318.7M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 9.9¢ | $2.282M | 22.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 700639 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 982989 | 17 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| PEN (ASX) Chart |