Ah well.
Hopefully the info is true. 750mill SOI is ok long term if no other dilution occurs. A diluted producer is much much better than bankrupt.
Thumbs up to the $24 mill raise. It puts to bed a bad cycle of little raises. The lithium price is not recovering anytime soon. So rip the band aid off once and for all. Raise enough. Cop the dilution. Build stage 1. Save some money. Go to stage 2 in 2027 and the story starts again.
Ann: Trading Halt, page-61
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Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $74.50M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.0¢ | 12.0¢ | $845.8K | 6.578M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 471255 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 1097576 | 25 |
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| Last trade - 13.59pm 10/10/2024 (20 minute delay) ? |
| GLN (ASX) Chart |