Raising funds - Yes.
1.2b preCon - Yes, why not, 1b more or less won't matter anymore, 1,2b x 1.5c = 1.2x10^9 x 1.5 x 10^-2 about $1.8 x 10^7 = $18m. That won't last long.
But the price is not determined, just the % and that leaves the door open to drive the sp down as we have seen a few times before at IMU and CHM and the results of that type of raising have been devastating.
Again, same people, same wrong decisions, same terrible results.
GLTA
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $89.60M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.1¢ | $170.4K | 14.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 62 | 14284539 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 10768790 | 22 |
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| Last trade - 12.57pm 25/06/2025 (20 minute delay) ? |
| IMU (ASX) Chart |