The issue is getting debt and equity raising become extremely hard in this environment. Interest rate is also high.
many companies have sufficient cash for 12 months to navigate around.
gln basically will run out of cash next quarter. They have to raise money again at very low price unless Glencore or other chinese players partnership but they will take a big stake of GLN at lower price.
The issue is getting debt and equity raising become extremely...
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Last
13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $68.40M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 13.0¢ | $189.5K | 1.405M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 591084 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 40260 | 2 |
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| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| GLN (ASX) Chart |