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.
Ann: $19.5m Raising to Fund Ongoing Development of HMW Phase 1, page-96
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Last
21.0¢ |
Change
-0.005(2.33%) |
Mkt cap ! $99.27M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.0¢ | 21.0¢ | $372.9K | 1.743M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 1678210 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 57352 | 1 |
View Market Depth
| Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Last
21.3¢ |
Change
-0.005 ( 1.16 %) |
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| Open | High | Low | Volume | ||
| 22.0¢ | 22.0¢ | 21.0¢ | 752744 | ||
| Last updated 15.50pm 06/06/2024 ? | |||||
| GLN (ASX) Chart |