I’m with you 100% on this one. Dilution for dilutions sake is never good, but Galan’s management have consistently invested 90% of all capital received into the project. I’m also very pleased with Chemphys participating and buying 40m + shares, I hope they push for a seat on the board. I can’t see why they would participate to that extent but then deny Galan the prepayment in coming months.
In my opinion Galan is now “unofficially” fully funded, and I’m hopeful of a more positive narrative in regards to pricing in the coming months, with the recent closures in China.
In short term, I see more volatility, with spot pricing and the SP, but over the next 12months, I believe that JP and team will succeed and take this all the way. Sure is looking likely.
Not advice. DYOR.
- Forums
- ASX - By Stock
- GLN
- Ann: A$25m Capital Raise to Support Full Funding of HMW Phase 1
Ann: A$25m Capital Raise to Support Full Funding of HMW Phase 1, page-73
Featured News
Add GLN (ASX) to my watchlist
|
|||||
Last
12.0¢ |
Change
0.010(9.09%) |
Mkt cap ! $60.80M |
Open | High | Low | Value | Volume |
11.0¢ | 12.5¢ | 11.0¢ | $518.0K | 4.475M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 1573785 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.115 |
7 | 472031 | 0.110 |
11 | 947628 | 0.105 |
25 | 1490999 | 0.100 |
2 | 20000 | 0.099 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 1573785 | 9 |
0.130 | 254710 | 7 |
0.135 | 293280 | 3 |
0.140 | 225541 | 3 |
0.145 | 344396 | 6 |
Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
Featured News
GLN (ASX) Chart |