They are broke and any growth will need money and I cannot see them getting much from the share holders .
How will they even get the money to take part in the drilling and completion of Odin 3 ?
Odin 2 will help but it has come on without enough production to solve all their problems and will only deplete from here .
Talk of growth is just talk , they have not offered any plan for the way ahead .
The deal with Glennon was necessary but is vey costly .It may have saved them from immediate insolvency but is a heavy burden on other share holders going forward .
Who is going to stump up more capital with that deal along with the prepayment deal for Vali gas hanging over any future profits of the business .
Hope PAC Partners can come up with some kind of miracle plan .
GLTAH
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.665M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 15729999 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 10393315 | 10 |
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| Last trade - 16.21pm 22/07/2025 (20 minute delay) ? |
| MEL (ASX) Chart |
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