The statement with no time frame:
'The Company is pleased to advise it has now shortlisted partners and financiers in order to conclude a definitive sales agreement and financing in the near term'
Define near term? Is that 2 months, 6 months? How many partners are shortlisted? What does shortlisting even mean!
A11 has been going through a second stage DD with a number of parties (cant remember how many they stated) and is so far 7 months and counting. This is after they received non-binding indicative offers.
I cant see this being finalized as quick as GLN would like, unless they do some sort of rushed deal.
Ann: Company Update, page-23
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Last
13.0¢ |
Change
-0.005(3.70%) |
Mkt cap ! $77.48M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.0¢ | 12.0¢ | $1.251M | 9.899M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 5023869 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 193698 | 2 |
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| Last trade - 16.10pm 17/10/2024 (20 minute delay) ? |
| GLN (ASX) Chart |