I suspect that the short runway from this raise might be due to management knowledge of a major cash inflow that's close to being finalised. If that's announced over the next few days/ weeks and the $14m is purely bridge financing, the stock will run VERY quickly to a price reflecting the true value
Ann: Galan Investor Webinar, page-110
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Last
16.5¢ |
Change
-0.005(2.94%) |
Mkt cap ! $120.2M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 16.3¢ | $759.7K | 4.550M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 1414432 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 1080 | 1 |
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| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| GLN (ASX) Chart |