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
12.0¢ |
Change
0.010(9.09%) |
Mkt cap ! $71.52M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.0¢ | $266.6K | 2.301M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25960 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 281582 | 5 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| GLN (ASX) Chart |