Canaccord ran:
- the $22.0M raise in January 2024, earning 6.0% of placement proceeds (jointly)
- the $31.5M raise in May 2023, earning 5.0% of placement proceeds (sole bookrunner)
- the $50.0M raise in August 2021, earning 5.5% of placement proceeds (sole bookrunner)
It isn’t hard to see why they’re happy to slap a fairly ridiculous price target on Galan (a few ticks below their all-time high of $2.33). When I posted the less-bullish Macquarie note (PT: $0.60 or +103%) I received 3 likes, accusations of bias, and “rubbish report”. When I posted the clearly-biased (see above) Canaccord report (PT: $2.25 or +603%) I received 21 likes and three lightbulbs. Make of that what you will!
Canaccord ran:the $22.0M raise in January 2024, earning 6.0% of...
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Last
28.5¢ |
Change
0.005(1.79%) |
Mkt cap ! $117.7M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 29.0¢ | 27.0¢ | $604.7K | 2.147M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 118181 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.5¢ | 23820 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
29.0¢ |
Change
0.005 ( 2.22 %) |
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| Open | High | Low | Volume | ||
| 28.5¢ | 29.0¢ | 27.5¢ | 831103 | ||
| Last updated 15.58pm 03/05/2024 ? | |||||
| GLN (ASX) Chart |