I've got another theory that I haven't seen floated as yet. Galan knew the commercial agreement for export was in the works, and wanted that to help negotiate improved terms to Glencore's first offer in the marketing agreement. Thus the holdup may not actually have been solely Glencore but more the govt negotiations for the export arrangements. If my thesis is correct although the formal licence is not under lock and key yet the commercial agreement and with it confirmation that GLN is good to proceed with the current strategy may have been the key thing both GLN and Glencore were waiting for. If so we may see news relatively soon.
I've got another theory that I haven't seen floated as...
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Last
28.5¢ |
Change
-0.010(3.39%) |
Mkt cap ! $119.7M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 28.5¢ | $209.0K | 719.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 70798 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 149673 | 10 |
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| Last trade - 10.59am 09/05/2024 (20 minute delay) ? |
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Last
28.8¢ |
Change
-0.010 ( 1.27 %) |
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| Open | High | Low | Volume | ||
| 29.5¢ | 29.5¢ | 28.8¢ | 104875 | ||
| Last updated 10.49am 09/05/2024 ? | |||||
| GLN (ASX) Chart |