Your post correctly recalls GLL management statement on status of Glenaras. These are facts and are not in dispute. Until the situation with options are clarified expect the SP to trade around the 75c price. It makes no sense at all for them to be gobbled up if the Glenaras status was negative. Becoming clearer that Cannacord intent on taking a decent position in the coy, not forgetting they are probably making early call on Surat and Bowen Basins.
Ann: Galilee Strengthens Balance Sheet, page-14
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