GLL 7.69% 1.4¢ galilee energy limited

Ask yourself is this likely to be a positive or negative for...

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  1. 1,890 Posts.
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    Ask yourself is this likely to be a positive or negative for GLL. Clearly a positive. Cannacord have been involved with the coy for some time in previous CR's and always been supportive of an outstanding outcome. Now that they are prepared to take up any remaining options @ 75c when shares are trading @ 83c speaks for itself. Sure it means a lot more dilution but that is a secondary consideration. More $ for exploration etc of Surat and Bowen Basins.
 
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