Hey Rick,
No, Eastern Star Gas was a totally separate legal entity, nothing to do with Galilee. Luckily enough for us though, the brains trust that masterminded the Eastern Star project is now with Galilee including Peter Lansom.
At the time the offer of $924M was put to Eastern Star, the company's share price was 59c - the offer was accepted and so the shares went up in value to 90c. Eastern Star had 1 billion shares on issue, GLL has just over 204M SOI so the upside for us is FAR FAR greater. If for argument's sake we received an offer of $1B, our share price would skyrocket to $4.90.
We have a very low number of SOI, which is really a credit to management that we've managed to get this far with minimal dilution. I don't know how many shares will be issued as part of this CR but I wouldn't imagine that it will hurt us too much.
Hope this helps....
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Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.243M |
Open | High | Low | Value | Volume |
1.4¢ | 1.4¢ | 1.3¢ | $810 | 60.14K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 614045 | 1.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 1372140 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 614045 | 0.013 |
2 | 999702 | 0.012 |
7 | 2666909 | 0.011 |
3 | 1500000 | 0.010 |
1 | 300001 | 0.009 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 1372140 | 2 |
0.015 | 1293333 | 2 |
0.019 | 1010789 | 1 |
0.024 | 1338800 | 2 |
0.025 | 192000 | 2 |
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