Gln currently burning around 15m per quarter.
they raised 19.5m with 15m in cash remaining so by end of March they will have around 17-19m left in the bank.
by May they will have to raise a CR again.
more selling pressure until they get debt financing or offtake payments from Glencore.
big mistake to have exclude offtake rights to Glencore??
Ann: Grant of Highly Prospective Greenbushes Tenement, page-11
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Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $80.57M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.3¢ | 16.0¢ | $423.1K | 2.536M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 478338 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 71038 | 4 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| GLN (ASX) Chart |