A 4.35% (per annum) bank return at Gals current share price is a rise of 2.6 cents. This can happen in an hour, let alone a year. Plus, to get a rate of 4.35% (which is an annual return) from a bank you need to keep it in a term deposit (no liquidity on your capital or return) for at least 6 months. No risk...sure. But no reward either. I know where I would rather put my money. I agree with Bullcatcher. This retrace is primarily a result of (pathetically) nervous small investors indiscriminately selling their holdings, probably with very little rational thought, based primarily on emotion and a knee jerk response to other (unrelated) issues. It is very frustrating to watch. Gal has enough cash on hand to continue its exploration activities and build value for at least 9-12 months. He has only scratched the surface of the Mt Thirsty project(s) area and still holds a significant prospective position in the Fraser Range and the Mt Thirsty Co Ni project. Retreat back into your caves if you want to. But if I was Brad, looking to my shareholders for support during this value building stage, I would ensure that anyone who sold the majority of their holdings would be excluded from any further capital raisings. But that's just me.
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Last
18.5¢ |
Change
0.005(2.78%) |
Mkt cap ! $36.56M |
Open | High | Low | Value | Volume |
18.0¢ | 18.5¢ | 18.0¢ | $7.534K | 41.66K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 41799 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 150145 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 41799 | 0.180 |
3 | 132600 | 0.175 |
6 | 393497 | 0.170 |
3 | 160000 | 0.165 |
6 | 101725 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 150145 | 4 |
0.190 | 95336 | 3 |
0.195 | 63000 | 4 |
0.200 | 3000 | 1 |
0.205 | 44000 | 1 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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