Short term catalysts for share price increase:
- trading of the company's securities on the OTCQB - just wait for some of the U.S. investors to enter the market. They love these penny stocks that are < USD 0.015. e.g. a 5 mill share order would cost them approx USD 60,000.
- Pernatty C drilling results from the 1st hole (PSDDH001) that was completed on 15 December should be reported within the next month.
The 2nd hole (PSDDH002) at Pernatty C is well underway. It seems that the backlog at the labs currently is not as bad as it was at the end of 2021.
- Next drilling campaign at Horse Well to be announced shortly.
- If the share price increases to above the 2c level , it would not surprise me to see the Company have the May 2022 options underwritten which would increase the Company's cash by approx another $ 3.2 mill after costs.
At these levels considering the risk/reward potential, this stock is a non-brainer.
GLTAH
Short term catalysts for share price increase:- trading of the...
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Last
0.4¢ |
Change
0.001(33.3%) |
Mkt cap ! $14.35M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $23.18K | 5.795M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 83571074 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 11279994 | 19 |
View Market Depth
| Last trade - 10.02am 07/05/2024 (20 minute delay) ? |
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Last
0.4¢ |
Change
0.001 ( 33.3 %) |
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| Open | High | Low | Volume | ||
| 0.4¢ | 0.4¢ | 0.4¢ | 1375000 | ||
| Last updated 11.41am 07/05/2024 ? | |||||
| CHK (ASX) Chart |