During the webinar he said they got about 10m in cash. That's where I got it from.
Many stocks fall below CR price, it is just the ASX way.
Some may calculate the following:
3 shares cost 6.6c. 2 free oppies, maybe trading at 0.5c = 5.6c total cost if sold at 0.5c or kept at higher price
That way total cost for 3 shares max 5.6c = 1.9c / 1.8c, hence the possibility some selling for 1.8 / 1.9c av just to stick with oppies and to move on to next CR. Av 1.8 / 1.9c could mean for some to go as low as 1.6c if they managed last week to sell at 2c and higher.
That's why often the sp falls a lot lower than CR price when oppies attached compared to CR without free oppies.
If they achieve what they have planned then nobody won't care about 1.7 - 2c, the sp would be 5c and higher. If not, sub 1c again.
GLTA
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.59M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 3432654 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 1938360 | 4 |
View Market Depth
| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
| W2V (ASX) Chart |
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