This might not age well but I can't see us falling below 25c.
We're at that point of equilibrium where the SP incentivises buy-in for those fishing for a TO offer. It also incentivises risk-averse players feeling more willing to risk it at this SP point on the Glencore deal eventually coming through.
Essentially, the downside risks have more-or-less played out, and what may remain (further dilution) is in equilibrium or balanced against large upside potential through Glencore or TO happening.
In the very short term though, one may wish to wait slightly to see if the ATM facility has been tapped.
This might not age well but I can't see us falling below...
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 (20min delay)
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Last
23.5¢ |
Change
-0.005(2.08%) |
Mkt cap ! $99.13M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.0¢ | 23.5¢ | $410.4K | 1.733M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 515957 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 618649 | 13 |
View Market Depth
| Last trade - 10.29am 22/05/2024 (20 minute delay) ? |
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Last
23.8¢ |
Change
-0.005 ( 0.81 %) |
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| Open | High | Low | Volume | ||
| 24.0¢ | 24.0¢ | 23.5¢ | 478534 | ||
| Last updated 10.47am 22/05/2024 ? | |||||
| GLN (ASX) Chart |