Yes. Which kind of backs up my theory it's related to the Phase 2 plans, which may need revising.
I haven't crunched the numbers for a while, but Phase 1 numbers would still keep the wolves from the door. The real profits come with expansion of course.
So if there are years of delays whilst new environmental studies are done, it could mean people will be waiting a lot longer for divvies and may look to invest elsewhere / sell out. If that's the case, then it isn't going to look too pretty for the share price next week.
Have to wait and see what Friday brings and hope for the best.
Yes. Which kind of backs up my theory it's related to the Phase...
Add GLN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
28.0¢ |
Change
0.005(1.82%) |
Mkt cap ! $115.6M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 29.0¢ | 27.5¢ | $464.8K | 1.649M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 264977 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.5¢ | 30000 | 1 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
|
|||||
|
Last
28.5¢ |
Change
0.005 ( 1.79 %) |
||||
| Open | High | Low | Volume | ||
| 28.0¢ | 28.5¢ | 27.5¢ | 692857 | ||
| Last updated 15.58pm 02/05/2024 ? | |||||
| GLN (ASX) Chart |