That's wildly optimistic. Base case is an extended EIS for Stage 2 which will complicate funding and execution of Stage 1.
The test for this board will be how quickly they can stop construction and meet their existing liabilities (including the road that JP looks like he has just committed to last week - presumably paid for by our ATM facility).
We could be looking at the end of the road for the existing management team. Share price will take a hammering saldy, and then we hopefully can put in a new team and come back out blazing with a proper board/team and a path to being what we should have always been - a $1bn+ company.
Ann: Suspension from Quotation, page-19
Add GLN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
19.0¢ |
Change
-0.005(2.56%) |
Mkt cap ! $90.04M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 19.0¢ | $110.4K | 572.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1230297 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 128967 | 6 |
View Market Depth
| Last trade - 16.10pm 13/06/2024 (20 minute delay) ? |
|
|||||
|
Last
19.0¢ |
Change
-0.005 ( 2.56 %) |
||||
| Open | High | Low | Volume | ||
| 19.5¢ | 19.5¢ | 19.0¢ | 326260 | ||
| Last updated 15.59pm 13/06/2024 ? | |||||
| GLN (ASX) Chart |