DFS report will have been delivered by the consultant and Galan staff are reading through the final draft. Now that information is known to a select few the halt is required to prevent any insider trading from going on during the couple of days between reading the draft and it being published to the ASX. That's my take on it anyway and pretty standard procedure - nothing to be concerned about.
On the positive side it puts it on the radar as dropping Monday, and also pushes it into the new FY where there will likely be a natural bounce in SP as tax loss selling is over.
DFS report will have been delivered by the consultant and Galan...
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Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $67.18M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.5¢ | 13.5¢ | $235.7K | 1.709M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 560643 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 38984 | 5 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| GLN (ASX) Chart |