Forgive my ignorance, but wouldn't it be in the company's best interests to support existing shareholders by not scaling back the SPP.
$1.5M seems ridiculously small.
GLN gets more $ right now v paying interest on debt funding, and shareholders are less disgruntled if they get a full entitlement, meaning SP support and quicker return to uptrend?
Ann: Trading Halt, page-115
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Last
17.0¢ |
Change
-0.005(2.86%) |
Mkt cap ! $123.8M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 16.3¢ | $733.2K | 4.383M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 292428 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 11584 | 2 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| GLN (ASX) Chart |