I'm actually wondering why they didn't wait to raise funds later.
The share price would certainly increase following the announcement of a binding offtake and funding agreement.
They don't necessarily need all the money immediately, unless it's a condition for the mentioned funding agreement.
Ann: Trading Halt, page-33
Add GLN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
13.0¢ |
Change
-0.015(10.3%) |
Mkt cap ! $77.48M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.5¢ | 12.0¢ | $661.8K | 5.067M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2200 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 716753 | 7 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| GLN (ASX) Chart |