It is very unusual for a CEO to have to drop everything to fly half way around the world to sign something in person. Less so if it involves final negotiations with a view to signing something.
If he does sign something which is apparently that important, it would have to be announced immediately under the ASX Continuous Disclosure regulations.
My guess is that GLN must be getting concerned about an unwelcome bid coming in, given the the huge valuation discount it is trading on relative to its resource. A strategic partner for 19.9% of the co would not go amiss. Alternatively, a draw-down debt package to cover its Phase 1 funding gap would be handy, but I am only guessing.
It is very unusual for a CEO to have to drop everything to fly...
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add GLN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
17.0¢ |
Change
-0.010(5.56%) |
Mkt cap ! $80.57M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.0¢ | 16.5¢ | $566.8K | 3.303M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 983448 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 166825 | 1 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| GLN (ASX) Chart |