I look at it this way. I jumped in recently at very low 20s and here we are at 32 in a short space based on anticipation. That's circa 46% and we haven't really drilled anything yet.
Should we hit anything even half decent, what's another 46% from here?
Takes us close to the half dollar mark.
The power of compounding and the frenzy that feeds on itself in a stock with pretty tight scrip (143 million FPOs) can be an amazingly explosive thing in a very short space of time.
If there proves to be anything remotely commercial downhole then its all bets are on and like Galileo himself we look to the stars.
GAL - Chart Thread, page-212
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Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $26.67M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 12.5¢ | $31.10K | 237.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 24579 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 16775 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| GAL (ASX) Chart |