I'm actually quite bearish on funding being sorted before a capraise but I disagree with you that this pump today will lead to them triggering the cap raise.
My reasoning as to the pump today in order of likelihood is:
1. Low liquidity and SOI of GLN = outsized green on a broad market green day.
2. Leaky ship
3. Encumbents taking up a stake in echo of moves that have been happening in WA.
General Discussion Banter GLN, page-13553
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Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $80.57M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.3¢ | 16.0¢ | $423.1K | 2.536M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 478338 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 71038 | 4 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| GLN (ASX) Chart |