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.
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Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $59.24M |
Open | High | Low | Value | Volume |
12.0¢ | 12.5¢ | 12.0¢ | $115.5K | 949.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 626553 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 268823 | 25 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 627737 | 0.120 |
20 | 810581 | 0.115 |
19 | 736590 | 0.110 |
16 | 842056 | 0.105 |
20 | 728790 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 268823 | 25 |
0.130 | 306287 | 10 |
0.135 | 107200 | 7 |
0.140 | 365514 | 3 |
0.145 | 20000 | 1 |
Last trade - 13.53pm 08/08/2024 (20 minute delay) ? |
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GLN (ASX) Chart |