Australia's largest stock trading and investment forum Australia's #1 stock forum

GLN

Click for more information

3.23%

15.0¢ galan lithium limited

Thanks for sharing. From GLN Security Trading Policy, does that...

First 13798 Last

Share
Profile

Follow
Lorry2022

148 Posts.

6

13/12/23

16:20

Post #: 71430501
Share

Originally posted by mondyinvest: ↑

No, that's confused me even more, RE. I had a quick look at the Galan's Security Trading Policy (here: https://galanlithium.com.au/wp-content/uploads/2023/02/GLN-Security-Trading-Policy.pdf) and that confirms that they can't currently be in possession of price sensitive information. But the policy itself is fairly light on, they could theoretically still organise and announce a capital raise on Thursday or Friday and they wouldn't be in breach of the policy. The fact that they traded yesterday and had the notices out by 9:30am today (the policy gives them 3 business days) tells me they wanted to send a message of support to shareholders pronto. I do wonder if a T20 holder has decided to sell down for whatever reason and that's caused the flush - and this is management's response. Anyway, I find the whole thing as confusing as the next person, especially given Terry's comments in that recent interview where he flagged the whole 'interim funding' bit. Very bizarre!

Expand

Thanks for sharing.

From GLN Security Trading Policy, does that mean the closed periods are 5 business days even if CR is a price sensitive information?

GLN Price at posting: 47.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

PAM

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

SGP

Things finally 'looking different' for up-and-down Hot Stock tip Stockland

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

RAD

Radiopharm extends radioimmunotherapy trial to 5 more cancer types

First 13798 Last

Add GLN (ASX) to my watchlist

(20min delay)
Last 15.0¢		Change -0.005(3.23%)		Mkt cap ! $109.3M

Open	High	Low	Value	Volume
15.5¢	16.0¢	14.5¢	$692.5K	4.545M

Buyers (Bids)

No.	Vol.	Price($)
23	1203843	14.5¢

Sellers (Offers)

Price($)	Vol.	No.
15.0¢	34996	2

View Market Depth

No.	Vol.	Price($)
22	1166343	0.145
19	1615533	0.140
8	1067406	0.135
10	1411692	0.130
9	2298086	0.125

Price($)	Vol.	No.
0.150	34996	2
0.155	517816	9
0.160	191026	6
0.165	617127	14
0.170	379907	7

Last trade - 16.10pm 19/11/2024 (20 minute delay)

GLN (ASX) Chart