Intrigued as to what valuation methods might be used for strike share price of GLL
is it , as sduxiaof eludes to ... proceeds of sale to BTU only & nothing for everything else such as potential 50% of 20 TCF, or perhaps a scenario of existing shareholders playing santa claus for those with a buy bid of just over 20cents a share.
Need GLL to get proceeds funds in & then spend approx $12M of that on exploration on their 100% owned permit to prove up the resources & get out what might be a favourable upbeat JORC statement
Looks more like a long term re-rating but who knows the share price re-rating could happen sooner than later
GLL Price at posting:
20.5¢ Sentiment: LT Buy Disclosure: Held
