GRL godolphin resources limited

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I understand what your saying although in the last month or so,...

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aliscrazy

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20/05/20

14:19

Post #: 44727781
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Originally posted by prawn_man: ↑

No worries amigo. I have been a bit puzzled by the recent selling (ie especially over the few weeks). According to the recent announcement, whoever holds GRL shares on 5th June will get one free option (a loyalty option) for every three share held. These options can't be traded, but you can pay 20c anytime within the next 2 years to claim them. So, if you think that there is a good chance that the shareprice will be greater than 20 cents at some stage in the next two years, then it is a very low-risk way of being in the game. As far as I understand you can sell the original shares after 5th June & just hold the options, without losing the loyalty options. Someone may be able to confirm that? It makes sense from the company's perspective - they are doing a capital raise everytime someone claims their options. (It's equal to about 20c x 20 million shares = $4million). At the moment sellers are giving up this opportunity at a shareprice of about 15-16 cents with only about 2 weeks to wait. GRL has about $5 million, so because of the loyalty options they mightn't have to raise capital/dilute with sophisticate placements or SPP for many years.

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I understand what your saying although in the last month or so, you could of picked up 100ks of worths of shares under 13c so why buy in just to get the right to pick up shares at 20c? Did you see what happened to ARL after the spin off? I doubt the rush to get GRL shares was worth it.

Last edited by aliscrazy: 20/05/20

GRL Price at posting: 15.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 0.9¢		Change 0.000(0.00%)		Mkt cap ! $4.039M

Open	High	Low	Value	Volume
0.9¢	0.9¢	0.9¢	$151	16.77K

Buyers (Bids)

No.	Vol.	Price($)
14	4592560	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	1118893	5

View Market Depth

No.	Vol.	Price($)
14	4592560	0.009
7	2400000	0.008
8	3828627	0.007
4	966833	0.006
5	2293699	0.005

Price($)	Vol.	No.
0.010	1118893	5
0.011	1575101	2
0.012	1033005	3
0.013	577410	6
0.014	1146889	3

Last trade - 16.10pm 20/06/2025 (20 minute delay)

GRL (ASX) Chart

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