AL101,
20c would mean a MC of about $400m for a still loss making company. A few years when only growth counted an easy target, today, when only cash counts - almost impossible.
Old or new board, the sp would be sub 10c due to disappointing sales in the past. If the coming sales numbers increase the sp will go back up to 20c.
The new ones were voted in as the old ones couldn't be trusted to get the sales done. It was that simple and as the new board had /has to clean up the mess left by the old board it proves that the change was needed.
Instead of complaining not to be able to pay 20c for more shares you oldies should be happy to do it for 1/3. Can't see any problems with that.
GLTA
IPD chart, page-856
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Last
6.7¢ |
Change
0.002(3.08%) |
Mkt cap ! $135.5M |
Open | High | Low | Value | Volume |
6.5¢ | 6.7¢ | 6.5¢ | $62.29K | 941.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 107700 | 6.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.8¢ | 60000 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 107700 | 0.065 |
2 | 38981 | 0.064 |
1 | 50000 | 0.063 |
1 | 24500 | 0.062 |
2 | 25000 | 0.061 |
Price($) | Vol. | No. |
---|---|---|
0.068 | 60000 | 3 |
0.069 | 200000 | 1 |
0.070 | 205251 | 4 |
0.071 | 156845 | 2 |
0.072 | 200000 | 1 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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IPD (ASX) Chart |