GLL 4.35% 2.2¢ galilee energy limited

SimplyWallstreet best stock of the week, page-7

  1. 423 Posts.
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    Hi GLL sufferers,

    Question to all (even Pakkham)

    Why would the company consider doing a CR, when it's options are only a few months away from needing to be exercised (48 cents), in order to convert to full shares ???
    In round figures I think there's about 40 plus million options, that's about $20 million dollars that can come in for all the directors to share over the next few years while we wait for our C3 grade gas showing.
    In this market it would be easier to create some new interest in this long dragging saga rather than beg to sophisticated shares holders and current stock holders for more money.
    Any thoughts???

 
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Last
2.2¢
Change
-0.001(4.35%)
Mkt cap ! $7.474M
Open High Low Value Volume
2.3¢ 2.4¢ 2.2¢ $6.879K 301.9K

Buyers (Bids)

No. Vol. Price($)
2 231299 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.5¢ 1368 1
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Last trade - 14.08pm 21/06/2024 (20 minute delay) ?
GLL (ASX) Chart
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