The companies announcement to me does not sound like a disaster rather prudent management taking the right decisions at the right time.
The release also emphasises the fact Africa is not effected nor the magnetite project which i expect will be sold off imo.
Whilst disappointing, the ann sounds assertive and even positive. I would not be surprised that the administrator is looking to sell the project as a going concern which may be attractive to a larger miner who can leverage operational scale. As such I expect this will be wrapped up within a few months to positive effect.
I also expect good new out of Africa on the Ni front and assert the market has grossly over reacted as it usually does.
atm the stock is a good high risk punt. Personally will be doubling at these levels
GLTA
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1.0¢ |
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Mkt cap ! $48.69M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $30.28K | 3.028M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
45 | 13003955 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 4568205 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
45 | 13003955 | 0.009 |
20 | 10898904 | 0.008 |
11 | 7214435 | 0.007 |
6 | 5835000 | 0.006 |
11 | 7368511 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 4568205 | 12 |
0.011 | 9107303 | 16 |
0.012 | 3737606 | 17 |
0.013 | 1212706 | 3 |
0.014 | 2909137 | 7 |
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