as i said in an earlier post here, i hope i'm wrong. But i'm with @Steini on this.
Remember there will be over 833m new free options with an exercise price of 11.8c (they're raising more than the original $60m now, call it $70m, $35m insto confirmed and i anticipate $35m retail). And that number only goes up if the raise is done lower than 8.4c pending 5 day vwap.
It's a PH orchestrated sh!tshow whichever way you look at it sadly for loyal holders.
GLTA
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Last
4.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $368.1M | |||
| Open | High | Low | Value | Volume |
| 4.9¢ | 5.0¢ | 4.9¢ | $141.0K | 2.878M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 2771051 | 4.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.0¢ | 5499366 | 23 |
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| Last trade - 10.58am 08/10/2024 (20 minute delay) ? |
| IMU (ASX) Chart |