I feel a bid is coming very soon. Just look at the shorting activity for the past week on shortman. Someone is trying to keep a lid on the share price.
Look at the chart.
This company is a bargain, when you look at the NPV of the two mines they will be operating in less than 2 years.
I may be wrong, but consolidation is happening everywhere. If management were smart they will have a defensive strategy and be putting it in place.
A placement to a friendly wouldn't go astray. Sure it may involve dilution, but they need to do something about the shorters.
GLTA
DYOR
WAF chart, page-356
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 (20min delay)
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Last
$1.47 |
Change
-0.015(1.01%) |
Mkt cap ! $1.505B | |||
| Open | High | Low | Value | Volume |
| $1.46 | $1.47 | $1.43 | $3.915M | 2.691M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8155 | $1.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 43137 | 4 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
$1.47 |
Change
-0.015 ( 1.01 %) |
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| Open | High | Low | Volume | ||
| $1.45 | $1.47 | $1.43 | 727269 | ||
| Last updated 16.00pm 05/06/2024 ? | |||||
| WAF (ASX) Chart |