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
I feel a bid is coming very soon. Just look at the shorting...
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Last
$1.43 |
Change
-0.010(0.70%) |
Mkt cap ! $1.620B | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.44 | $1.40 | $5.115M | 3.599M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7970 | $1.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.43 | 18415 | 1 |
View Market Depth
| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| WAF (ASX) Chart |