The opportunity for wealth creation is real whether that comes from Collerina's JORC or a perfect timing combo of something coming out of the Chilean JOGMEC partnership and then there's Cobar with gold itching to break A$1800+
But what gives HLX the impetus for that wealth creation is its capital structure. With still only around 400m shares on issue where the top 20 holders account for 37% of units and where the top 3 of those hold around 17% means that a revaluation can be explosive. Just to get to a measly 75m market cap would mean a sp just shy of 20c.
For that you have to credit a steady stewardship and Wilson has to get credit for that. Sure on face value it looks like a dud with a 9m mkt cap and a 2c share price but when we go from FONGO to FOMO it will be the true believers who will be vindicated.........and if that doesn't eventuate there's always the old age pension to fall back on.
GLTAH
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Last
0.3¢ |
Change
0.001(20.0%) |
Mkt cap ! $9.792M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $119.5K | 39.84M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 170000 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 55706220 | 46 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 170000 | 0.003 |
78 | 157532459 | 0.002 |
22 | 107099981 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 55706220 | 46 |
0.005 | 18084932 | 21 |
0.006 | 10552421 | 12 |
0.007 | 4929166 | 5 |
0.008 | 2428979 | 3 |
Last trade - 15.31pm 06/08/2024 (20 minute delay) ? |
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HLX (ASX) Chart |