SP has retreated to $1.05 following downward trend in most markets. An interesting development yesterday, GLL director/s stumped up $1.5m+ for 2.1m options at 0.75cps. The exercise price is not that far from current SP so clearly a lot of confidence in management for a big return on their investment. The die will be pretty well caste by year end.
Yes, I wish I took some profits on many of my holdings earlier in the week .. but only so I could buy more shares in the same companies lower
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
GLL included in analysts top nine picks. Analyst is Live Wire.
Galilee Energy (GLL-ASX)
GLL’s Glenaras gas pilot is reaching a critical point. It recently started to flow small volumes of gas and as de-watering continues, we expect gas rates to increase. If flow rates in the 0.3mnscf/d range are achieved, GLL believes it will be able to book 500PJ of 2P gas reserves. As one of the largest and proximal gas resources to the tight East Coast market, a positive result at the Glenaras pilot will, in our view, result in a material re-rating.
Can anyone tell me what Special Crossing T2 T3 means on ASX. Understand Special Crossing is where broker acts for both parties but what does t2 t3 mean. 8m trade today at close.
Can anyone tell me what Special Crossing T2 T3 means on ASX. Understand Special Crossing is where broker acts for both parties but what does t2 t3 mean. 8m trade today at close.
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