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Gullewa Limited ( (AU:GUL) ) just unveiled an announcement.
Gullewa Limited has increased its shareholding in Central Iron Ore Limited to 70.5% after participating in CIO’s rights issue, subscribing AUD$1.79 million at CAD$0.072 per share for 23,143,594 new shares. The company now holds 46,287,188 CIO shares and a substantial package of warrants, including 6,515,000 existing warrants exercisable at CAD$0.08 to April 2029 and 23,143,594 new warrants exercisable at CAD$0.12 to October 2030, further consolidating its control and future optionality over CIO and reinforcing its strategic commitment to the iron ore sector.
The most recent analyst rating on (AU:GUL) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Gullewa Limited stock, see the AU:GUL Stock Forecast page.
More about Gullewa Limited
Gullewa Limited, listed on the ASX under the code GUL, is an Australian investment company with interests in resource-sector assets, notably including a controlling stake in Canadian-listed Central Iron Ore Limited (CIO). Through its holdings, Gullewa gains exposure to iron ore and related mining opportunities, positioning itself as a resource-focused investor across Australian and international markets.
Average Trading Volume: 111,064
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$22.89M
For detailed information about GUL stock, go to TipRanks’ Stock Analysis page.