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Notsomuch a ghost town as a piggy bank
Whilst foraging around ASX-listed royalty companies for potential investment opportunities, the strange little case of Gullewa Ltd (ASX:GUL) popped up. Gullewa trade with a 365-day VWAP of $0.074/share (longer term trend more like $0.06/share) and average daily volume of ~10,000 shares/day (i.e.: basically illiquid). They have $9.1mil cash in hand, $1.7mil in current assets and…
