GLN 4.44% 21.5¢ galan lithium limited

If I knew nothing about GLN, the "erratic" and perhaps "gung ho"...

  1. 2,382 Posts.
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    If I knew nothing about GLN, the "erratic" and perhaps "gung ho" management team, disastrous handling of our finances, latest emergency backup ATM facility (let's hope it's never needed as it will create months of selling pressure and erode even more value), I'd look at the sector / company overall / chart, and think, you know what, it's seemingly hit rock bottom already, was over $2 not that long ago, Li prices are gaining momentum, they are less than 18 months away from shipping product, and the mine build is going incredibly smoothly (not a great deal can go wrong when simply lining ponds, let's face it).

    Volume dropping off, oversold of late, momentum at a turning point (either way - hopefully heading green), MA's at an impasse ... has to break one way or another real soon:

    https://hotcopper.com.au/data/attachments/6100/6100448-010ab856456d310c994d64531e077b02.jpg


    Will the market give the board a vote of "no confidence" on Monday after Friday's ANN, or will it be seen simply as a backup, and something which would see us through for a few months if absolutely needed?

    I'd like to see the export license granted, which would give us a shedload more optionality in financing / offtake partners. Doing a deal with Glencore now under unfavourable terms, would really come back and bite us in the butt down the track.
 
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Last
21.5¢
Change
-0.010(4.44%)
Mkt cap ! $101.6M
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22.5¢ 22.5¢ 21.5¢ $244.9K 1.118M

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12 481870 21.5¢
 

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Price($) Vol. No.
22.0¢ 35607 2
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Last trade - 16.10pm 03/06/2024 (20 minute delay) ?
Last
21.5¢
  Change
-0.010 ( 4.10 %)
Open High Low Volume
22.0¢ 22.5¢ 21.5¢ 632581
Last updated 15.58pm 03/06/2024 ?
GLN (ASX) Chart
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