GLN 2.94% 16.5¢ galan lithium limited

Ann: Drilling Update, page-166

  1. 10,623 Posts.
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    IMO all the hope that there a significant resource is deeper is misguided. Galaxy had the option to purchase these tenements early on and chose not to and they would have done their homework.Also with $300 mil USD on hand you'd think if galan were an attractive proposition, they would be an attractive acquisition to lower galaxys tax bill

    bottom line, galan went into a trading suspension just to announce drill results. To put a positive spin on things ? your guess is as good as mine but with a market cap of only $60 mil, it's not rocket science why there has been no takeover offer for galan from its neighbour

    disclosure should read not held... too quick to post. Also a project as advanced and as proven as galaxy has yet to find a partner 6 months later than planned. Sorta speaks for the whole Argentina lithium basin.... where is the interest. good luck holders
    Last edited by remirez: 12/03/19
 
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