GLN 0.00% 10.5¢ galan lithium limited

General Discussion Banter GLN, page-6380

  1. 848 Posts.
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    Hi All..........thought I would just post a little congrats to all the long term holders as $ 1.30 is a bit of a milestone this week. We finished on $ 1.31 which for me is also a mini milestone as my all in cost is $ 0.31, so I am now at $ 1.00 per share in profit, which is nice feeling. I was down on this share for quite a while as when I first got in , it soon thereafter made its first crazy run above $ 0.50 , pretty much on hype at that point, and I bought up quite a few above $ 0.50 mark , only to have it crash back down and for a number of years thereafter I was averaging down. Thank god I loaded up hard again when we were still sub 20 cents back around September/October last year to get my average back down to $ 0.31.

    There is a few of us that have been here a few years now, AyDee, Stevo111, Marketing Man, MLC2318, RJohnsdon, ggwill, of course the sage Matilla and I still remember Bill Yen who strangely just disappeared. And of course in more recent times we have been joined by 8 horse. Congrats guys on your wins to date. Personally I am not selling any of mine, well at least not for another year, and hope to be hear for quite a while yet. I intend to stay here at least until I feel the market is putting a fair value on our projects. If you have LKE at $ 700 M and Vul at $ 1.40 Bn and both of those companies do not even have a proven technique to get to production, it just highlights either they are ridiculously over valued or we are ridiculously undervalued still. Time will eventually answer this question.

    Very much looking forward to the Greenbush drilling results and pushing this project onto a DFS and working out a way to get to market quickly. I do know JP reads this forum occasionally and I bumped into him in the street one day a few months ago in West Perth, and he is a very genuine fellow. I guess the biggest thanks has to go to him and the team at Gln both here in Oz and in Argentina. Well done JP, keep up the good work and as I said to you in the street that day, I am backing you in to mate to make me a wealthy bear .......so keep charging on mate !! There is still much work to do.....and the world remains a sea of troubled waters with Covid, inflation in the United states ( in fact this is my biggest worry that Uncle Jo is going to blow up the entire US economy and by extension the world, but that's a rabbit hole I wont go down in this post), and Argentina too has a host of issues to it needs to address. That is probably my word of caution in this, I think while its most likely we could go much higher yet, one should brace themselves for the very likelihood that it wont be a straight line up, and there is likely to be volatility yet to come.

    Cheers All and Woka Woka Woka , have a great weekend.

    Pf
 
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