GLN

7.14%

13.0¢ galan lithium limited

Ann: Notice of Annual General Meeting/Proxy Form, page-16

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bombersmadd

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29/01/22

15:30

Post #: 59212145
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Originally posted by 8horse: ↑

- Carbonate at US$59,612
- Chloride at US$44,866

Lithium chloride price is 75% of lithium carbonate (battery grade) price, that makes no brainer to go ahead with producing lithium chloride concentrates first, this is the fastest way to become a producer and still enjoy massive profit margin with extremely low risk of execution. Then at late stage, it can be self funded to add a lithium carbonate plant. It's not a different path, just a very low risk and logic staged development path, imo, similar to WA hard rock to produce spodumene concentrates, with an option to add a conversion plant.

Lithium chloride price is way higher than my initial expectation, I thought it would be 50-70% of the lithium carbonate price, but in fact chloride price is 75.2% of the lithium carbonate price. It's a great price, imo.

Daniel mentioned Argentina has 8 potential customers as well as Chile.
The eight potential customers in Argentina would be enough for selling 20ktpa LCE, in my view, then you don't need to worry about export cost and so on.

Fundamentally, GLN is in a great shape, in my view, JP & team are working hard to advance the projects. I'd say if the company pays a bit more attention on investor relationship, that would be great. For example, as Covid prevails, AGM could be accessible online, so more shareholders could participate, some AGM presentation and Chair/MD addresses could be released to all shareholders to access, imo.

All imo.

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Fingers crossed we have an updated company presentation in about 2 weeks time when JP Presents at the RIU Conference on the 17th of February.

GLN Price at posting: $1.52 Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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Last 13.0¢		Change -0.010(7.14%)		Mkt cap ! $63.56M

Open	High	Low	Value	Volume
13.0¢	13.3¢	12.5¢	$219.0K	1.686M

Buyers (Bids)

No.	Vol.	Price($)
2	112462	13.0¢

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Price($)	Vol.	No.
13.5¢	218133	4

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No.	Vol.	Price($)
2	112462	0.130
14	587385	0.125
9	391999	0.120
4	84824	0.115
8	454554	0.110

Price($)	Vol.	No.
0.135	218133	4
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Ann: Notice of Annual General Meeting/Proxy Form, page-16

Is oil undervalued?

GreenX picks up prospective copper project in Germany

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

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Westgold sets its sights on top five producer status through merger with Karora

Venture to sniff out high-grade REE targets at Jupiter project, WA

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

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Ann: Notice of Annual General Meeting/Proxy Form, page-16

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Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

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Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

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Buyers (Bids)

Sellers (Offers)

Featured News