I don't think GLN will take pre-payment on product, only a commitment to buy at a discount to market rate (if such a thing exists).
Reason is, Lithium price is low at the moment, and shows signs that demand will outstrip supply in a few years time which will push prices up.
I say this because big auto hasn't hit full EV production yet but has invested hugely in development.
The risk for all is that the "heat" may come out of the whole climate change zeitgeist as people come to their senses and realize that it was a political beat-up (a power play), is costing a huge amount and has become an economic extinction event for some countries (Germany for example) and was based on shaky science, mass hysteria, and that perhaps Greta isn't the messiah.
GLN has lower SOI compared to peers so can afford to give away more of the farm in order to secure funding.
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14.5¢ |
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Mkt cap ! $73.34M |
Open | High | Low | Value | Volume |
15.0¢ | 15.0¢ | 14.5¢ | $70.87K | 473.8K |
Buyers (Bids)
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---|---|---|
16 | 479012 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 339454 | 14 |
View Market Depth
No. | Vol. | Price($) |
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16 | 479382 | 0.145 |
22 | 636873 | 0.140 |
11 | 545900 | 0.135 |
11 | 521100 | 0.130 |
6 | 96050 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 260785 | 13 |
0.155 | 184258 | 8 |
0.160 | 239501 | 14 |
0.165 | 222500 | 7 |
0.170 | 114500 | 3 |
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