GLN galan lithium limited

General Discussion Banter GLN, page-12897

  1. 5,844 Posts.
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    He’s very unequivocal there: “anything that… we avoid touching the equity markets”. Leaves very little wriggle room though.

    I will be massively impressed if they get a large prepayment offtake and the stock should rally very hard (a proper re-rate) if that’s the case.

    Debt is more difficult, sure it’s not dilutive but servicing it is onerous (I’ve seen plenty of juniors struggling to service debt whilst ramping up a project recently i.e. 29M, BCB, CYM, JRV, MNS) Considering resource projects in Australia and US are getting done at SOFR/LIBOR plus 5-6% (so total interest rate of >10-11%) what sort of interest rate would a project in Argentina attract? It’s not surprising to me that the likes of Core, Liontown, Sayona have chosen to go with equity rather than getting saddled with >10% interest rates on large sums. Magnis and Jervois have both been badly punished, their market caps are lower than their total debt owed. It ain’t a pretty place to be in.

    So all in all, JP’s comments are interesting. I’d hope he isn’t being that bullish about prepayment without knowing there’s some very hot irons in the fire. Or is he trying to support the share price into a raise? Given their past misses on forecasts, it’s really impossible to know.
 
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Last
14.0¢
Change
0.005(3.70%)
Mkt cap ! $134.9M
Open High Low Value Volume
13.5¢ 14.0¢ 13.0¢ $432.6K 3.202M

Buyers (Bids)

No. Vol. Price($)
10 707235 13.0¢
 

Sellers (Offers)

Price($) Vol. No.
14.0¢ 604010 8
View Market Depth
Last trade - 16.10pm 11/07/2025 (20 minute delay) ?
GLN (ASX) Chart
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