GLN 6.00% 11.8¢ galan lithium limited

Ann: Trading Halt, page-69

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 5,475 Posts.
    lightbulb Created with Sketch. 423
    Only one way to find out... it is a bit of a worry that some articles mention "and any other projects operating in the hombre muerto sub-basin." as part of the targeted legal cover. The company was pretty clear it considered itself outside of the geographical area applicable though, despite using language that says they "believed" they would not be affected. Perhaps they were after all? Class action lawsuit for frivolous spending coming up if proven wrong? Hopefully it's positive, ok or meeh news and not a complete halt. Perhaps a halt wouldn't be so bad after all as it would force them to slow down spend until finance actually is available, mind you it might be a couple of years until such a point. On the flip-side perhaps they'll argue in court that they've already essentially started the long tail of the production process, so it shouldn't apply to them?

    Did not sell down the heads and keep the options as I was aiming for gap fill above for that, could be a pretty painful risk management failure if it's put in the freezer. Fingers crossed for tomorrow...
 
watchlist Created with Sketch. Add GLN (ASX) to my watchlist
(20min delay)
Last
11.8¢
Change
-0.008(6.00%)
Mkt cap ! $70.03M
Open High Low Value Volume
12.0¢ 12.5¢ 11.5¢ $198.2K 1.623M

Buyers (Bids)

No. Vol. Price($)
34 672397 11.5¢
 

Sellers (Offers)

Price($) Vol. No.
12.0¢ 108732 10
View Market Depth
Last trade - 14.34pm 03/10/2024 (20 minute delay) ?
GLN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.