General Discussion Banter GLN, page-167

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17/09/18

14:18

Post #: 35647880
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Originally posted by billyen ↑

My comment was and IS still based on GLN getting an 1 to 1.5M ton LCE JORC.
This THEN puts GLN in the same ballpark as POSCO's recent transaction of 280M USD. (310M+ AUD)

That's why I'm here...we don't even need to wait for the JORC...the first drill results (I assume would be under the magma) will confirm what we need to know.

GLN current MC is a silly 22M...so a 5-Disallowed maybe not over night but, there will be serious buying after and with a small float and tight supply...I'm expecting VERY large % moves.

I get the current market sentiment, I don't like it but, I get it.
The market assumes GLN is just another Li play.
The current holders who have done their research know what's going on.

Since the last GEO results I've spoken to many Li experts and there really isn't too many other thing the BLUE stuff could be, besides BRINE. I get the markets wants confirmation via SOLID drilling results and a JORC but, that's the great thing about the stock market is...

you can buy whatever risk/reward ratio you want.

GLN has the HIGHEST insiders/MGMT. ownership of any Li play on the ASX.
GLN is fully funded for drilling and JORC and probably pond building.
GLN is on the ONLY proven salar that's been produce BG LCE for the past 20+ years.

GLN is a gift.
Later when GLN is in the $1-$2+ range and investors look at this...We'll get post after post saying..."how did I miss this one?"

What's extra special is we don't have to wait for 6 months or 1, 2 years like some others.
The new GEO results in the coming days/weeks will PROVE to ME...that Candelas has a 1.5+ JORC.

The smart money will slowly start to chase the small 20-30M float.
The SP is down but, this is due to amateur investors betting their rent/milk money the past couple of months.
Just look at the volume on the down days...tiny.
No one is selling and there aren't selling til a JORC or possible transaction.

JP said the are aiming for production. However, if someone comes along and offers a pile of cash...??

Hombre Muerto is special!

IMO
DYOR!!

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What are the extra costs associated with mining through the magma to get the Li?

Seems like it could outweigh the benefits?

GLN Price at posting: 23.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 10.8¢		Change 0.003(2.38%)		Mkt cap ! $105.3M

Open	High	Low	Value	Volume
10.5¢	11.0¢	10.0¢	$152.4K	1.450M

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No.	Vol.	Price($)
13	44217	10.5¢

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Price($)	Vol.	No.
11.0¢	1380016	22

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No.	Vol.	Price($)
12	42910	0.105
14	1930484	0.100
4	80026	0.099
1	100000	0.098
1	25000	0.097

Price($)	Vol.	No.
0.110	1380016	22
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0.125	345818	7
0.130	403000	5

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General Discussion Banter GLN, page-167

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