GLN

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13.0¢ galan lithium limited

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GeForce

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02/10/18

12:23

Post #: 35964439
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Originally posted by billyen ↑

I notice that JP is getting better in his presentations (remember English is not his first language and it's not easy talking in-front of 200+ ppl. -I've done this many times in my past.)

He also figured out he was in-front of hard rock investors and tried make analogies with BRINE to Hard rock...this was smart. Instead of just saying Brine is better...

GLN NOW expects drilling permits in the next 30 days...I know that ONCE they have the PERMITS...drilling will start right away.

The NEW bit of info I learned and was also posted here was that GLN will drill up to 15-20 holes. I was of the understanding that there was going to be 5-7 holes only...

So SOMETHING POSITIVE has happened to dramatically increase that number.
The more holes the larger and more accurate the JORC number.

The POSCO transaction is important and JP stressed this...
JP incentive package is based on 1M tons of LCE.
(now do the basic math on the "current" GEO brine results...then once we get the NEW GEO results...you''ll find that 2M++ tones is VERY possible...we'll know more this week after the new GEO results.)

I think JP low-balled his incentive package.

The POSCO transaction with GXY was based on 1.58M ton JORC for 280M USD (385M AUD)

Current MC of closely held GLN is 27M

You figure out the risk/reward ratio.
You don't get gifts like this very often in the stock market.

IMO
DYOR!!

Expand

As you mentioned the drilling, I remember JP mentioned it would be a 2 x 2 km pattern of drilling for Candelas.
So, I would say this means 15 - 20 holes.

GLN Price at posting: 31.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

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

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Galan news and media, page-85

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

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

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

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

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Galan news and media, page-85

Top Stories

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

Is oil undervalued?

GreenX picks up prospective copper project in Germany

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

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

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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Featured News

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Sellers (Offers)

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