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13.0¢ galan lithium limited

Ann: Presentation at Resource Connect Asia Conference, page-63

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spovend

2,604 Posts.

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13/04/23

22:17

Post #: 67265672
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Originally posted by Apprjojo: ↑

Nice graph, thanks Spovend! Comment from tothemoon is quite common and I can see it everyday on Hotcopper. Smaller investors don't really understand lithium yet, and neither do the bigger financial advisors/banks. As I mentioned a few weeks ago, I really believe this will come soon, but it's still not very well understood. People are comparing spodumene or clay resource to brine. They don't understand the conversion is not the same, the extraction process is not the same, the OPEX is different, so is the recovery/loss, etc. They just see a resource amount and they believe, same as Tothemoon than LTR resource is 50 times bigger than GLN..
And that's why some stocks that have salesmen in charge (LKE/VUL) managed to become way overvalued.. this would have never happened with Gold or Copper, etc. And it doesn't matter how happy JP is when he presents, at this stage his message doesn't come through.
It's a complicated commodity and it will take time for people to understand it from a business point of view. Again gold is much easier, you have an AISC and a global price and it's much more transparent.

And that's why I believe we will be undervalued for a couple more years until more projects go live and until we are in production. Because numbers won't lie at that time and I'm very confident that we will go to production and that we will be very very profitable!

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GLN Price at posting: $1.05 Sentiment: Buy Disclosure: Held
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Last 13.0¢		Change 0.000(0.00%)		Mkt cap ! $77.48M

Open	High	Low	Value	Volume
13.0¢	14.5¢	13.0¢	$752.8K	5.503M

Buyers (Bids)

No.	Vol.	Price($)
19	874807	13.0¢

Sellers (Offers)

Price($)	Vol.	No.
13.5¢	36900	2

View Market Depth

No.	Vol.	Price($)
18	870807	0.130
19	924729	0.125
26	1136177	0.120
11	3763087	0.115
29	2158601	0.110

Price($)	Vol.	No.
0.135	36900	2
0.140	486523	11
0.145	584553	10
0.150	408772	6
0.155	325963	8

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Ann: Presentation at Resource Connect Asia Conference, page-63

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