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3.85%

13.5¢ galan lithium limited

Ann: Phase 1 HMW DFS Delivers Compelling Economic Results, page-234

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keepsmiling

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11/07/23

10:37

Post #: 68722707
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Originally posted by mondyinvest: ↑

Nice work @Smith71 but you seem to be working your share price off current shares outstanding (336.9M). You’ll need to adjust this figure upwards significantly to factor in the dilution from required equity raises. Based on what other Australian lithium developers have done there is zero chance Galan will be able to fund US$118M (A$177M) without turning to shareholders.

As a guide, all recent ASX developers have relied heavily on equity, some entirely on equity, given debt is so expensive to service. The below is only counting raises for project development, not other raises for project acquisition, exploration etc:

CXO raised twice, totalling $191M

LTR raised $463M (as well has having their $300M Ford debt facility)

SYA raised twice, totalling $389M

Expand

Yes, its hard to see an OT or a loan facility for the first stage, most likely an equity raise.

GLN Price at posting: 87.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 13.5¢		Change 0.005(3.85%)		Mkt cap ! $97.56M

Open	High	Low	Value	Volume
12.5¢	13.8¢	12.5¢	$899.9K	6.792M

Buyers (Bids)

No.	Vol.	Price($)
13	2414235	13.0¢

Sellers (Offers)

Price($)	Vol.	No.
14.0¢	1010493	17

View Market Depth

No.	Vol.	Price($)
13	2414235	0.130
13	4336064	0.125
43	2991530	0.120
13	3814528	0.115
38	1765838	0.110

Price($)	Vol.	No.
0.140	1010493	17
0.145	1021585	14
0.150	519269	7
0.155	395555	10
0.160	280506	6

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