GLN 15.4% 15.0¢ galan lithium limited

General Discussion Banter GLN, page-12681

  1. 5,046 Posts.
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    @ResourceEagle

    The only thing I can think of is capex, i.e. if they need to procure items in-country that for some reason might be sold in peso, not US$. But given Galan hold AUD/USD doesn’t the peso devaluing against the dollar actually advantage them?!

    https://hotcopper.com.au/data/attachments/5509/5509544-875a9c56428f4bebc0026c80aff2019d.jpg

    FWIW I think the only real impact for Galan / other Argentine producers like AKE, AGY etc is poor sentiment, i.e. the hot money is chasing Australian projects (even SQM as we saw today) and it’ll likely stay that way at least until after the Argentinian elections.
 
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