GLN 4.35% 12.0¢ galan lithium limited

Ann: Galan Secures Glencore Agreement For Offtake & Financing, page-105

  1. 1,854 Posts.
    lightbulb Created with Sketch. 1473
    Bare in mind that stage 1 will be producing 5367 tonnes of LiCl to the tune of over $1m free cashflow per week, or possibly double that if prices remain higher / improve compared to the lower DFS figures. At a sale price of $25k per tonne for example that is over $100m p.a. in free cashflow from stage 1.
    Depending on timing of stage 2 completion, that cashflow can make a serious dent in the capex. Then there is the possibility of debt funding, grants etc.
    If J.P was able to pull off a non-dilutive deal for stage 1 then stage 2 should be a hell of a lot easier. Worst case they could just run the stage 1 plant for 3-4 years and cover it, so any accelerated option would have to be more attractive than that to make sense.
 
watchlist Created with Sketch. Add GLN (ASX) to my watchlist
(20min delay)
Last
12.0¢
Change
0.005(4.35%)
Mkt cap ! $59.24M
Open High Low Value Volume
12.0¢ 12.5¢ 11.5¢ $172.9K 1.456M

Buyers (Bids)

No. Vol. Price($)
3 214127 12.0¢
 

Sellers (Offers)

Price($) Vol. No.
12.5¢ 326950 6
View Market Depth
Last trade - 16.10pm 09/08/2024 (20 minute delay) ?
GLN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.