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17.5¢ galan lithium limited

General Discussion Banter GLN, page-14199

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14,128 Posts.

8581

02/02/24

14:56

Post #: 72207547
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Originally posted by HOOPZ ↑

We think its because the cost to convert chloride to BG carbonate is significantly cheaper than the cost to convert spodumene concentrate to carbonate (e.g. US$2,000 for chloride to carbonate vs US$3,000-4,000 for spod to carbonate). I haven't had a chance to run the numbers myself yet or have this theory confirmed.

For asxinvestor2024:
Hey mate... not sure if you are aware but bombers sold out of Galan a long time ago. It is extremely unlikely that he would have bought back a significant holding until the lithium price turns (this is just how he operates). This means he is still waiting to accumulate. The fact that you are downramping this stock really just means you are working for him. He is grinning from ear to ear right now, I have no doubt about that. I look forward to the day when he buys in properly as I'm sure he will start commenting on the stock regularly and providing us with his valuable insights and knowledge. Until he starts doing this you know he has not taken a large position.

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Thanks!
Please share any numbers that you find.
Cheers

GLN Price at posting: 37.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 17.5¢		Change -0.005(2.78%)		Mkt cap ! $127.5M

Open	High	Low	Value	Volume
17.0¢	17.8¢	16.8¢	$524.4K	3.060M

Buyers (Bids)

No.	Vol.	Price($)
8	376929	17.0¢

Sellers (Offers)

Price($)	Vol.	No.
17.5¢	45419	2

View Market Depth

No.	Vol.	Price($)
8	376929	0.170
16	1862813	0.165
23	2956825	0.160
15	1125874	0.155
17	694415	0.150

Price($)	Vol.	No.
0.175	45419	2
0.180	309573	9
0.185	275027	9
0.190	164555	6
0.195	436555	7

Last trade - 16.10pm 31/10/2024 (20 minute delay)

GLN (ASX) Chart