GLN 3.03% 17.0¢ galan lithium limited

Ann: Galan Signs Pivotal Commercial Agreement with Catamarca Govt, page-177

  1. 504 Posts.
    lightbulb Created with Sketch. 176
    Exactly. I couldn’t understand the flagellating over the 4% royalty premium that allows for LiCl exportation. We should make multiples of that back selling on an open market.

    The Gln market cap is low to the point of absurd, $140m.
    The mc is half what it was 3 years ago, and since then we have built out nearly half of stage 1, are awaiting the imminent approval of stage 2, has approval to export LiCl, has a monster Proven resource, and a high quality technical team onboard.

    I guess the mc will stay low until finance is sorted for stage 1, buyers are wary of further credit raises and thus a lower sp.

    On a positive note, the doomsday crew have been quiet since Monday when the details of the suspension of the stock were revealed. Maybe after wringing their hands for a week they can no longer type, or they threw themselves in the river.
 
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