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2.86%

18.0¢ galan lithium limited

Ann: Quarterly Activities and Cash Flow Report, page-53

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Newby1

569 Posts.

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30/04/24

20:35

Post #: 73593830
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Originally posted by mondyinvest: ↑

Rule 1 of junior mining: read the back pages, not the bullet points. I presume the “liquid assets” they refer to are their shareholdings in MAN, RDS and TG6 (and others I’ve probably missed, it’s hard to keep up where they’ve sowed their seed). But $12M less $9.7M cash = $2.3M which, funnily enough, is the figure Galan quoted their investments as being worth in their annual report as at 30 June 2023:

If you look at the share prices of those three companies since 30 June 2023 do you really think they’d be worth anything close to $2.3M today if they tried to exit? TG6 traded just $60K today, MAN did $2K and there were zero trades in RDS.

Releasing the quarterly after hours (again) and putting that dot point on the front page speaks, I think, to the desperate position they’ve got themselves in by refusing to bow to reality. Unless Glencore come through in the next week or so, it’s almost a certainty they’ll have to start tapping the ATM.

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The extra 2.2 million is coming from the directors which was just passed at recent agm.
it’s all tereunder 8.6.
either way we look at it there’s sweet f$&k all left I the piggy bank

GLN Price at posting: 33.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 18.0¢		Change 0.005(2.86%)		Mkt cap ! $85.31M

Open	High	Low	Value	Volume
17.5¢	18.5¢	17.0¢	$344.6K	1.941M

Buyers (Bids)

No.	Vol.	Price($)
3	275000	17.5¢

Sellers (Offers)

Price($)	Vol.	No.
18.0¢	22376	2

View Market Depth

No.	Vol.	Price($)
3	275000	0.175
11	935734	0.170
7	921300	0.165
11	1548750	0.160
2	350000	0.155

Price($)	Vol.	No.
0.180	22376	2
0.185	237137	6
0.190	198077	4
0.195	164600	5
0.200	256648	7

Last trade - 16.10pm 20/06/2024 (20 minute delay)

GLN (ASX) Chart

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