GLN 4.76% 10.0¢ galan lithium limited

General Discussion Banter GLN, page-15387

  1. 793 Posts.
    lightbulb Created with Sketch. 1186
    There is no scenario where they halt production, the costs associated with doing so would far outweigh the cost to complete. Every contract would have a termination clause, if you add up penalties for termination, redundancies, demobilisation & eventual remobilisation of equipment and workforce, not to mention the fact you stuff up your pond chemistry and have to start the evap process from scratch losing another 9-12months in the process....

    It's not a switch you turn and stem cash burn.

    Not to mention burning of many bridges along the way including instos who backed this to be built.

    Issue a high cost convertible if they must (much quicker process vs commercial debt or offtake) or continue to equity fund to buy time, those are the viable options as unsavoury as they may be.

    Aimo
 
watchlist Created with Sketch. Add GLN (ASX) to my watchlist
(20min delay)
Last
10.0¢
Change
-0.005(4.76%)
Mkt cap ! $57.62M
Open High Low Value Volume
10.5¢ 11.0¢ 10.0¢ $199.0K 1.905M

Buyers (Bids)

No. Vol. Price($)
50 3433487 10.0¢
 

Sellers (Offers)

Price($) Vol. No.
10.5¢ 112749 1
View Market Depth
Last trade - 16.10pm 18/09/2024 (20 minute delay) ?
GLN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.