Management did make mistake to commence construction last September before securing all the capex.
That's the main reason of falling share price. To be fair, in the meanwhile, lithium price crashed, not many would expect lithium price to collapse over 85% in the last 18 months.
That's the unfortunate situation. The stock market is always over-reacting to either side (positive or negative). While the sentiment is overheating, it's time to get out; vice versa. At the moment, the sector is unloved, so take your own pick.
Only invest the fund afforded to lose!
Only invest in the company you're confident!
I'm happy to take the risk to invest in GLN at such level.
JP put $1m at 46c last month, now he's going to inject another $500k at 23c; other four directors are allowed to inject collective $640k at 23c.
Always assess reward/risk ratio, if not comfortable, then avoid.
Have a good weekend all.
All imo.
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $53.20M |
Open | High | Low | Value | Volume |
10.5¢ | 11.0¢ | 10.0¢ | $151.9K | 1.448M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 163864 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 0.105 |
43 | 2900659 | 0.100 |
1 | 30303 | 0.099 |
1 | 400000 | 0.098 |
2 | 16214 | 0.097 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 163864 | 8 |
0.115 | 338306 | 8 |
0.120 | 591067 | 6 |
0.125 | 176785 | 7 |
0.130 | 383046 | 6 |
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