GLN 3.23% 15.0¢ galan lithium limited

Ann: Trading Halt, page-44

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 5,293 Posts.
    lightbulb Created with Sketch. 5330
    506.6M shares on issue, and 228.5M about to be added from this raise alone.

    Dilution of 45% in a single hit (never mind everything prior) unless you take part in a large rights issue at the lowest share price since early 2018.

    Utter disregard from management for their shareholders, just a pigheadedness to get into production at any cost to the capital structure of the company. Sadly I think actual EPS return will be a pittance given the small scale of phase 1 and the likely costs involved to ship from Catamarca to China.
 
watchlist Created with Sketch. Add GLN (ASX) to my watchlist
(20min delay)
Last
15.0¢
Change
-0.005(3.23%)
Mkt cap ! $109.3M
Open High Low Value Volume
15.5¢ 16.0¢ 15.0¢ $904.8K 5.934M

Buyers (Bids)

No. Vol. Price($)
9 1313642 15.0¢
 

Sellers (Offers)

Price($) Vol. No.
15.5¢ 34126 2
View Market Depth
Last trade - 16.10pm 13/11/2024 (20 minute delay) ?
GLN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.