General Discussion Banter GLN, page-17597

First 17597 Last

Share
Profile

Follow
bentas74

1,329 Posts.

183

15/04/25

15:53

Post #: 78699712
Share

Originally posted by mondyinvest: ↑

It’s a huge red flag. Chemphys have either been booted or bailed (likely they won’t hold their $4.5M stake).

Galan have now completely departed from their studied approach which took so many years and are trying to press ahead with a completely different approach to what they have promoted for so long.

I didn’t want to say anything before now but the only reason no deal details leaked is because they tried to get at least $25M and there was no demand so they’ve had to scale back to $10M. It took them this long to get a term sheet out because the Petra phone calls didn’t produce the required demand.

Now after all these years and all this dilution they’re not even going to own the processing plant and so the project will be completely at the mercy of a third party (brine ponds are useless without the processing ability).

It is a sad but not unexpected end to what could have been a great project. This for me has become *the* textbook example of how inexperience and arrogance can completely ruin a good resource. It’s no wonder people pay overs for highly esteemed management teams ie Capricorn, Genesis, etc.

Good luck if you hold on from here but I have *never* seen a project succeed when it departs from its baseline studies and tries to fudge its way into construction.

Expand

well lets assume you will be selling tomorrow or as soon as its back on the ASX , and never return we all hope ,

GLN Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

ETM

As Trump-Greenland hype dies off, Energy Transition buys a niobium project in Spain

MQR

'We're extremely encouraged': Marquee expands footprint at Mt Clement

LTR

Liontown locks in $266M placement to help cashflow, Kathleen Valley ramp-up

Oz will likely unveil commodity price supports, but don't expect Trumpian flare

Thursday's HotCopper trends: $266M LTR placement, Trigg expansion | Aug 7

First 17597 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 14.0¢		Change 0.005(3.70%)		Mkt cap ! $134.9M

Open	High	Low	Value	Volume
14.0¢	14.0¢	13.5¢	$376.2K	2.693M

Buyers (Bids)

No.	Vol.	Price($)
11	311366	14.0¢

Sellers (Offers)

Price($)	Vol.	No.
14.5¢	1253799	17

View Market Depth

No.	Vol.	Price($)
11	311366	0.140
13	706804	0.135
24	2159220	0.130
18	1108343	0.125
11	824000	0.120

Price($)	Vol.	No.
0.145	1253799	17
0.150	585789	9
0.155	221289	4
0.160	409790	9
0.165	173838	5

Last trade - 15.33pm 07/08/2025 (20 minute delay)

GLN (ASX) Chart

General Discussion Banter GLN, page-17597

As Trump-Greenland hype dies off, Energy Transition buys a niobium project in Spain

'We're extremely encouraged': Marquee expands footprint at Mt Clement

Liontown locks in $266M placement to help cashflow, Kathleen Valley ramp-up

Oz will likely unveil commodity price supports, but don't expect Trumpian flare

Thursday's HotCopper trends: $266M LTR placement, Trigg expansion | Aug 7

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

General Discussion Banter GLN, page-17597

Top Stories

As Trump-Greenland hype dies off, Energy Transition buys a niobium project in Spain

'We're extremely encouraged': Marquee expands footprint at Mt Clement

Liontown locks in $266M placement to help cashflow, Kathleen Valley ramp-up

Oz will likely unveil commodity price supports, but don't expect Trumpian flare

Thursday's HotCopper trends: $266M LTR placement, Trigg expansion | Aug 7

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News