With respect, I think you’ve missed my point. My post actually highlights the dilution. The market cap is only down 50%, despite the utter collapse in the share price, because of the extreme dilution. It’s precisely because of that dilution that I think it’s pointless to talk about where the share price was 18 months ago, when there was only 350M shares out.
There’s now closer to 950M, so looking back to when the share price was $1 or $1.50 is almost useless, unfortunately. I don’t think it will ever get close to that given the small volumes of lithium they are talking about producing over the next 5 years, and with all the options you correctly highlight.
GLN Price at posting:
10.5¢ Sentiment: None Disclosure: Not Held
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