I'm guessing they need a little more time to update all the engineering and pond layout for a 30+ktpa production rate now....I'm almost certain the base case production rate will be at least 25ktpa now...I'll let them have a few more months to reset at a bigger rate and build in an early phased LiCl production solution...
We should be at ATHs, its crazy we are not given how much HMW has been improved and derisked since ATHs and given hoe undervalued we are (even at ATH)....Just wait for a couple of whales and brokers try buy any decent volume!
Remember, Galan historically takes a week or two to truly see the value from its positive announcements....I'm predicting a ~$1.77 Friday close...then gradual increase back to ATHs over the coming months...Should hit $1B MC post DFS in late Q1 = ~$3.50... (crap Lake is $1.5B off smoke and mirrors)...
Ann: 2.5x Increase in HMW Resource - Now 5.8Mt LCE @ 866 mg/l Li, page-80
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Last
13.5¢ |
Change
0.005(3.85%) |
Mkt cap ! $77.48M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.8¢ | 13.0¢ | $131.3K | 973.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 1058961 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 132477 | 5 |
View Market Depth
| Last trade - 11.03am 14/10/2024 (20 minute delay) ? |
| GLN (ASX) Chart |