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7.69%

14.0¢ galan lithium limited

Ann: Ceasing to be a substantial holder for MAN, page-17

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bentas74

1,291 Posts.

173

31/07/24

13:16

Post #: 75003896
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Originally posted by mondyinvest: ↑

Shows how tight things must be getting. Last quarterly they reported "cash and liquid assets" although as I noted at the time (https://hotcopper.com.au/posts/73593544/single) none of their 'investments' are liquid. They were holding them on the balance sheet as almost $2.4M but mark-to-market its clearly worth far less today.

In the case of MAN, the liquidity is so poor it's taken them the best part of an entire month to exit their position and they've crystallized a 52% loss. The original position of 30M shares was built through a 5c entry, and they bought another 5M shares on market for 5.64c, for a total spend of $1,782,000. This was in March 2023 so in the 16 months since they've turned $1.78M of shareholder money into $863K. Had they simply put the cash in a 4.5% term deposit they would have got back $1.88M over the same period...

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would of should of could of , who the hell lives in hindsight

GLN Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 14.0¢		Change 0.010(7.69%)		Mkt cap ! $77.48M

Open	High	Low	Value	Volume
13.0¢	14.5¢	13.0¢	$471.8K	3.406M

Buyers (Bids)

No.	Vol.	Price($)
12	261609	14.0¢

Sellers (Offers)

Price($)	Vol.	No.
14.5¢	598334	9

View Market Depth

No.	Vol.	Price($)
9	223731	0.140
15	647657	0.135
15	470048	0.130
16	956006	0.125
28	1180506	0.120

Price($)	Vol.	No.
0.145	1320700	15
0.150	473254	10
0.155	401827	12
0.160	192670	6
0.165	100000	1

Last trade - 10.35am 11/10/2024 (20 minute delay)

GLN (ASX) Chart

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