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16.5¢ galan lithium limited

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

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bentas74

1,295 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 16.5¢		Change 0.015(10.0%)		Mkt cap ! $120.3M

Open	High	Low	Value	Volume
16.0¢	16.8¢	15.5¢	$463.5K	2.863M

Buyers (Bids)

No.	Vol.	Price($)
12	325775	16.0¢

Sellers (Offers)

Price($)	Vol.	No.
16.5¢	237621	9

View Market Depth

No.	Vol.	Price($)
12	325775	0.160
19	672762	0.155
22	1629756	0.150
18	1087362	0.145
19	1480751	0.140

Price($)	Vol.	No.
0.165	237621	9
0.170	537483	15
0.175	366076	10
0.180	486186	17
0.185	277388	10

Last trade - 14.25pm 14/11/2024 (20 minute delay)

GLN (ASX) Chart