GLN 0.00% 12.0¢ galan lithium limited

Ann: Company Update, page-24

  1. 544 Posts.
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    Good Ann.

    Like the noting of : “The Company is pleased to advise it has nowshortlisted partners and financiers in order to conclude a definitive sales agreement and financing in thenear term, inclusive of non-dilutive options. Galan notes its ability to export lithium chloride concentratehas enabled access to a broader range of options.”
    The partners and finance message has been getting consistently stronger over time, to the point we are now “near term”, which gives confidence to the event occurring.

    Also, giving shareholders, and new buyers, the confidence to hold/buy, while simultaneously giving EnergyX the heave ho means EnergyX has lost a point of leverage in its bid.

    There are plenty of holders well underwater at anything less than $1/share. They need to be looked after as well as the opportunistic who have bought recently under 20c. Selling out to EnergyX only benefits recent or very ancient buyers, and even then significantly undervalues the asset at a time of very low lithium prices.
 
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