I think it has been played by someone to facilitate accumulation, as the broker data confirm the institutions bought around 5m over last month.
At 36c, GLN's market cap is $75m with cash $4m.
One good announcement could send share price double or more as we recently witness on CXO etc. CXO reaches $200m for their 0.4 million tons LCE deposit.
AGY is also approaching $100m market cap, its project ownership currently 77.5% (earning up to 90%) , resource: 0.245 million tons LCE at grade of 325mg/l Li.
GLN (market cap $75m), project ownership 100%, HMW resource: 2.3 million tons LCE at grade of 946mg/l Li, total resources: 3 million tons LCE @858mg/l Li.
Ann: Compelling PEA Results for 100% owned HMW Project, page-200
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Last
12.0¢ |
Change
0.010(9.09%) |
Mkt cap ! $71.52M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.0¢ | $266.6K | 2.301M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25960 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 281582 | 5 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| GLN (ASX) Chart |