so 50%-100% above cash value, yes? GL1 has $30m in cash/liquid asset and a MC of roughly $60m.
If you are right, we are in that range now but more importantly, this suggests that the market values the deposit of 214Mt at 1.2% Li2O Ore Reserve at around zero.
Let me show you a 50% graph that tells me that the resource it is worth A LOT more than that (as the worm re lithium prices will have to turn eventually).
I am starting to think that clowns like stonks92 and yihao are here for a purpose (the latter posting exclusively on GL1), which is to always post negative to get more people to sell so that someone (likely with a last name similar to yihao or at least from that jurisdiction) can make a low ball offer and buy those 214Mt at 1.2% Li2O on the cheap. I guess it is a fair assumption that most shareholders would accept a 50c per share offer right now. Would they have even considered such a joke offer when this shit show commenced at around $1.20 not that long ago? hmm...
- Forums
- ASX - By Stock
- GL1
- Ann: Diggers and Dealers Presentation - Manna Project Update
Ann: Diggers and Dealers Presentation - Manna Project Update, page-21
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GL1 (ASX) to my watchlist
(20min delay)
|
|||||
Last
17.5¢ |
Change
-0.010(5.41%) |
Mkt cap ! $45.60M |
Open | High | Low | Value | Volume |
18.5¢ | 19.0¢ | 17.5¢ | $120.4K | 663.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 64999 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 34046 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 64999 | 0.175 |
4 | 128205 | 0.170 |
7 | 199335 | 0.165 |
9 | 333750 | 0.160 |
1 | 60000 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 34046 | 1 |
0.190 | 10000 | 1 |
0.195 | 31500 | 2 |
0.205 | 16000 | 1 |
0.210 | 100000 | 1 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
GL1 (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online