Ann: Drilling Update, page-242

Just goes to show the importance of reading the annmnts thoroughly and not relying on some posters rubbish they use to manipulate the emotions of HC investors.

It was clear from the annmnt on hole 2 that GLN was giving strong direction that hole 2 results were being influenced by a hydrothermal. For this poster to state that becos of hole 2 results it was looking like it was heading to shell status is absolute bs.

I bought at around 60c knowing that GLN is worth a damned site more than 60M MC if they prove up a big high grade Li resource.

Its important to do the hard yards on annmnts and make sure u understand all u can that's being stated or even intimated. If still in doubt call the company for clarification if they can give u more direction.

There were other market hints that this was blatant manipulation but the directors chucking some of their hard earned helped with circumstantial investor support if really only mostly token buys.

As far as where they go now with holes 4 and 5 kind of depends a bit on just how well they think they've got Candelas modelled now and if this hydrothermal activity is primarily localized to hole 2.

Interesting that they mention the higher heat of the hydrothermal. Wonder if they r intimating they think it's a potential additive to the Li grades in the southern half of Candelas as such heat levels would lead to strong convective action and may give rise to a circulating Li extraction effect as some of the geos think happens in these immature deposits. Much here depends on faults, the horst/grabben structure as well as leakages from these structures. Not easy to model, but if the strata hold in structure as they go south and dip up, and theres no leakage, then the grades to the south should get much better. This may be espc so if the next hydrothermals are at least a bit south of their southern boundary or ONLY associated with those main nw/se slip faults. We may in fact have a convective conveyer belt effect happening. Just how much the hydrothermals might be diluting or concentrating in these southern strata is the big
question and probably why they r locking down the resource to the north now to limit future downside in MC.

As per usual getting well ahead of any annmnt and glass half full so take this info as purely speculative. Just trying to understand whats going on at depth to the south.

Gr.