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9.52%

28.5¢ galan lithium limited

Always remember to look in context of broader sector. All brine...

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CyberShade

272 Posts.

49

09/08/23

12:07

Post #: 69243218
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Originally posted by Laggers99: ↑

Sell the news? I have no idea why the sell off after the announcement, it wasn't a significant or gap leaving run. The group here knows that the value of Phase 2, 3 and 4 will be a significant catalyst to the growth of the company. I tend to feel as though the market wants funding and offtakes before re-rating. Permits are a massive positive but need the working capital to build it, and then someone to on-sell to.

If offtake and funding is announced in the next quarter with Phase 2 DFS, then $2 - $2.50 price target is not unreasonable over 6 - 12 months.

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Always remember to look in context of broader sector. All brine plays sold off today.

AGY -6.78%
GLN -5.92%
PNN -5.88%
LKE -5.71%
ASN -3.12%
VUL -2.74%
AKE -.091%
LPI 0.00%

Doesn't take away from your points though.

GLN Price at posting: 79.5¢ Sentiment: Buy Disclosure: Held
15 Upvote

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(20min delay)
Last 28.5¢		Change -0.030(9.52%)		Mkt cap ! $117.7M

Open	High	Low	Value	Volume
31.5¢	32.5¢	28.5¢	$703.4K	2.371M

Buyers (Bids)

No.	Vol.	Price($)
13	487573	28.5¢

Sellers (Offers)

Price($)	Vol.	No.
29.5¢	28172	2

View Market Depth

No.	Vol.	Price($)
13	487573	0.285
9	615120	0.280
11	598820	0.275
21	757827	0.270
10	254996	0.265

Price($)	Vol.	No.
0.295	28172	2
0.300	30000	2
0.305	20000	1
0.310	96954	2
0.315	20000	1

Last trade - 16.10pm 13/05/2024 (20 minute delay)


Last 28.5¢			Change -0.030 ( 11.2 %)
Open	High		Low	Volume
31.0¢	32.0¢		28.5¢	697534
Last updated 15.59pm 13/05/2024 ?

GLN (ASX) Chart

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