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2.17%

22.5¢ galan lithium limited

Ann: Full HMW Phase 1 Construction Permits Granted, page-43

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CyberShade

274 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

3 Great analysis

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(20min delay)
Last 22.5¢		Change -0.005(2.17%)		Mkt cap ! $91.54M

Open	High	Low	Value	Volume
22.5¢	23.0¢	22.0¢	$911.2K	4.086M

Buyers (Bids)

No.	Vol.	Price($)
2	1043039	22.5¢

Sellers (Offers)

Price($)	Vol.	No.
23.0¢	377780	12

View Market Depth

No.	Vol.	Price($)
2	1043039	0.225
10	242959	0.220
20	570870	0.215
23	896840	0.210
15	627524	0.205

Price($)	Vol.	No.
0.230	377780	12
0.235	402059	7
0.240	228713	6
0.245	288676	7
0.250	132540	6

Last trade - 16.10pm 27/05/2024 (20 minute delay)


Last 22.5¢			Change -0.005 ( 0.18 %)
Open	High		Low	Volume
22.5¢	22.5¢		22.0¢	1155805
Last updated 15.40pm 27/05/2024 ?

GLN (ASX) Chart