GLN 4.35% 11.0¢ galan lithium limited

This is not financial advice just my opinion, DYOR!!!Galan ticks...

  1. 790 Posts.
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    This is not financial advice just my opinion, DYOR!!!

    Galan ticks these boxes and in most cases is similar to where Galaxy was 6 years ago,

    Galan is in early stages of company growth.
    It is a mining company now not an exploration company.
    There are PLENTY of explorers out there that will come to nothing.
    Galan has 3 VERY good projects, same as Galaxy.
    Ponds in South America beside Galaxy and Hard mine in Australia near Galaxy and Candalas
    They are not dependant on just 1 project.
    They have cash to fund ongoing works without having to sell off part of the projects.
    They are based in Australia and listed on the ASX.
    I am very impressed with JP. He has a good sized shareholding and reminds me of Anthony Tse from Galaxy.

    Galaxy was cash strapped 6 years ago and was moving slowly until Tony sold the convertor for $280m, this gave them funds to move ahead.
    At the time Galaxy was worth $500m with $280m cash and 3 wholly owned assets. They then moved forward.

    When I first looked at Galan I thought they are similar but they have no cash. They will burn 10m in 12 months and they have nothing to sell.
    Once I saw they had raised $50m I thought " OK time to jump in".

    I look at the Lithium companies on the ASX and alot have done nothing in five years, still where they were 5 years ago.
    I put money in to quite a few at the time but Galaxy was miles ahead of the wannabes.
    I feel Galan will move very quickly in the next 18-24 months if JP plays it right.
    The only problem we have is with our assets/projects, I feel we will very quickly become a takeover target, from??
    You guessed it Galaxy. Two projects near by which they could run and maximise with their eyes closed.
    Anyhow as I said, just my opinion.

    DO YOUR OWN RESEARCH!!




 
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