Take your bet, less than $100m mc right now for one of the highest grade lithium brine in Argentina. Project well advanced to be producing late 2025.
1) Buy now and Galan survives through this lithium bear market, you will probably 10 bag at the peak of next upcycle.
2) Buy now and Galan goes bust (out of cash), gone are your investments.
Personally, I will go for option 1. I like the odds. There is never a better time to buy and accumulate than now. The demand for lithium is coming in 2H 2024 or so I heard.
Ann: Galan Investor Webinar, page-149
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Last
13.0¢ |
Change
-0.010(7.14%) |
Mkt cap ! $63.56M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.3¢ | 12.5¢ | $219.0K | 1.686M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 112462 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 218133 | 4 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| GLN (ASX) Chart |