Thanks Joseph.
I think it’s a bit of mismanagement of cash flow that caused current share price depression.
After the CR, current market cap is still well below $100m, being valued at around $11/ton for 8Mt LCE @860mg/l.
Even LEL is selling 90% of their Argentina (Solaroz brine project for $97m, low grade 305mg/l, selling at $33/t, three times of GLN’s.
The valuation gap at some point, should be realised by the market.
All imo.
Thanks Joseph. I think it’s a bit of mismanagement of cash flow...
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Last
15.5¢ |
Change
-0.005(3.13%) |
Mkt cap ! $74.56M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 15.0¢ | $110.9K | 718.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 49 | 1378119 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 39432 | 4 |
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| Last trade - 15.28pm 22/07/2024 (20 minute delay) ? |
| GLN (ASX) Chart |