Good response, I did see most of that episode and yes lithium was overhyped and western governments are being overly ambitious and there are doubts if we are even going to have energy infrastructure to be able to manage a full on EV transition and I don't think it's wise to limit the consumer choices like that and getting 2 billion to drive EVs could do more damage done to the environment than good.
How about this though GLN just focuses on getting a small scale phase one production going, put phase 2 plans on hold to save money, and just run a pretty small operation for a while, that then generates them about $50m USD a year in revenue, and hopefully helps to cover expenses and hopefully means less CRs until the market recovers.
They would obviously still have to raise until then, but not as much with putting phase 2 on hold.
And back to M&A, LTM probably have enough on their plate for now, but you have hardrock miners like PLS with $1.8b in their coffers from their last quarterly and 1.3b with MinRes I think, MIN probably a bit much on their plate too, but I think if someone like PLS or MIN really wanted to they could could diversify into the brine space and make HMW happen.
- Forums
- ASX - By Stock
- Ann: Galan Lithium Limited Appoints CFO
Good response, I did see most of that episode and yes lithium...
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review
Add GLN (ASX) to my watchlist
(20min delay)
|
|||||
Last
11.5¢ |
Change
-0.010(8.00%) |
Mkt cap ! $68.54M |
Open | High | Low | Value | Volume |
12.0¢ | 12.0¢ | 11.0¢ | $197.6K | 1.702M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 92994 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 269000 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 92994 | 0.115 |
23 | 1457679 | 0.110 |
24 | 1921287 | 0.105 |
57 | 3690642 | 0.100 |
4 | 131111 | 0.099 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 269000 | 4 |
0.125 | 441061 | 7 |
0.130 | 500900 | 13 |
0.135 | 1008914 | 4 |
0.140 | 133258 | 4 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
GLN (ASX) Chart |