GLN

3.03%

17.0¢ galan lithium limited

Completely agree. Howard Klein and Rock Stock channel is...

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luke086

214 Posts.

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17/11/23

23:26

Post #: 70973099
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Originally posted by paulgf: ↑

I agree Howard Klein isn’t the sharpest mind around commenting on this space in my view . Rodney Hooper his partner in crime is lot more savvy and does try and spend the time to dig into the numbers .?

Howard really annoyed me a year or so back by telling Pilbara they shouldn’t pay a dividend but plow all their excess cash back into M & A . So glad Dale Henderson ignored his advice . Howard is the typical ex Wall Street type who thinks it’s all just about m&a deals , which I am sure is the result of his “ skinnerian” conditioning from his time there and while it makes the fat cats on Wall Street richer often these deals deliver questionable value to mum and dad investors .

When a firm strikes good success and achieves high cashflow after years being in start up mode and giving nothing back to its shareholders , it is actually the right thing and I would argue moral thing to do to start getting in the habit of paying something back as a dividend . It’s the the whole reason you develop a resource , these resources aren’t developed just to make consultants and mgt teams rich .

So often seen companies endlessly chasing m&a results in huge waste of shareholder money . I am not against m&a , definitely has its place but it shouldn’t over ride or preclude other sensible capital mgt initiatives . Often too when you chase m&a , rather than being patient for right deal you invariably do waste shareholders money .

Other issue with Rock Stock channel as they call themselves, they pump very hard those companies that are paying them and spend little time talking about other non paying industry players . So it’s not neutral industry commentary , say like money of mine are trying to do with the mining industry as a whole . So take some of what they say on rock stock channel with a big grain of salt !!!!

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Completely agree. Howard Klein and Rock Stock channel is embarrassing. He is totally and utterly bias towards stocks he is paid to promote. I don’t even understand half of what he posts.

Rodney is good and have a broad overview of the market but also can be very biased which is a pitty as I have generally lost interest in both of them as a result

GLN Price at posting: 70.5¢ Sentiment: Buy Disclosure: Held
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Last 17.0¢		Change 0.005(3.03%)		Mkt cap ! $80.57M

Open	High	Low	Value	Volume
17.0¢	17.0¢	16.5¢	$420.7K	2.493M

Buyers (Bids)

No.	Vol.	Price($)
5	334361	17.0¢

Sellers (Offers)

Price($)	Vol.	No.
17.5¢	259700	6

View Market Depth

No.	Vol.	Price($)
2	325000	0.170
8	326201	0.165
15	566113	0.160
8	1790439	0.155
12	596450	0.150

Price($)	Vol.	No.
0.175	259700	6
0.180	144433	5
0.185	120000	2
0.190	58077	2
0.195	32600	2

Last trade - 16.10pm 28/06/2024 (20 minute delay)

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Completely agree. Howard Klein and Rock Stock channel is...

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