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23.8¢ galan lithium limited

@Benz190sl

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ResourceEagle

854 Posts.

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21/11/23

18:11

Post #: 71026876
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Originally posted by ResourceEagle: ↑

There could be some leftist fear mongering ripple through Wall St overnight, but I I think like Trump back in 2016, after the market digests this, net net will be a big positive.

+ve: removes any fears around lithium sector nationalisation (not that these fears were well grounded in the first place), and inbound investment into the sector
+ve: currency controls will be removed i.e. export of USD
+ve: greater chance of standalone export licence - will give Galan bargaining power for Stage 2 offtake.
+ve: import duties will be reduced
+ve: USD tether strengthened, over time will stablise currency

The only -ve is the socialist government was planning to invest in downstream processing and battery making in country, and this will probably not proceed. This -ve is negated by the Glencore agreement and likelihood of an export licence anyway.

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@Benz190sl

GLN Price at posting: 72.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 23.8¢		Change 0.003(1.06%)		Mkt cap ! $97.06M

Open	High	Low	Value	Volume
23.5¢	24.0¢	23.5¢	$223K	948.5K

Buyers (Bids)

No.	Vol.	Price($)
1	98853	23.5¢

Sellers (Offers)

Price($)	Vol.	No.
24.0¢	311416	8

View Market Depth

No.	Vol.	Price($)
6	338963	0.235
20	1025686	0.230
23	532675	0.225
30	641804	0.220
16	457310	0.215

Price($)	Vol.	No.
0.240	782523	10
0.245	563312	11
0.250	188540	6
0.255	198652	5
0.260	130065	7

Last trade - 10.16am 21/05/2024 (20 minute delay)


Last 23.5¢			Change 0.003 ( 0.04 %)
Open	High		Low	Volume
23.5¢	23.5¢		23.5¢	317269
Last updated 10.37am 21/05/2024 ?

GLN (ASX) Chart