GLN 0.00% 19.0¢ galan lithium limited

Ann: Galan to Commence Western Basin Drilling this Week, page-17

  1. 6,476 Posts.
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    So as far as we know they have been drilling for over 2 weeks now.

    The latest sattelite image from yesterday appears to show the drill (or something) still at h1. I cannot detect any other movement on the lands to suggest another hole, except what I have circled in blue which has appeared on the last sat image. Its probably irrelevant as there are no tracks leading to it so Ill suggest its just a few flamingo that didnt make it to the next stage of their journey or something like that.

    Seems to me the market has factored in the first hole in the west been no good and the market is focusing on the maiden JORC for candelas.

    Any good news from the west now imo would be unexpected and would seriously put the cat amongst the pigeons as it is imo not expected now given how news normally flows if they hit brine in the past.

    We wait knowing that Brine is the place to be now with hard rock in the doldrums, high grade, low impurity lithium brine = lower cost of production = more profitable imo

    Screenshot (463)_LI.jpg
 
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