GLN galan lithium limited

Ann: Half Year Accounts, page-4

  1. 5,845 Posts.
    lightbulb Created with Sketch. 5895
    It's an unfortunate pattern repeated numerous times, when a company rushes into production without having their funding fully finalized - a mistake juniors make but mid-tiers and above know not to.

    GLO.TO is an example of this, although their situation is even worse because they've been hit by a military coup in Niger. But the playbook has been very similar - lots of talk about non-dilutive funding which never came, started construction based on cash reserves, market circumstances (both military coup and sinking uranium sentiment) meaning they are now having to raise cash into an ever-sinking share price to try and keep their workforce and finish the project.

    The simple lesson is that if you own a junior who starts construction without a) doing FID process and b) without being fully funded: GTFO
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
12.5¢
Change
0.010(8.70%)
Mkt cap ! $119.7M
Open High Low Value Volume
11.5¢ 12.5¢ 11.5¢ $237.8K 1.974M

Buyers (Bids)

No. Vol. Price($)
31 313323 12.0¢
 

Sellers (Offers)

Price($) Vol. No.
12.5¢ 779949 15
View Market Depth
Last trade - 14.46pm 02/07/2025 (20 minute delay) ?
GLN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.