Ann: HMW Continues to Deliver With Positive Santa Barbara Results, page-105

Just got this in an email ...Thu, 2 Mar at 9:41 am

Thursday, 2 March 2023

GLN - GALAN LITHIUM LIMITED

Macquarie rates GLN as Outperform (1) - The first diamond drill hole at Santa Barbara, Hombre Muerto West, has been completed with favourable conditions reflected in the core results. Macquarie asserts this provides upside for exploration success.

This project remains the key value driver for Galen Lithium and once all approvals are secured development plans for a full-scale plant are expected to be lodged.

Outperform and $1.90 target retained.

Target price is $1.90 Current Price is $1.18 Difference: $0.725 If GLN meets the Macquarie target it will return approximately 62% (excluding dividends, fees and charges). The company's fiscal year ends in June.

Forecast for FY23:

Macquarie forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 4.20 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 27.98.

Forecast for FY24:

Macquarie forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 5.00 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 23.50.

Market Sentiment: 1.0All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources