GLN 3.57% 13.5¢ galan lithium limited

I have muted mbot so can't see his posts. Just playing devil's...

  1. 228 Posts.
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    I have muted mbot so can't see his posts. Just playing devil's advocate here, not having an off-take agreement in our case is likely a long term positive, but might also be the reason that we are not already higher than we are now. If we had secured binding off-takes by now this would signal 1. third party confidence that HMW is ready to meet near term demand, signalling lower execution risk and 2. alleviate financing risk pressures in a higher interest rate environment. While chloride might go a significant way into funding a medium-long term carbonate strategy, this hasn't been communicated by GLN, only by posters on HC. Having binding off-takes in exchange for equity investment could have put a "floor price" on our stock, and give tangible reference point for the market to see whether we're undervalued or overvalued. Again I believe from a company profitability perspective, no off-take serves the best long term. But from a share price performance perspective, this might be one of a few reasons why it has been supressed. Oh well, more time to accumulate!
 
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Last
13.5¢
Change
-0.005(3.57%)
Mkt cap ! $67.18M
Open High Low Value Volume
13.5¢ 14.5¢ 13.5¢ $235.7K 1.709M

Buyers (Bids)

No. Vol. Price($)
12 560643 13.5¢
 

Sellers (Offers)

Price($) Vol. No.
14.0¢ 38984 5
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Last trade - 16.10pm 16/08/2024 (20 minute delay) ?
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