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15.5¢ galan lithium limited

Ann: HMW Continues to Deliver With Positive Santa Barbara Results, page-40

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Mlc2318

5,809 Posts.

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01/03/23

12:10

Post #: 66535207
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Originally posted by spiff: ↑

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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there is a reason Ford ran away from lake .. You can't really buy anything when they have nothing ..

GLN Price at posting: $1.19 Sentiment: Buy Disclosure: Held
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Last 15.5¢		Change 0.000(0.00%)		Mkt cap ! $75.78M

Open	High	Low	Value	Volume
15.5¢	16.0¢	15.0¢	$395.5K	2.567M

Buyers (Bids)

No.	Vol.	Price($)
29	857878	15.0¢

Sellers (Offers)

Price($)	Vol.	No.
15.5¢	244965	4

View Market Depth

No.	Vol.	Price($)
29	857878	0.150
15	494384	0.145
19	660661	0.140
8	533292	0.135
5	87000	0.130

Price($)	Vol.	No.
0.155	244965	4
0.160	290416	7
0.165	187000	7
0.170	150000	2
0.175	66000	2

Last trade - 16.10pm 18/07/2024 (20 minute delay)

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