GLN galan lithium limited

My point being they have just diluted the company by over 12% to...

  1. 1,373 Posts.
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    My point being they have just diluted the company by over 12% to raise what I believe not to be enough to carry this through to production, that’s without even paying for the plant.

    This deal changes the timeline, changes the registry, changes control, makes Galan somewhat reliant on Authism and puts Galan into a holding pattern.

    Im not saying the takeover deal should have been accepted… however I can’t see what keeps this above 10c a share whilst we wait for Authism to do their thing…

    I think shareholders should have been getting a better explaining of what the external advise had actually said… his answer seems a little too pie in the sky followed by next question… my opinion only, but he will be judged until producing on that decision, which I believe will only get harder and harder to make sense of it the share price is not performing.
    Last edited by Karl89: 17/04/25
 
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(20min delay)
Last
9.4¢
Change
-0.003(3.09%)
Mkt cap ! $89.76M
Open High Low Value Volume
9.7¢ 9.7¢ 9.3¢ $291.5K 3.093M

Buyers (Bids)

No. Vol. Price($)
1 176000 9.4¢
 

Sellers (Offers)

Price($) Vol. No.
9.5¢ 28947 1
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Last trade - 15.42pm 13/06/2025 (20 minute delay) ?
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