It's really a neutral announcement. Any neutral or even slightly positive annoucement is just being sold off in this market. This is amplified at GLN due to falling SP over a long period of time. It is yet again payment by dilution which seems to be the preferred approach for GLN, despite JP indicating otherwise. It all comes down to pre-payment at HWM, JP needs to prove his product chloride product is desirable enough that someone will pay up front for it. It won't pay for Stage 1 and 2 of course but should be enough to turn the tide of the SP alongside a change in Lithium sentiment.
It's really a neutral announcement. Any neutral or even slightly...
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Last
17.0¢ |
Change
0.005(3.03%) |
Mkt cap ! $80.57M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 16.5¢ | $420.7K | 2.493M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 334361 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 259700 | 6 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| GLN (ASX) Chart |