GLN 2.63% 18.5¢ galan lithium limited

Just a word of caution: If management were to purchase shares...

  1. 1,825 Posts.
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    Just a word of caution: If management were to purchase shares knowing that good news is forthcoming (e.g. GLEN finance), wouldn't that constitute illegal insider trading? The most plausible explanation to me is this: Management perceives the project as their own baby and is committed to supporting it indefinitely (precisely what JP mentioned at the last conference!). They believe in the long-term ROI (even if short-term pain). However, simultaneously, they lack any further updates, whether positive or negative. It is conceivable that securing financing is challenging and more dilutive CRs might be on the horizon. Therefore, they also wish to convey to the market their confidence in the long-term narrative (even if there is significant short-term adversity and angry investors). The good news would be, even with short-term pain the long-term ROI might be still outstanding, is their signal here (hence my buy recommendation).
 
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Last
18.5¢
Change
-0.005(2.63%)
Mkt cap ! $87.68M
Open High Low Value Volume
18.5¢ 19.0¢ 18.3¢ $411.8K 2.222M

Buyers (Bids)

No. Vol. Price($)
5 671710 18.5¢
 

Sellers (Offers)

Price($) Vol. No.
19.0¢ 194077 7
View Market Depth
Last trade - 16.10pm 17/06/2024 (20 minute delay) ?
Last
18.5¢
  Change
-0.005 ( 2.63 %)
Open High Low Volume
18.5¢ 19.0¢ 18.5¢ 817240
Last updated 15.39pm 17/06/2024 ?
GLN (ASX) Chart
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