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3.23%

32.0¢ galan lithium limited

Agree and nicely put! Just to clarify: I’m not suggesting there...

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adowling

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21/03/24

23:36

Post #: 73004242
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Originally posted by horizon3: ↑

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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Agree and nicely put! Just to clarify: I’m not suggesting there would be anything dodgy going on. However IMO there’s nothing like a room full of worn out shareholders to focus the minds of board members!

GLN Price at posting: 41.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 32.0¢		Change 0.010(3.23%)		Mkt cap ! $134.2M

Open	High	Low	Value	Volume
31.0¢	32.5¢	31.0¢	$216.7K	680.7K

Buyers (Bids)

No.	Vol.	Price($)
5	42000	31.5¢

Sellers (Offers)

Price($)	Vol.	No.
32.0¢	8548	2

View Market Depth

No.	Vol.	Price($)
5	42000	0.315
6	220643	0.310
9	257489	0.305
15	257170	0.300
3	24813	0.295

Price($)	Vol.	No.
0.320	8548	2
0.325	124832	4
0.330	216223	10
0.335	55000	2
0.340	30000	2

Last trade - 12.01pm 29/04/2024 (20 minute delay)


Last 32.0¢			Change 0.010 ( 2.63 %)
Open	High		Low	Volume
31.5¢	32.5¢		31.0¢	281211
Last updated 12.25pm 29/04/2024 ?

GLN (ASX) Chart