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15.3¢ galan lithium limited

Ann: Presentation - RIU Fremantle, page-130

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boslo

755 Posts.

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16/02/24

12:19

Post #: 72441947
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Originally posted by ResourceEagle: ↑

Nope. It's simply short-covering. The w/bankers have been having a field day shorting us, and now they are reducing or closing out their short positions across a range of lithium stocks.

However we are not out of the woods yet.

When Chinese come back from holidays, figures may disappoint initially and the Sino-Investment Banker alliance that seems to have developed will use this as an opportunity to twist the knife one last time before we hit a bottom.

Galan specifically still has the overhanging concern about project financing, or otherwise another capital raise in the short term.

Expand

There's basically no short positions on GLN anymore, looks to me like its sector wide.

GLN Price at posting: 34.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 15.3¢		Change -0.003(1.61%)		Mkt cap ! $113.0M

Open	High	Low	Value	Volume
15.5¢	16.0¢	15.0¢	$333.4K	2.148M

Buyers (Bids)

No.	Vol.	Price($)
18	867055	15.0¢

Sellers (Offers)

Price($)	Vol.	No.
15.5¢	223450	7

View Market Depth

No.	Vol.	Price($)
18	867055	0.150
20	1135634	0.145
20	1448191	0.140
13	1062406	0.135
13	1671692	0.130

Price($)	Vol.	No.
0.155	223450	7
0.160	390323	11
0.165	611987	13
0.170	390307	8
0.175	409336	9

Last trade - 12.18pm 19/11/2024 (20 minute delay)

GLN (ASX) Chart