You are right@Guemar , however for the life of me I cannot fathom how the market can value GLN at a market cap of $300ml and us $175ml given where we are at now and where will be in less than 12 months. The ONLY advantage , if we can call it that, is that GLN has a bigger resource, but so have we --- the Li brine is there below 102 metres and it aint going anywhere. Met with JZ recently and as they announced last few days more drilling will get underway during this second half of year to prove & increase the Indicated resource significantly.
But based purely where we are at today the SP should be around .30/.35c if we are going to compare apples & apples vs GLN valuation.
Therefore based on where we are going a TSUNAMI is about to unfold. I feel the market has been asleep at the wheel.
AIMO but DYOR.
This is not financial advice.
You are right@Guemar , however for the life of me I cannot...
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4.3¢ |
Change
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Mkt cap ! $62.60M | |||
| Open | High | Low | Value | Volume |
| 4.2¢ | 4.3¢ | 4.2¢ | $57.87K | 1.369M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1457270 | 4.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.3¢ | 1101688 | 4 |
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| AGY (ASX) Chart |