Ann: Trading Halt, page-109

First 109 Last

Share
Profile

Follow
Bikesbeersfooty

502 Posts.

176

30/01/24

15:40

Post #: 72137443
Share

Originally posted by spovend: ↑

Apparently Cannacord closed their book mid afternoon already oversubscribed, with Jett still to add to that overnight from the US...Will be heavy scaling back I'd assume. SPP capped at only $1.5MM so will open and close very quick. At $30k limit per holder, that's only 50 holders and its done. I have shares in 3 names and will be taking my $90k, so that leaves 47 holders left to participate

Inclusion of oppies unfortunately a reflection of the very crappy market to raise in and Galan getting themselves backed into a corner financially. However it is what it is now, cant change it, and more importantly I have no concern long-term as confident the DD will be solid (my own DD over 3+ years suggests that and that JP/GLN are super conservative in most of their technical assumptions), and so the Glencore facilitated finance (US70-100MM) will come through in the next 2-3 months, maybe earlier?

Also, the Phased strategy and small start has really helped as imagine we were trying to raise US400MM capital for a full 20ktpa development now in this market. Raising for just a 5.4ktpa Phase 1 now and then likely funding Phase 2+ in a much stronger Li market in late 2024/early 2025 (and when Phase 1 is producing) is a way better scenario and allows us to maintain schedule (as Phase 1 used for Phase 2+). Phase 2 offtake also the much bigger prize here and I still expect it will be exportable soon probably SQM or Albemarle in Chile who will take Phase 2+ (or Ganfeng), and with a much bigger pre-payment for Phase 2.

Expand

I believe the the retail component will be pro rata if oversubscribed, so you may not get the white shark share.

GLN Price at posting: 54.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Eurozone-based companies find new ways to secure a regional lithium supply

Time for retail therapy buying in the shopping Scentre for hot stocks

End of FY is a time to juggle wins, losses and capital gains taxes

SS1

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

There are more pages in this discussion • 22 more messages in this thread...

First 109 Last

Add GLN (ASX) to my watchlist

(20min delay)
Last 17.0¢		Change 0.005(3.03%)		Mkt cap ! $80.57M

Open	High	Low	Value	Volume
16.5¢	17.0¢	16.5¢	$479.0K	2.861M

Buyers (Bids)

No.	Vol.	Price($)
7	848959	16.5¢

Sellers (Offers)

Price($)	Vol.	No.
17.0¢	312986	3

View Market Depth

No.	Vol.	Price($)
7	848959	0.165
17	472806	0.160
9	1302265	0.155
16	1643749	0.150
2	360000	0.145

Price($)	Vol.	No.
0.170	312986	3
0.175	126400	5
0.180	282456	9
0.185	282064	5
0.190	72077	3

Last trade - 16.10pm 25/06/2024 (20 minute delay)

GLN (ASX) Chart

Ann: Trading Halt, page-109

Eurozone-based companies find new ways to secure a regional lithium supply

Time for retail therapy buying in the shopping Scentre for hot stocks

End of FY is a time to juggle wins, losses and capital gains taxes

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Trading Halt, page-109

Top Stories

Eurozone-based companies find new ways to secure a regional lithium supply

Time for retail therapy buying in the shopping Scentre for hot stocks

End of FY is a time to juggle wins, losses and capital gains taxes

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News