A $20m raise at 11c will take us to well over 1billion shares. That’s some serious dilution.
However a share price of $1 by 2030 isn’t inconceivable. Galan should be a $1bn company soon enough once it gets going. If the resource is as good as they say - plus with RIGI - there’s no reason they can’t be a major player. With a predicted shortage in lithium, Galan could be so well placed.
Just need to take that first step off the ground for production! Patience is a virtue
A $20m raise at 11c will take us to well over 1billion shares....
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Last
9.8¢ |
Change
-0.007(6.67%) |
Mkt cap ! $100.5M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.0¢ | 9.8¢ | $126.6K | 1.270M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 108500 | 9.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.9¢ | 64500 | 2 |
View Market Depth
| Last trade - 10.05am 23/06/2025 (20 minute delay) ? |
| GLN (ASX) Chart |