If Arcadium lithium (involved in brine operations) and greenbushes (largest high grade hard rock in the world) can't make money at present (SC6 and LCE pricing), than what hope does Galan have with a minuscle production quota of 5kt per annum for stage 1. Both of these companies have lower cost of production per tonne of unit produced and would have more favourable access to pricing due to their security of supply and connections within the lithium market. I hope I am wrong but I can't see how I will be given lithium pricing atm ( if prices increase then that is a different conversation) I am not buying JPs ability to run a tight operational ship (ATM facility was used so they didn't go bankrupt). That doesn't give me a lot of confidence in him and the board running an efficient low cost operational mine and managing cash flow appropriately. Regardless of what is published in a study regarding Galan's cost to produce, I guarantee it is understated (due to time plus they didn't factor in the JP effect).I'll give you a prime example of a DFS being completely wrong, Core lithium said they would hit 70% recoveries in year 1, well go look at that story and how it played out, weren't even close before going into care and maintenance. I've never once said that Galan doesnt have high grade brine with low impurities so I am not sure why holders keep harping on this point, all I said was Galan will struggle to make money with lithium prices at present which is supported by large producers not making profits and my observations of how Galan is run. It is a good long term project if prices increase and new board/management takeover. I genuinely hope Galan now goes into production and I will check the quarterly reports to see how much profit/cash flow galan is generating from their operations - if prices stay where they are I am predicting losses. Happy to be wrong and I hope I am. Cheers, CP.
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galan lithium limited
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Last
10.5¢ |
Change
0.014(15.4%) |
Mkt cap ! $100.5M |
Open | High | Low | Value | Volume |
9.6¢ | 10.5¢ | 9.3¢ | $1.339M | 13.84M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 652929 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 257668 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 180000 | 0.100 |
1 | 100000 | 0.099 |
2 | 412000 | 0.098 |
1 | 20000 | 0.097 |
1 | 100000 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 257668 | 6 |
0.110 | 1251450 | 21 |
0.115 | 956049 | 12 |
0.120 | 1228371 | 8 |
0.125 | 317261 | 7 |
Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
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