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3.13%

15.5¢ galan lithium limited

“Canadian think tank Fraser Institute ranked Argentina the...

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14,163 Posts.

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13/06/24

09:38

Post #: 74291382
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Originally posted by Buckaroo737 ↑

I don't think this would get delisted on the lines of entering administration, someone will come to the rescue with an offer if GLN gets slashed much more, the reason why it's just too good of a resource, a bigger company would try to take advantage of ridiculously cheap prices before that would happen, there is LTM and POSCO sitting next to GLN's brine projects, CNGR hunting for more lithium projects.

And even though all the negativity, this stock has a big enough following. Are GLN's flagship assets in Argentina or the dreaded DRC??? Even though economically Argentina is not in a good space, it doesn't carry the reputation the DRC has, and globally individuals, instos, miners/producers/manufacturers are still happy enough to invest in projects in Argentina, even the Saudis are eyeing Argentinian lithium projects, even the US Oil Giants are looking into lithium.

The takeovers, new JVs, new cornerstones, and acquiring projects have not stopped in Argentina.

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“Canadian think tank Fraser Institute ranked Argentina the fourth most attractive country for foreign mining investments in 2023, boosted by the provinces of Jujuy and Salta.”

https://www.bnamericas.com/en/featu...ed-investment-regime-trigger-a-mining-rebound

GLN Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 15.5¢		Change -0.005(3.13%)		Mkt cap ! $113.0M

Open	High	Low	Value	Volume
16.0¢	16.3¢	15.0¢	$464.8K	2.965M

Buyers (Bids)

No.	Vol.	Price($)
11	533295	15.5¢

Sellers (Offers)

Price($)	Vol.	No.
16.0¢	51300	2

View Market Depth

No.	Vol.	Price($)
10	433295	0.155
14	789724	0.150
19	1145234	0.145
15	1362791	0.140
7	967406	0.135

Price($)	Vol.	No.
0.160	51300	2
0.165	406587	9
0.170	379907	7
0.175	291676	6
0.180	389314	14

Last trade - 16.10pm 18/11/2024 (20 minute delay)

GLN (ASX) Chart