A "forest - trees" moment...
Stepping back and looking at what GLN has as of now.
I've borrowed Mattilla's pic below.
You can see that we basically have about 1/7th of GXY's land area NOW confirmed to have strong brine levels with low impurities. This should hopefully be confirmed via a maiden JORC shortly.
GXY flat out put a low ball NVP of 700M USD (990M AUD) on SDV.
So...that puts a "potential" valuation of what GLN has so far of 141M.
AGAIN...we are STILL ONLY 1/3 the way through our drilling program...and STILL have the western tenements to go.
GXY stated there were up to 7 company's interested in SDV that they were in negotiations with.
Hombre Muerto is the BEST salar in ARG and the 2nd best in the world.
Wesfarmers has kicked the ball off.
Would it not be logical to assume that 1 of those 7 might want to secure an asset right next to GXY with UPSIDE for cents on the dollar of the requested GXY demands?
When companies get a B.O...the day after investors go...
gee, I wish I knew they were going to do that before.
Step back...look at everything.
Read ASX reports. (talk to mgmt.)
Look at the pics below...
You'll see pretty clearly where this stock is going.
IMO
DYOR!!
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Last
14.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $73.46M |
Open | High | Low | Value | Volume |
14.5¢ | 15.0¢ | 14.0¢ | $104.0K | 721.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 271268 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 1006621 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 250025 | 0.140 |
8 | 283078 | 0.135 |
14 | 382019 | 0.130 |
11 | 575671 | 0.125 |
11 | 437132 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 906621 | 4 |
0.155 | 310000 | 7 |
0.160 | 676334 | 7 |
0.165 | 20000 | 1 |
0.170 | 36764 | 3 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
GLN (ASX) Chart |
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