Galan news and media, page-84

I notice that JP is getting better in his presentations (remember English is not his first language and it's not easy talking in-front of 200+ ppl. -I've done this many times in my past.)

He also figured out he was in-front of hard rock investors and tried make analogies with BRINE to Hard rock...this was smart. Instead of just saying Brine is better...

GLN NOW expects drilling permits in the next 30 days...I know that ONCE they have the PERMITS...drilling will start right away.

The NEW bit of info I learned and was also posted here was that GLN will drill up to 15-20 holes. I was of the understanding that there was going to be 5-7 holes only...

So SOMETHING POSITIVE has happened to dramatically increase that number.
The more holes the larger and more accurate the JORC number.

The POSCO transaction is important and JP stressed this...
JP incentive package is based on 1M tons of LCE.
(now do the basic math on the "current" GEO brine results...then once we get the NEW GEO results...you''ll find that 2M++ tones is VERY possible...we'll know more this week after the new GEO results.)

I think JP low-balled his incentive package.

The POSCO transaction with GXY was based on 1.58M ton JORC for 280M USD (385M AUD)

Current MC of closely held GLN is 27M

You figure out the risk/reward ratio.
You don't get gifts like this very often in the stock market.

IMO
DYOR!!