GLN 3.23% 16.0¢ galan lithium limited

General Discussion Banter GLN, page-12269

  1. 4,994 Posts.
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    People on these threads have been calling Galan "so undervalued" for the past 24 months. The market has periods of inefficiency on a stock, but not for that long. Galan is being fairly valued by the market. It is a pre-DFS stock capped at $320,000,000 facing large amounts of capex in the near-mid term and a somewhat uncertain pathway to market (for example, their sales strategy currently depends almost entirely on other Argentinian projects getting up and funded, and then looking to Galan for feed).

    There are lots of resource juniors out there with ostensibly amazing resources in different sectors, but what really matters is how those resources can be monetised in the future. You reach a point where the size and purity of a resource ceases to make a difference, and what current and future investors need to see is the project execution for how to progress it, which includes how it can be funded. Whilst I agree with earlier posters that you have to be flexible with microcaps/juniors and that plans often don't run to time, Galan is a serial offender here. It is approaching six full months from when it was originally due, that is LKE-level of 'performance'. They've also missed (by my count) a further three deadlines. Despite the share price hovering near 52WL's, it's pretty hard to call this 'undervalued' after so long.
 
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15.0¢ 16.0¢ 15.0¢ $238.9K 1.543M

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4 302790 15.5¢
 

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16.0¢ 189198 6
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