Certainly that number is used to entice investments. But know that if spot prices go to previous lows 2018-2020 (8k for industrial grade and 10-12k for BG), GLN will still be printing profits. EV adoption is nowhere near where is is now compared to that period of lows. you would be worried if they used 29k to justify a 15k-20k Opex.
JL always say, look for those in the lower quartile producers.
cheers.
AIHMO, DYOR, GLTAH.
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Last
17.0¢ |
Change
0.005(3.03%) |
Mkt cap ! $80.57M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 16.5¢ | $420.7K | 2.493M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 334361 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 259700 | 6 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| GLN (ASX) Chart |