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.
Certainly that number is used to entice investments. But know...
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Last
29.5¢ |
Change
0.010(3.51%) |
Mkt cap ! $121.8M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 29.5¢ | 28.0¢ | $423.1K | 1.461M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1401 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 132962 | 5 |
View Market Depth
| Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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Last
29.5¢ |
Change
0.010 ( 3.51 %) |
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| Open | High | Low | Volume | ||
| 28.5¢ | 29.5¢ | 28.0¢ | 431650 | ||
| Last updated 15.58pm 08/05/2024 ? | |||||
| GLN (ASX) Chart |