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11.3¢ galan lithium limited

General Discussion Banter GLN, page-13359

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287 Posts.

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24/10/23

08:38

Post #: 70497138
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Originally posted by Tigerthecat: ↑

Spovend makes a very good point that the company should get Daniel Jimenez to present in detail on the Lithium Chloride market.

A lot of larger lithium plays will conduct presebtations split into segments by a number of executives on specialised topics.

There is some back-chat in the market about whether enough demand for the product exists to atract pre-payment deals, and also asking when Pase 1 will realistically complete the gap for Phase 1 funding. A presentation slot by the CFO speaking on this topic would also add confidence.

The arrival of this funding substantially de-risks the project and the whole concept of the Li Chloride strategy. This will spark a substantial re-rate.

Once they get Phase 1 funding complete, we then have to wait for the permits for Phase 2, which really shouldn’t be an issue, since it is just an extension of Phase 1.

i don’t think that really matters though, as the company is almost certain to accept an offer before Phase 2 construction. That has to be at least a five bagger from here.

We also await news on the significant deal they have strongly hinted is to be signed imminently.

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The presenter at last Thursday's conference suggested 2 to 3 weeks for news about the signing to drop - 02 Nov to 09 Nov.

GLN Price at posting: 68.5¢ Sentiment: Hold Disclosure: Held
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