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29.0¢ galan lithium limited

General Discussion Banter GLN, page-13438

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FFailings

736 Posts.

384

31/10/23

16:03

Post #: 70645431
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Originally posted by Suni: ↑

Drawing comparisons between GLN and other companies comparing resource size and grade is a very shallow outlook.

Yes GLN has a great resource and that is pretty much were the positives stop.

Argentina is a few rungs above Africa currently with sovereign risk so that hurts. The genuine inability to monetise the resource is also a massive issue. A hard rock supplier in Australia with lower grade, smaller resource and a lower profit margin would be valued higher than GLN due to the preferred jurisdiction and clear and precise pathway to production/revenue.

Be wary of the grade/resource size constant comparisons - It really only tells a part of the story. Sold at 72.5c and bought back in 62.5c so hopefully some news around the corner.

Average is down to 80c from $1.40 a year ago so job well done there.

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Another post blaming Argentina when two massive brine deals have been done in the country in the past month!

GLN Price at posting: 61.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 29.0¢		Change 0.000(0.00%)		Mkt cap ! $119.7M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
3	4695	31.0¢

Sellers (Offers)

Price($)	Vol.	No.
24.0¢	5000	1

View Market Depth

No.	Vol.	Price($)
2	885	0.310
1	5681	0.305
4	30628	0.290
11	313868	0.285
9	279049	0.280

Price($)	Vol.	No.
0.240	5000	1
0.250	300000	1
0.265	28504	3
0.270	1011	1
0.280	5297	2

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