GLN

2.94%

16.5¢ galan lithium limited

General Discussion Banter GLN, page-13540

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Lorry2022

143 Posts.

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15/11/23

15:56

Post #: 70919342
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Originally posted by HOOPZ: ↑

We have some more M&A activity today so I have updated my M&A charts. There has been an offer on A11 from their largest shareholder, Assore International Holdings Limited, at 63c which is equivalent to $396m on a fully diluted EV basis for 40.5% of the Ewoyaa asset in Ghana. That is $977m AUD (let's just say a billion dollars) on a 100% basis for just over 1 million tonnes of LCE, which has been rejected by the board committee. We wait to see what happens next.

I'll re-iterate what I said last time: "Imagine how things will heat up in the M&A space once the lithium price actually starts moving back up again. It's looks like it might be leveling out here, but still a bit fragile at the same time. It should be an interesting couple of months ahead of us."

I think now is the right time to be initiating M&A so I'm assuming it will come thick and fast from here.

The M&A chart below includes Galan for reference and is on the basis of "Total Resources". For those people who would say, "you can't compare assets like this because of differences in jurisdiction", please note that the jurisdiction is included in the label and that the majority of M&A activity occurs in South America (specifically Argentina), with 2 in Africa and only 3 in Australia. But... but... hard rock... yeah it's mostly brine: 8 vs 5. So is this chart really relevant? I think so... one day it will be very relevant. If you want to take production output, rather than just resource size, into consideration then that's where the reserves chart is more useful - though half the M&A activity has occurred on companies without reserves so those M&A transactions are excluded from the reserves chart (i.e. there is a lot less to compare).

Here is the M&A chart for Measured & Indicated resources:

I hadn't previously bothered to do a Reserves version of the M&A chart, but it is getting more populated now (with the LPI & A11 additions) so I have finally gotten around to doing this:

ALL IMO DYOR

Expand

Great Stuff.

By chance I sold some of my GLN position a while ago to buy some A11. GLN is well under valued for sure. But for A11, it is almost fully funded to 320K tons pa production of SC5.5, has mining licence and got government funding investiment. The most attractive part is it only explored less than 5% of its tenements and got permit to drill more. So it is worth having a look.

GLN Price at posting: 68.0¢ Sentiment: Hold Disclosure: Held
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Last 16.5¢		Change -0.005(2.94%)		Mkt cap ! $78.20M

Open	High	Low	Value	Volume
16.5¢	17.0¢	16.0¢	$322.1K	1.957M

Buyers (Bids)

No.	Vol.	Price($)
26	737605	16.0¢

Sellers (Offers)

Price($)	Vol.	No.
16.5¢	67107	3

View Market Depth

No.	Vol.	Price($)
25	706355	0.160
8	1295006	0.155
13	537425	0.150
4	433458	0.145
7	430000	0.140

Price($)	Vol.	No.
0.165	67107	3
0.170	430720	10
0.175	282886	4
0.180	229699	5
0.185	132700	3

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GLN (ASX) Chart

General Discussion Banter GLN, page-13540

Climate change to drive market trends to the moon

KGL sniffs 19% Cu from drilling at Rockface play in NT

Fast-track assaying yields 182 g/t gold for iTech at new NT play

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Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

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Buyers (Bids)

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General Discussion Banter GLN, page-13540

Top Stories

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KGL sniffs 19% Cu from drilling at Rockface play in NT

Fast-track assaying yields 182 g/t gold for iTech at new NT play

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News