Exactly right, the whole sector is hurting. With this funding from Glencore, JP has mentioned it may even get us to production sooner than H12025 which is only a little over a year away. Not a long time to wait and hold to be cash flow positive.
Market is throwing money at speccy hard rock explorers at the moment, many with market caps 4x ours.
Patience will be rewarded here. Watching daily SP action is pointless. it is very clear Galan management are delivering on the ground at HMW, and now we are funded with a binding offtake, risk IMO is quite low, politically risk is now lower IMO due to the result of the recent election. Hard to find something not to like, other than a few communication missteps etc.
Pond 1 filled by Jan 2024. Bring it on!
General Discussion Banter GLN, page-13622
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $65.86M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.5¢ | 12.5¢ | $113.7K | 876.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1046966 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 886661 | 22 |
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| Last trade - 14.57pm 29/08/2024 (20 minute delay) ? |
| GLN (ASX) Chart |