Well, we'll see how much of a company specific issue we have based on whether we run hard or not today after the Li price movements and US leads overnight.
My conclusion for recent price drop, after some reflection, is that a sub 5% holder is selling out, probably Ganfeng as mentioned by another poster due to no off take influence. Can't be an imminent CR because of director buying prior to a price sensitive announcement which also is a bit strange because the Glencore deal is expected to be concluded soon. Also Argentinian govt uncertainty has corresponded with the drop period. No reason for anyone to buy except for long term value. Hopefully different buyers will step in today.
So today will be very telling day for GLN.
General Discussion Banter GLN, page-13806
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Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $78.20M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 16.5¢ | $251.5K | 1.483M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 568075 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 92256 | 3 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| GLN (ASX) Chart |