I don’t really see the DD process as much of a worry for the simple reason that GLN would not have gone down this route (and announced it) if they weren’t confident of passing DD
Further, by time the DD is complete, the company would have likely already had completed pond one, lined it and charged it with brine. I other words they will be well into demonstrating construction within budget and timelines. Processing is not a challenge because they are only producing basic LiCl. While marketing is being handled, well, by Glencore….
Passing DD with a major like Glencore is a far greater endorsement than any stockbroker research and will clear any lingering doubts in the market for GLN to construct the project and on project economics. The DD itself will be a major milestone.
I think the other actors/potential partners GLN are talking to are more related to Phase Two, which could be coming up quicker than the market is anticipating.
agree with you re the export licence. Interesting to note that President Milei last week announced a new policy to eradicate export restrictions
https://news.cgtn.com/news/2023-12-21/Argentina-s-Milei-signs-decree-to-boost-exports-deregulation-1pHUMYwzVE4/p.html
Galan is well placed on the Lassonde curve right now for the second leg valuation swing upwards, timed with a strategic investment and going into project construction
- Forums
- ASX - By Stock
- GLN
- General Discussion Banter GLN
General Discussion Banter GLN, page-13934
-
-
- There are more pages in this discussion • 1,858 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GLN (ASX) to my watchlist
(20min delay)
|
|||||
Last
13.0¢ |
Change
-0.005(3.70%) |
Mkt cap ! $65.86M |
Open | High | Low | Value | Volume |
13.5¢ | 14.0¢ | 13.0¢ | $225.3K | 1.691M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 752662 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 121705 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 752662 | 0.130 |
19 | 1189055 | 0.125 |
19 | 1517615 | 0.120 |
17 | 1818730 | 0.115 |
14 | 923370 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 121705 | 4 |
0.140 | 331581 | 6 |
0.145 | 430000 | 6 |
0.150 | 145000 | 5 |
0.155 | 396452 | 7 |
Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
Featured News
GLN (ASX) Chart |
The Watchlist
UNT
UNITH LTD
Idan Schmorak, CEO
Idan Schmorak
CEO
Previous Video
Next Video
SPONSORED BY The Market Online