GLN 2.86% 18.0¢ galan lithium limited

General Discussion Banter GLN, page-14202

  1. 401 Posts.
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    Agreed. This also makes the alarmist claims of them having 1 quarter's cash left, look deceptive. They have about $24m cash and if the choose, or need to, they will be able pull back on elements of the project spend and buy time. Yes, they are being punished for capital management, but they also have a project with robust economics in the process of being built out at a low in the lithium price cycle, when many prospective competitors are seeing their project horizons pushed out at best, kyboshed at worst. Liontown are in a similar position, building out but with completion finance uncertain.
 
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