GLN (ASX) General Discussion Banter GLN

Originally posted by daando37: ↑

anyone who really comes up with arguments like 'gs is manipulating the market' is completely lost.

fact is that lithium will produce a negative return over a certain period of time and institutional investors have no other option than to withdraw their capital and move it to other areas. what remains are retail investors (probably the vast majority on hc), banks and others who perhaps have more time and patience.

at gln specifically, this 'siphoning' was reinforced by unfortunate decisions, leaks regarding the gc deal and the complete loss of trust in mgmt. you and i see the result getting smaller day by day. the phrase: 'nothing has changed in terms of fundamentals' reflects the financial blackout on the retail side. anyone who uses this sentence to justify their holding should carefully question their financial decisions. of course the fundamentals have changed. on the financial side, so much that it has become life-threatening for the company.

a few more problems and gln would have had to stop construction and lay off all employees involved in the construction. had this happened, the company would have had little chance of getting back up and running after possible financing. laid off employees would have thought twice.

viewed neutrally, the mgmt must have had something in mind with the 'crowbar tactics'. both the cfo, who must have seen this catastrophic financial situation, and dj, with his outstanding legacy in the industry, will never be seen anywhere again if they sink this thing in the salt flats of argentina. after that, i wouldn't even employ the cfo at the checkout at mcdonald's anymore.

the fact is that everything is currently shifting towards the negative for gln.
on the positive side:
- the resources
- the construction progress
- parts of the team (dj as an example)
- an export permit that is more likely due to the new gov
on the negative side:
- the catastrophic financial situation
- the obvious leaks about the gc deal
- the casino mentality in relation to junior explorers around the globe
- the current starting position / negotiating position in relation to the gc deal.

i didn't explicitly mention the cr here because i still think it could have been worse. this amateurish bridging cost a lot of trust. to be honest, i currently have no idea what to do next. gln is in a corner surrounded by everyone who is just waiting for the mgmt to make a mistake. there are probably no non-painful ways to get out of here. gc is in a superior situation. the possibility that gln rejects the offtake because gc's purchase prices are too low tends towards 0. gln is more dependent on gc than gc is on gln. an option to increase the purchase prices could be the assurances about large parts of stage two at the gc. it remains to be seen.
disclosure: i'm currently ~52% underwater. i'm not selling, but i'm waiting for the mgmt's next steps. looking only at the resource and the strategic production rate, i remain of the opinion that this represents the greatest possible added value in the lithium sector for me.

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There is no CFO. He is a mid-level bean counter.

Therein lies a major problem.

No.	Vol.	Price($)
16	621587	12.0¢

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Price($)

621587

12.0¢

Price($)	Vol.	No.
12.5¢	268823	25

Price($)

Vol.

No.

12.5¢

268823

No.	Vol.	Price($)
16	623455	0.120
20	810581	0.115
19	736590	0.110
16	842056	0.105
20	728790	0.100

No.

Vol.

Price($)

623455

0.120

810581

0.115

736590

0.110

842056

0.105

728790

0.100

Price($)	Vol.	No.
0.125	268823	25
0.130	306287	10
0.135	107200	7
0.140	365514	3
0.145	20000	1

Price($)

Vol.

No.

0.125

268823

0.130

306287

0.135

107200

0.140

365514

0.145

20000

(20min delay)
Last 12.0¢		Change -0.005(4.00%)		Mkt cap ! $59.24M

Open	High	Low	Value	Volume
12.0¢	12.5¢	12.0¢	$116.1K	954.6K

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