GLN 3.13% 16.5¢ galan lithium limited

General Discussion Banter GLN, page-14607

  1. 892 Posts.
    lightbulb Created with Sketch. 39
    The price if lithium dropped 80%. The big lithium produces announced there cutting back production. You had numerous lithium companies announcing they stopped production. Problems with the production in Wa. Now you have JP Morgan worried the price has possibly found a floor. Let's say the price only falls 60% but could increase over 100% of there lows. You possible have the hedge funds whom shorted buying back stock to either lock in profits or cover loses. You can see this now with strong price gains with Pilbara mines. The Chinese lithium mines are coming under scunity by there government regarding impact to the environment. Galan have one of the largest mining companies Glencore looking at providing funding for one of the lowest cost lithium producers in the world according to Galan managent . To me this stock could be paying us in two years time. Early Retirement.
 
watchlist Created with Sketch. Add GLN (ASX) to my watchlist
(20min delay)
Last
16.5¢
Change
0.005(3.13%)
Mkt cap ! $78.20M
Open High Low Value Volume
16.0¢ 16.5¢ 16.0¢ $112.2K 686.9K

Buyers (Bids)

No. Vol. Price($)
27 1614830 16.0¢
 

Sellers (Offers)

Price($) Vol. No.
16.5¢ 290027 5
View Market Depth
Last trade - 16.10pm 11/07/2024 (20 minute delay) ?
GLN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.