It's called following the crowd. When the price of Lithium collapsed 80% and they announced mine closures and the banks withdrawing funding for Liontown panic selling set in and they all start selling. Now JP Morgan's have stated its possibly the bottom in the price of Lithium. I for one been buying Galan on the panic on the negitive announcements regarding lithium and I presume a lot of Long term investors have to. The traders sell to early as sentiment appears to have changed. Galan has very experienced management and been at the low cost of producing lithium shouldn't find it hard to fund development . In two years dont be suprised if there well above $1.
It's called following the crowd. When the price of Lithium...
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Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $61.71M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.0¢ | 12.0¢ | $148.1K | 1.187M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 736387 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 315150 | 8 |
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| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| GLN (ASX) Chart |