GLN 0.00% 14.5¢ galan lithium limited

Cash could down to zero this week. GLN plan seems to cut down...

  1. 449 Posts.
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    Cash could down to zero this week. GLN plan seems to cut down cost but keep building. If thats the case, they most likely need to draw down ATM.

    Glencore dd seems like a fail. However, I don't see benefits to Glencore if this deal not going thru. So a bit confusing here.

    JP seems very confident on getting the fund somewhere. I tend to believe in him but it may take awhile to get the funding. In the meanwhile, on top of drawing down ATM, they may need to do another CR at a very low price.

    The media coverage yesterday is fantastic. It helps getting more awareness of GLN. This is what we need. We were always the bridesmaid in the past. It will help us in the next run.

    In the meanwhile, I am still holding it (in red). Thinking of buying more but also remind myself the above.
 
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