HMW stage 1 project is not really a big one, doesn’t like some WA hard rock projects that involve almost a billion dollars capex.
The slowing down even halting construction, might not be that hard although there are costs involved, but that still would be much better than diluting shareholders at such a low price.
If you wanna be a producer, waiting for the sector to bounce, financing the capex at a much easier way at a much lower cost. The HMW project still worth multiple of current market cap just compared with LEL’s Argentina brine project (low grade early stage is being sold at three times LCE per ton than GLN’s.
all imo.
HMW stage 1 project is not really a big one, doesn’t like some...
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15.3¢ |
Change
-0.008(4.69%) |
Mkt cap ! $74.56M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 15.0¢ | $84.36K | 546.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 51 | 1397359 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 140699 | 12 |
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| Last trade - 14.43pm 22/07/2024 (20 minute delay) ? |
| GLN (ASX) Chart |