Looks like the attention is on Argentina! There may be huge buying pressure coming in on Monday after rumour Rio Tinto buyout of Arcadium. Rumoured to be US$6b or above.
Galan's Hombre Muerto West is exactly at the same salar as Livent's flagship mine. It has one of the highest grade lithium among brines in the world.
Galan's HMW is currently under construction and slated for first production in 2025.
The market cap of only $70m will definitely attract potential bid for Galan, given its high grade and advanced atatus.
Looking for a swift rerate for Galan to at least 20-30c in the coming weeks.
General Discussion Banter GLN, page-15958
Add GLN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
15.0¢ |
Change
-0.005(3.23%) |
Mkt cap ! $109.2M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 14.8¢ | $1.036M | 6.706M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 350997 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 510000 | 7 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| GLN (ASX) Chart |