GLN galan lithium limited

7.14%

10.5¢

General Discussion Banter GLN, page-17740

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TomyHH

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28/06/25

23:27

Post #: 79609686
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Originally posted by dc1234: ↑

Weekly data and thoughts.
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Please not that all my views are for short-term only, and I could be wrong, so please dyor.
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Lithium Sector Overview-
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From a weekly perspective, GLN remained flat at 10.5. There is a mood change happening in Li sector, whether sustainable, we will know soon. But for GLN to stay in double digits is a good sign and platform if the next big move happens. A big week coming up.
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Personally, I picked a few Li stocks this week after long time, also picked up some GLN at 9.5 which it played days this week. Not much, but will double my holdings if signals remain positive.
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Major price action indicators-
ALB - MONSTER week with a gain of around 15%. and now back over 20% from its lows - reached 66.67, nearly a 3 month high
Ganfeng - MONSTER week, gain of around 12.5% for week, Tianqi gain of over 10% - big week
PLS/LTR - MONSTER week, PLS gain of 12%, LTR gain of 10% - matching double digit gains of key indicators
Spot Price - Good, hopeful week - Back in green for the week, a gain of around 1.2%, so second week in last 3 weeks with a green, a rarity for so long
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So what do these numbers say?
For the first time in long time are we seeing something very different on price action
All previous plays, there was one very noticable feature - all jurisdictions never went in tandem. When Chinese increased, US still lagged. When US went ahead, ASX lagged.
I have been reporting numbers for a very long time, but for first in long time, all 3 jurisdictions are going in tandem. All big stocks in the 3 regions had a massive gain of double digits
All big stocks key indicators I track are above 20% from their lows - first box ticked
Some new announcements like AGY also bringing hope
We have a long way to go, but there was nothing not to like this week. But based on past experience, we need at least another couple of good weeks before an average punter may be convinced of a reversal. For Li diehards, this week's number may be enough.

PersonallyI have been consistently writing I am not playing LI stocks fora very long time. This week, after a very long time, I have dipped my toes in the sector. Not much at this stage, but first time in a long time. Have picked up around 6 Li stocks, but small numbers now. If things continue like this week, or should I say, levels are held and its now going back, I feel may double my small holding this week.
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So what may happen next week? On Friday night, US Li stocks were in green, moderate though. So we can start with a smile, and then Chinese stocks will provide direction.
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Here is the Figures for the Week:.
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Expand

What are you other five Lithium stock picks beside GLN?

At current Lithium prices there are only a few that can make money, GLN one of them

The Lithium carbonate price was down to $8400 and Lithiumhydroxid down to $8100 last week

Only GLN and Greenbushes from the list below make money on this level.

Greenbushes has cost overruns with their hydroxid plant
GLN depends on the price they get for their chloride

So probably not a big margin for both of them and nearly everybody else is loosing money (SQM is still making money, I guess)
Luckily GLN has no debt
Last edited by TomyHH: Saturday, 23:30

GLN Price at posting: 10.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 10.5¢		Change 0.007(7.14%)		Mkt cap ! $100.5M

Open	High	Low	Value	Volume
9.9¢	11.0¢	9.9¢	$324.7K	3.146M

Buyers (Bids)

No.	Vol.	Price($)
2	14450	10.5¢

Sellers (Offers)

Price($)	Vol.	No.
11.0¢	1334688	22

View Market Depth

No.	Vol.	Price($)
2	14450	0.105
7	924000	0.100
6	88026	0.099
4	233267	0.098
1	25000	0.097

Price($)	Vol.	No.
0.110	1263164	20
0.115	981249	15
0.120	1177837	7
0.125	317018	5
0.130	303000	4

Last trade - 16.10pm 27/06/2025 (20 minute delay)

GLN (ASX) Chart

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