GLN

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11.5¢ galan lithium limited

General Discussion Banter GLN, page-2082

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Batcher1

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13/03/19

16:05

Post #: 37749530
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Originally posted by rjohnson1234: ↑

Everyone knows I am positive on the potential for a great resource at Candelas and our western projects. However the way things have been handled over the last week is nothing short of pathetic. I summarise my views:

- Drill hole 1 brilliant

- Drill hole 2, 9km south I have no problem with that as we were going for the killer punch

- JP knows the project and is doing well but he needs to be back in Argentina, imo it was a complete joke to go do a preso in perth, he should have been on the plane to argentina. Talking to a bunch of retirees with their pension moneys who are just there for a free feed is of no benefit at this time imo.

- It is well known that some on the board couldn't cobble together much success in other stocks. Name me one success our chair has had for instance? Hold on......he has remained employed......well done! imo the scorers haven't been troubled much by their "form".

- There should have been an ann today to update on progress with hole 2, plain and simple we own the company and we should know where they are at.

- I am hearing the ASX were also not happy with how things have been handled over the last week.

- For the life of me I have no idea why they haven't utilised the $5m facility with acuity. IMO they should get that cash and get 2-3 rigs going. They should be drilling 3 holes at the same time......…..next been one in the middle of csmat 2, one out wide on csmat 2 and one more down south in a different spot after hole 2 has been analysed. There is then 3 holes underway testing width, depth and grade etc.

- Hole 2 by now imo would be at 550-600m with an estimated basin at 750m, who knows the basin could be deeper? I still hold hopes for DH 2 but if not they need to try and work out what's going on and then find where it is!

- Even just with half of candelas having brine at 200m thickness we easy get to a 1.5m tonne resource.

- It is clear the csmat work is perhaps not as reliable as we hoped, clearly the blue isn't brine or we would have hit it at hole 2.

- I am starting to believe there are pockets of brine and its going to be harder to drill and find them compared to if it was one continuous flow......who knows I hope I am wrong!

- I am watching …...we cannot blame management if there is no brine in hole 2 but we can hold them responsible for their communication and management. Its one thing to have a resource but a strong management team is also needed and some of them I do not believe "pass muster" and most I chat to offline know these have been my views on management the whole time not just now!

- IMO if there is no ann tomorrow that they have hit brine then hole 2 is a duster. I expect management will take the time with their expert consultants to reassess things so that the next holes are "on target".

- In a month this will all be in the past as they will know where to drill now imo

Expand

disagree about tomorrow no Ann it's a duster!
imo Friday if anything or first thing Monday!

GLN Price at posting: 29.5¢ Sentiment: Buy Disclosure: Held
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General Discussion Banter GLN, page-2082

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

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General Discussion Banter GLN, page-2082

Top Stories

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Buxton projects new graphite province discovery at WA Narryer play

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

BCI reaches close of funding facility for salt-first part of Mardie project

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

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