I think probably a 50% offtake with 75% to 80% Cash to Finance HMW phase 1 would be nice (say 10ktpa LCE equivalent in Chloride 5 years offtake agreement. Price mechanism chloride @ % from LCE spot price with a 10% to 15% discount prolly because of the cash given to construct HMW 20ktpa LCE equivalent operation)
and we shareholders fund the other 25% (minimum dilution) and the other 50% to be sold in Spot market?
some good offtakes would be good for the company too if it would later be easier to get financing for the Carbonate plant or financing for Candelas.
But in any case GLN is in a better position than many explorers/developers, hope to see GLN as a producer by Q1 2025
AIMHO.
General Discussion Banter GLN, page-8092
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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 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| GLN (ASX) Chart |