GLN 0.00% 13.5¢ galan lithium limited

General Discussion Banter GLN, page-8171

  1. 847 Posts.
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    I just had a look myself , company literally done nothing in 3 years ( I don’t really count a non binding mou with bmw anything to rave about) . When you spend most of your qtrly justifying you did nothing ie no drilling , no anything , because of covid ( this is 2022, not 2020) then alarm bells should start ringing .

    Their corporate burn rate similar to Gln , 600 K per qtr but Gln got done near 4.0M of underlying exploration work compared to eur of 1.4 M . Your paying a lot of corporate cost per qtr for not much outcomes in that vehicle .

    Final part of their qtrly worth a chuckle was them plugging their ukraine lithium tenement applications that all exist in the southern centre ( no that far from crimea which kicked off this mess in 2014) or eastern part of the country ( yep pretty much right in the Donbas region - already Russian controlled and likely to remain Russia controlled once the fighting is done) . Lol good luck with those !
 
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