GLN

7.14%

13.0¢ galan lithium limited

General Discussion Banter GLN, page-9287

First 9287 Last

Share
Profile

Follow
mbot

10,306 Posts.

1248

31/10/22

22:31

Post #: 64511435
Share

Originally posted by paulgf: ↑

JPs strategy by doing this is twofold , we get to market sooner ( 2025) hopefully while the high prices remain and then we can build the cashflow that goes toward the carbonate plant, probably somewhere around another 250 M of additional capex cost for the carbonate plant component. It’s not a one or the other approach but a staged approach to build cashflow quicker also at a lower Opex risk also .

By getting to cashflow sooner you also have greater ability to use debt in the carbonate capex stage which further saves on dilution . This is why a few here on the forum think getting fully to carbonate production down the path with a staged approach may keep shares on issue sub 600 M which would if achieved would be a master class in bringing a project fully into full production without diluting shareholders significantly .

The author here bangs on about this a lot because he heavily backed a company a company called degrey mining and they discovered arguably the biggest new gold deposit in Australia in recent years at their Hemi site .

However while said author has done pretty well out of it because there was a lot of misadventure by the company and giving away shares Willy nilly in the early days they will like hit production with well over 2Bn shares on issue which puts a massive cap on the amount of share appreciation is possible with the project even with the multi billion dollar npv they are drilling out .

This taught the author first hand having management savvy enough to this issue and being creative in how to get to cashflow sooner rather than latter with less share dilution in the long run makes an enormous difference to your potential upside . Most of the boards on the asx honestly are not this entrepreneurial and don’t give a toss as long as their next director fees are paid . For mine Jp here understands this concept ( probably because he owns a ton of shares himself and doesn’t want to be diluted to buggery in getting to the finish line like this author experienced with degrey ) and this is unusual on the Asx .

So for mine he is absolutely on the right path strategically with going for a staged chloride approach first then moving onto carbonate .

Expand

When will they move to carbonate?

GLN Price at posting: $1.52 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

DVP

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Is oil undervalued?

NXG

Cost blow-out for Rook I uranium project sees share plummet for NexGen

BOE

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

WGX

Westgold sets its sights on top five producer status through merger with Karora

VMS

Venture to sniff out high-grade REE targets at Jupiter project, WA

GRX

GreenX picks up prospective copper project in Germany

MGU

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

VMT

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

There are more pages in this discussion • 6,358 more messages in this thread...

First 9287 Last

Add GLN (ASX) to my watchlist

(20min delay)
Last 13.0¢		Change -0.010(7.14%)		Mkt cap ! $63.56M

Open	High	Low	Value	Volume
13.0¢	13.3¢	12.5¢	$219.0K	1.686M

Buyers (Bids)

No.	Vol.	Price($)
2	112462	13.0¢

Sellers (Offers)

Price($)	Vol.	No.
13.5¢	218133	4

View Market Depth

No.	Vol.	Price($)
2	112462	0.130
16	606335	0.125
9	391999	0.120
5	94824	0.115
8	454554	0.110

Price($)	Vol.	No.
0.135	218133	4
0.140	262800	4
0.145	238231	3
0.150	230415	7
0.155	132194	4

Last trade - 16.10pm 02/08/2024 (20 minute delay)

GLN (ASX) Chart

General Discussion Banter GLN, page-9287

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Is oil undervalued?

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Westgold sets its sights on top five producer status through merger with Karora

Venture to sniff out high-grade REE targets at Jupiter project, WA

GreenX picks up prospective copper project in Germany

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

General Discussion Banter GLN, page-9287

Top Stories

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Is oil undervalued?

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Westgold sets its sights on top five producer status through merger with Karora

Venture to sniff out high-grade REE targets at Jupiter project, WA

GreenX picks up prospective copper project in Germany

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News