Exactly right, the whole sector is hurting. With this funding...

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WM03

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23/11/23

13:17

Post #: 71067385
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Originally posted by ForeverNewbie: ↑

This is just straight facts. It is an unfortunate reality for any company heading into the construction phase to prod.
There are very few announcements left in the kitty litter in the near future and the Li sentiment is in the trash can atm.
People will overlook the fact we are funded for phase 1 now with no dilution and now in the box seat for a competitive phase 2 funding process.

People with no patience will get tired of waiting and pull their money out in the hope of a unicorn and take their losses.

Those that have patience to hold till construction will not only be heavily in the green but will be able to sell whenever and not worry about tax implications.

Far too many traders on HC

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Exactly right, the whole sector is hurting. With this funding from Glencore, JP has mentioned it may even get us to production sooner than H12025 which is only a little over a year away. Not a long time to wait and hold to be cash flow positive.

Market is throwing money at speccy hard rock explorers at the moment, many with market caps 4x ours.

Patience will be rewarded here. Watching daily SP action is pointless. it is very clear Galan management are delivering on the ground at HMW, and now we are funded with a binding offtake, risk IMO is quite low, politically risk is now lower IMO due to the result of the recent election. Hard to find something not to like, other than a few communication missteps etc.

Pond 1 filled by Jan 2024. Bring it on!

GLN Price at posting: 66.0¢ Sentiment: Buy Disclosure: Held
25 Upvote

2 Great analysis

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