Evening all,
Well I just spent an enjoyable hour after EOFY work madness reading back through about 5-6 pages of this thread (because to be honest I forgot it existed, I tend to just following 'Compelling opportunity'). I read from around late January till today and it was quite instructive reading through all the posts with the benefit of hindsight. A few things I thought I'd highlight/share:
- A bunch of people who were handwringing about the SP fall from 54c to around 44c are apparently no longer around - either they've gone silent (hopefully) or they've sold out (hopefully not), and if the latter, have missed the subsequent move up to 75-85c. Patience is required, and will be rewarded here.
- There was a lot of reminding ourselves of the underlying value of the project when the SP fell to 44c - some posters (@AyDee, looking at you!) were saying "buy at these levels, this is an absolute steal" - how right they were! We're still saying the same stuff at 70c to 75c, and it's still true. In fact, with the extra news flow we've had since February/March, it's even more true than it was then, despite our subsequent price rise.
- There's a few excellent write ups about selling concentrate - scroll back and take a look if you're curious or you've forgotten about them.
- A predominant theme was that people were hoping for "the next leg up" towards $1 and were basing this on a variety of things but chiefly the NPV being refreshed with a higher LCE price. Well we've gone from low 40's to (current position) low 70's without that even needing to have happened.
- As a general rule, I have to say the GLN threads have posters of the highest quality. Aside from the occasional day trader watching the price movements too closely, I've never come across a better behaved group of posters anywhere on HotCopper. There's a fantastic level of understanding not just about Galan's prospects, but about lithium processing/extraction in general that I just don't see on other lithium threads. As somebody said a few months back, the complete lack of downrampers (or "too the moon upramping idiots") here says quite a bit about the prospects of this company.
Cheers,
mondy
- Forums
- ASX - By Stock
- GLN
- General Discussion Banter GLN
General Discussion Banter GLN, page-6050
-
- There are more pages in this discussion • 9,237 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GLN (ASX) to my watchlist
(20min delay)
|
|||||
Last
29.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $119.7M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3330 | 30.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.0¢ | 325000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3330 | 0.300 |
2 | 27575 | 0.290 |
4 | 145550 | 0.285 |
3 | 127974 | 0.280 |
5 | 33908 | 0.275 |
Price($) | Vol. | No. |
---|---|---|
0.230 | 325000 | 2 |
0.235 | 319071 | 2 |
0.240 | 54050 | 3 |
0.245 | 306986 | 2 |
0.250 | 163000 | 4 |
Last trade - 16.12pm 17/05/2024 (20 minute delay) ? |
Featured News
GLN (ASX) Chart |
Day chart unavailable