GL1

1.96%

26.0¢ global lithium resources limited

Hey, appreciate your inputs. With these current prices do you...

First 1093 Last

Share
Profile

Follow
Sunseeker72

707 Posts.

84

20/03/23

14:19

Post #: 66859705
Share

Originally posted by SugeKnight: ↑

I think @dawgfather makes some fair points to consider

Yes the macro conditions are definitely playing a part, and also lithium prices are trending down too which isn't helping.
But i feel like GL1 appears to be getting hit harder than the others, and there may be some reasons for that hidden in the scoping study

The scoping study brought to attention a few things that i've seen people talking about:
1) The CAPEX (if i remember correctly its over $400M?). That's a pretty big CAPEX and GL1's MC falling towards $300M isn't a good look. Investors may be worrying about dilution, etc?
2) The strip ratio. Due to the nature of the pegmatites at Manna, the strip ratio isn't good (a lot of waste product)

I've checked the broker data and the latest data is showing Canaccord as the biggest seller, incase anyone is interested

Hopefully the new drilling campaign testing the regional areas of Manna will provide a positive result and expand the resource which would be great for the SP. If lithium bottoms out and stabilizes then all lithium stocks including GL1 will start to move in a positive direction

I think the company should consider selling Archer and using those funds towards developing Manna as Manna is the main project here now, and that would remove the dilution fears investors may have.

And maybe if something develops from these talks late last year:
looking at some downstream options. We feel the best way to pursue that downstream strategy is by some level of partnership.“So we’ll bring the raw material, and our partner will bring the IP and also a significant level of the capital required to develop the downstream piece. So that’s likely the preferred course of action we’ll take and, again we’re in discussions already with some some likely partners in that space. So there’s something to look forward to next year.

Expand

Hey, appreciate your inputs. With these current prices do you personally consider this oversold and undervalued?
Considering MIN bought in quite high I wonder if they will consider topping up, could bring a bit of spark that we need also.

GL1 Price at posting: $1.20 Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

NVA

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

IGO

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

MIN

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

HRZ

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Nine's staff strike as Paris Olympic coverage begins

ASX Market Open: ASX200 to rise for Friday session | July 26

RHK

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

MND

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

There are more pages in this discussion • 1,023 more messages in this thread...

First 1093 Last

Add GL1 (ASX) to my watchlist

(20min delay)
Last 26.0¢		Change 0.005(1.96%)		Mkt cap ! $67.66M

Open	High	Low	Value	Volume
25.0¢	26.0¢	25.0¢	$35.99K	139.0K

Buyers (Bids)

No.	Vol.	Price($)
2	180995	25.5¢

Sellers (Offers)

Price($)	Vol.	No.
26.0¢	3790	1

View Market Depth

No.	Vol.	Price($)
2	180995	0.255
6	352933	0.250
2	270000	0.245
4	21840	0.240
4	96965	0.235

Price($)	Vol.	No.
0.260	3790	1
0.270	10000	1
0.275	41450	3
0.285	5424	1
0.290	13353	2

Last trade - 16.10pm 26/07/2024 (20 minute delay)

GL1 (ASX) Chart

Hey, appreciate your inputs. With these current prices do you...

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Nine's staff strike as Paris Olympic coverage begins

ASX Market Open: ASX200 to rise for Friday session | July 26

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Hey, appreciate your inputs. With these current prices do you...

Top Stories

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Nine's staff strike as Paris Olympic coverage begins

ASX Market Open: ASX200 to rise for Friday session | July 26

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News