GL1 still have $50mil cash, no CR just yet. The panic selling is due to news about lithium demand drop and supply increase. It is what it is. Although you may think GL1 potential will be similar to CXO but think about the size and current SP. Most are worried about the cost of production.
I just hope DFS bring some positive news.
however I have WC8 and AVZ which is much promising in terms of the size. I will continue to hold. It may take 1 to 2 years to stabilize the lithium price, but I’m not a trader so I’m not fuss. Good luck all!
GL1 still have $50mil cash, no CR just yet. The panic selling is...
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Last
20.0¢ |
Change
-0.005(2.44%) |
Mkt cap ! $52.11M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 18.5¢ | $335.9K | 1.736M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 38646 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 37590 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| GL1 (ASX) Chart |