It was always going to be a quiet year with just the MRE upgrade at end H1 and DFS at end H2 2024. The market is now seeing the recovery in the lithium price taking longer than first thought, so has not valued the recent substantial MRE upgrade. In addition, it is tax time, and so why not sell GL1 to realise a loss so it can be offset against other capital gains? Hopefully they buy back in.
I am sure that the company is working on what happens after the DFS at the end of this year. They are a capable management team and have good connections with MIN and Chinese investors.
Everyone is in agreement that lithium demand will grow substantially and will eventually exceed supply. At the start of the year everyone believed that the Li price would recover by end-2024 but now it seems that the market believes Macquarie Bank in their statement that this is not likely to be until 2026-28. GL1 is cheap as chips at the current price IMO. There should be good gains for the patient investor willing to buy at these prices. It is just a pity that most of us bought in at higher prices!
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Last
23.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $59.93M |
Open | High | Low | Value | Volume |
23.0¢ | 24.0¢ | 22.5¢ | $36.02K | 156.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 66653 | 23.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.5¢ | 20388 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 172353 | 0.230 |
1 | 44444 | 0.225 |
6 | 55048 | 0.220 |
1 | 13953 | 0.215 |
5 | 153466 | 0.205 |
Price($) | Vol. | No. |
---|---|---|
0.230 | 10 | 1 |
0.235 | 20388 | 1 |
0.240 | 31047 | 3 |
0.250 | 134897 | 5 |
0.255 | 30401 | 2 |
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