This is the biggest concern right now. We're in a very bearish sentiment for lithium after being in an obscenely bullish sentiment for quite some time. This allows far more predatory behavior with raises where companies are forced to take worse deals since less capital is available.
So while GT1 has assets and a pretty good plan moving forward and won't have any issues raising capital I think like many penny dreadfuls...it won't be as cheap and easy as it has been in the past. Combine this with the internal sentiment quite a few people have about cash spend and it would easily explain why you have considerable selling.
I'm currently 50/50 on this, I like the project heaps, I think management got somewhat screwed over by the macro unfortunately which is out of their control but belts seriously need to be tightened and shareholder capital respected moving forward. They need to keep an eye on timing the lithium cycles better if we re-enter a bull phase and they can raise high as opposed to raising on the way down.
Good luck everyone, I hope the lithium sector turns soon which will make things easier. There is some good news popping up around this recently.
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Last
11.5¢ |
Change
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Mkt cap ! $37.00M |
Open | High | Low | Value | Volume |
11.5¢ | 11.5¢ | 11.0¢ | $15.61K | 136.1K |
Buyers (Bids)
No. | Vol. | Price($) |
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8 | 200221 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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11.5¢ | 10340 | 1 |
View Market Depth
No. | Vol. | Price($) |
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8 | 200221 | 0.110 |
5 | 190046 | 0.105 |
14 | 495669 | 0.100 |
1 | 111111 | 0.091 |
2 | 55600 | 0.090 |
Price($) | Vol. | No. |
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0.115 | 10340 | 1 |
0.120 | 129131 | 3 |
0.125 | 176429 | 5 |
0.130 | 5349 | 2 |
0.145 | 101428 | 2 |
Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
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Last updated 15.59pm 26/04/2024 ? |
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