GLN galan lithium limited

That is the most delusional post ever."Beautifully positioned"?...

  1. 3,445 Posts.
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    That is the most delusional post ever.

    "Beautifully positioned"? Are we talking about the same company?

    The one that is on the brink of collapse, barely holding on with constant, punishing capital raises just to stay afloat.

    For months, shareholders have been sold unrealistic dreams while the company's finances have been mismanaged, leading to our current predicament.

    Aside from construction progress, nothing - absolutely nothing - that was presented to us has materialized.

    I know I might overuse the phrase "smoke and mirrors," but there's no better way to describe what management has presented to us since construction began.

    With dwindling funds, limited options, an ongoing declining sentiment around lithium, and a leadership team lacking financial and capital management experience, it's hard to see a future for this company that doesn't involve either Care & Maintenance at best or, at worst, administration.

    Make no mistake, this situation can't be blamed on inflation, the price of lithium, or market sentiment. Sure that didn't help, but the core issue lies in the reckless spending that occurred when management made the conscious decision to start construction before finalizing the financial deal.

    That was utterly irresponsible, and if the worst happens, I hope those who have lost money will look into it and take legal action as they might be advised.
    There needs to be accountability for such reckless behavior.
 
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Last
9.5¢
Change
0.002(2.15%)
Mkt cap ! $91.00M
Open High Low Value Volume
9.4¢ 9.5¢ 9.3¢ $49.66K 528.2K

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No. Vol. Price($)
1 10638 9.4¢
 

Sellers (Offers)

Price($) Vol. No.
9.5¢ 374338 2
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Last trade - 15.58pm 18/06/2025 (20 minute delay) ?
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