GLN 3.45% 14.0¢ galan lithium limited

I expect we'll bottom out shortly and I'm flipping back to a...

  1. 942 Posts.
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    I expect we'll bottom out shortly and I'm flipping back to a buy.

    Reasons:
    - Milei is proving good for Argentina. Inflation is dropping and he's making good on some of his desired reforms
    - BHP Filo acquisition is a vote of confidence for Argentina. More will follow in due course.
    - Export licence will be issued in due course
    - Supply destruction in lithium starting to appear. Demand for EV's still exponential, even with PHEV growing.
    - Our market cap is now 17% of what Posco bought Galaxy's Hombre Muerto Northern tenements for in 2018 (undeveloped, earlier stage, in a declining price environment).
    - Directors following their money down. Conviction is clearly there, even if they had drunk their own Kool Aid.
    - Appointed a CFO. Starting to realise the error of their ways (a frank admission with lessons learned would be nice to hear from JP)




 
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