so zhu absorbed share price when goldenstar sold off. Share...

First 7 Last

Share
Profile

Follow
Jacko62

554 Posts.

119

07/02/25

18:30

Post #: 77760038
Share

Originally posted by yihao: ↑

I see Zhu has tried to support the share price and minimise the impact of the exit of Golden Star by absorbing most of their shares. The conflict between them is that Zhu and Canmax wanted GL1 to focus on the delivery of DFS on Manna and progress this project while Ron wants to hold off the project (they did a lot of infill drilling last year and delay the DFS several times) and shift company’s strategy to a multi-commodity exploration company.

As a shareholder, I think what we vote for next week is whether:
1. You want GL1 to focus on Manna and deliver DFS, finalise the off-take and funding as all other lithium companies did or are doing. (The risk here is we all don’t know if the project would be economical under current market price). Ron predicted the recovery of lithium prices in many conferences and meetings, but it didn’t happen, and hardly in the near future as well due to the increasing supply from Africa and South America.
2. You agree with Ron that GL1 should shift focus to gold or even REE and continue to drill and explore the tenant that company has. And we just freeze Manna for an unknown period of time which no one can predict - Ron didn’t tell us the shareholder, under what lithium price, he would think the Manna DFS can restart.

Expand

so zhu absorbed share price when goldenstar sold off. Share price was smashed from around $1.20 to 20c.

I would hate to see what zhu woukd have done to not absorb share price.

GL1 Price at posting: 21.0¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

PTX

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

ASX Market Open: Oz traders follow Week 29 highs with Monday pullback | July 21

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

First 7 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 19.5¢		Change 0.000(0.00%)		Mkt cap ! $51.03M

Open	High	Low	Value	Volume
20.0¢	21.0¢	19.5¢	$128.2K	639.6K

Buyers (Bids)

No.	Vol.	Price($)
1	11706	19.5¢

Sellers (Offers)

Price($)	Vol.	No.
20.5¢	67194	2

View Market Depth

No.	Vol.	Price($)
1	10000	0.190
1	3546	0.185
2	109000	0.180
5	131298	0.175
6	220937	0.170

Price($)	Vol.	No.
0.205	47545	1
0.210	15214	1
0.215	25000	1
0.220	50700	3
0.225	27574	1

Last trade - 16.10pm 18/07/2025 (20 minute delay)

GL1 (ASX) Chart

so zhu absorbed share price when goldenstar sold off. Share...

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

ASX Market Open: Oz traders follow Week 29 highs with Monday pullback | July 21

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

so zhu absorbed share price when goldenstar sold off. Share...

Top Stories

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

ASX Market Open: Oz traders follow Week 29 highs with Monday pullback | July 21

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News