5.
Very tight float/Limited supply:
Good timing to do this, as JP and Ray's 603's JUST came out today.
-Togher they own almost 22% of DMI.
-The rest of DMI board members own about 11-12%
-Then there's Clive's 7%
Management/directors and insiders own 40% of DMI !!!
(These are all locked in via the ASX and we get to see any and all trade movements from them going foward.)
Please can someone show me another ASX Li play that has such a high % of mgmt. who own shares and such a small number of shares outstanding?
and all the other BSL holders of which many are JP's in-country crew who will be working their butt off get a JORC and ponds/plant made.
( From bit's and pieces I've heard and from ASX fillings...these could amount to another 20-30%
I own a decent wack and I've spoken to and meet other large DMI holders. Plus, more sticky holders that could be coming on board soon...
Everyone here has seen the high quality Lithium investors who have already come on board DMI already (they could take positions from 1-5% very easily...)
They've all proven they'll wait til they see the results.
That means there's ONLY another..30% of the shares outstanding up for grabs or 28M shares over the next 12 months to get. (that's ONLY $7M at today's price...I repeat...ONLY $7M!!)
Just 2% of GXY is 25M dollars.
2% of ORE is 28M dollars.
5% of AGY is 11M dollars.
Will any of these investors put money info another Lithium stock that's on Hombre Muerto (the best Salar in ARG) as their projects grow and their SP raise over the next 6-12 months?
I don't know, what do you think?
In DMI's big move up weeks the past 4 months...we've seen 5-8M traded/brought.
(As DMI isn't a liquid stock, day traders are staying away I think. A good thing I think.)
So how many shares will be available in the next 1 to 3 months or 6 months when drilling starts?
Or 9-12 months when drilling results come in or the JORC is announced?
(I do ask a lot of questions, don't I?)
I highly doubt if you buy DMI today you aren't NOT going to hold til you see the drilling results and what's under THAT Magna.
All the other Li plays out there have hundreds of millions of SO and or very large % floats. Sellers and overheads everywhere. As DMI continues to make new highs. We won't have that problem.
Don't believe me. Look at the DMI tight supply. As of right now...there's ONLY 400,000 shares to 39!!
Buyers outnumber sellers 2-1. At 1 point last week...the ratio was a incredible unheard of 18:1 !!
DMI's float right now I believe is ONLY 25-30% and getting smaller.
Simple supply and demand here.
This is why I think DMI is going to be the next ASX SuperStock.
PLEASE do the above math yourself.
IMO
DYOR!!
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galan lithium limited
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Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $130.1M |
Open | High | Low | Value | Volume |
13.0¢ | 13.5¢ | 12.5¢ | $386.4K | 2.950M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 427848 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 250000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 304461 | 0.135 |
6 | 527848 | 0.130 |
14 | 2267764 | 0.125 |
10 | 804092 | 0.120 |
10 | 1068433 | 0.115 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 250000 | 1 |
0.140 | 552899 | 12 |
0.145 | 388441 | 8 |
0.150 | 449728 | 9 |
0.155 | 68250 | 3 |
Last trade - 16.10pm 14/07/2025 (20 minute delay) ? |
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GLN (ASX) Chart |