GLN 7.14% 13.0¢ galan lithium limited

General Discussion Banter GLN, page-919

  1. 691 Posts.
    lightbulb Created with Sketch. 469
    Absolutely this affects us. This from GXY September quarterly:

    15EB0EFC-7049-49E4-9B1C-F9207CD7FD20.jpeg

    Anyone who knows anything about salars and brine knows you don’t go exploring for fresh water at 301 meters.

    Salars are sedimentary (ie they form horizontal layers). Think of it like a pancake stack. The maple syrup spreads outwards rather than penetrating down. So fresh water deposits stay near the surface and spread outwards, rather than going down.

    The Lithium One studies commented on this, and our geophysics confirmed it. High conductivity brine zone at depth.

    My opinion - everyone is trying to play down Candelas because they’d like to pick up some land cheap. Galaxy have stated they want to expand their resource at SDV - I reckon they’ll try and buy us out. So it’s in their interest to say things like ‘fresh water exploration’.

    All IMO. DYOR.
 
watchlist Created with Sketch. Add GLN (ASX) to my watchlist
(20min delay)
Last
13.0¢
Change
-0.010(7.14%)
Mkt cap ! $60.50M
Open High Low Value Volume
13.5¢ 13.8¢ 13.0¢ $631.3K 4.692M

Buyers (Bids)

No. Vol. Price($)
25 1499109 13.0¢
 

Sellers (Offers)

Price($) Vol. No.
13.5¢ 1576447 8
View Market Depth
Last trade - 16.10pm 25/11/2024 (20 minute delay) ?
GLN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.