GLN

0.00%

14.0¢ galan lithium limited

Mate i’ve been picking up those sub $1k parcels for the last 6...

First 12 Last

Share
Profile

Follow
Big Johnny

592 Posts.

112

26/02/19

21:59

Post #: 37578455
Share

Originally posted by Gary76: ↑

yes they are rabbittng on about a capital raising funny. But seriously looking at it what are the chances.
1. yes they have more money coming in due end of year from options and any time from 5m facility so their will not be an emergency cap raising.
2. Enough money for 6 holes, Time to do with one rig ? if they want second rig need more money.
3. For JORC i think they need like 15 or so holes, so they will need more money for that.
4. So question will be will they get better return from traditional capital raising or use the 5 million facility, interesting question to many variables.

So i think they will want to speed up the process of getting to JORC, they will need more rigs and more money. Cap raising must be better value than a loan. ? but no doubt depends upon all the terms.
hope they don't want to wait till end of year for the other options to be exercised.

My guess would be Finnish the next hole get the numbers out and get the share price up to say 0.70c or better then do a cap raising at a premium to the market to a single big insto to get them into the stock so as it can then be pushed higher.

From what i understand the second hole will be significant as it should indicate that the whole valley is a Li brine trap going better than 800 ppm.

A capital placement to a big insto i think would be a very good outcome. don't think we will get in on the action as the small share holders seem to be whats holding back the share price, im amazed at the little sub $1,000 parcels that go through. is it day traders i thought they went in and out using more money than that? so who are they ? school kids ?  or is it now with the internet many many more small investors get in the stock, who the hell are they? BOTS ?

Expand

Mate i’ve been picking up those sub $1k parcels for the last 6 mths.
Prob is I do it every bloody 2nd day !!!

GLN Price at posting: 45.0¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

Reply

Top Stories

EUR

European Lithium snaffles prospective Irish project

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 1 more message in this thread...

First 12 Last

Add GLN (ASX) to my watchlist

(20min delay)
Last 14.0¢		Change 0.000(0.00%)		Mkt cap ! $60.50M

Open	High	Low	Value	Volume
14.0¢	14.5¢	13.5¢	$232.3K	1.669M

Buyers (Bids)

No.	Vol.	Price($)
23	2178553	13.5¢

Sellers (Offers)

Price($)	Vol.	No.
14.0¢	746751	10

View Market Depth

No.	Vol.	Price($)
1	50000	0.115
7	472031	0.110
11	947628	0.105
25	1490999	0.100
2	20000	0.099

Price($)	Vol.	No.
0.125	1573785	9
0.130	254710	7
0.135	293280	3
0.140	225541	3
0.145	344396	6

Last trade - 16.10pm 22/11/2024 (20 minute delay)

GLN (ASX) Chart

Mate i’ve been picking up those sub $1k parcels for the last 6...

European Lithium snaffles prospective Irish project

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Mate i’ve been picking up those sub $1k parcels for the last 6...

Top Stories

European Lithium snaffles prospective Irish project

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News