GLN (ASX) Ann: Drilling Update

Originally posted by billyen: ↑

( I know I said I wouldn't post until DH #3 results...sue me! )

I'm not expecting much from DH #2.

I'd be happy with 100-200 ppm. Not great but, if they hit a GEO hotspot (which would be bad luck IMO) then ALL I want is SOME brine in there.

If there is 100-200 ppm...then Candelas has BRINE all through it.

That's all I care about.

The sellers thought there would be NO brine...ZERO...a dud.

100-200 ppm proves them very wrong and the market is going to go...I can't believe I fell for that (downrampers/ experts who showed up for 3 days! We learned so much from them. So many correct facts. )

Other projects are getting JORC's on 200-300 ppm so, there that.

Get a DH into Line 2 and 3 I say...get the SAME results as DH #1 and GLN has a 1M-1.5M JORC just on the TOP 40% of Candelas alone!...and we haven't even touched the south yet.

At the end of the day...that's what GLN needs to sell Candelas for the going amount...which is a weee, bit more than the current MC.

Everyone with the emotion...the guessing.

Do the BLOODY math! DH #1 was better than anything I expected.

Remember, SRK are doing the JORC...THEY need to put their name on the JORC.

DH #1 on my math, is 400k-500k+ so far...(I've confirmed this with my 3rd party sources.)

Making money in the stock marketing isn't easy.

This is where you need to figure stuff out...If ppl. are "hoping" for the best on DH#3...maybe the stock market isn't your game.

-I'm invested heavily in Hombre Muerto (GLN)...the #1 salar in Argentina.

*The 2nd best in the world.

-A mgmt. team that owns 42% of the company and STILL buying.

-DH results from the 1st hole that surprised me.

-A stock with a 30M MC that's so unvalued...it hurts.

If one can't see that...then I can't help them...the info has been posted over and over the past 8 months. There's really no more posting that needs to be done. Either you've DYOR and have conviction in it...or you don't.

There was a lot of selling over 6 days...BUT...there was a HELL of a lot of buying too!

There's been over 1.3M shares looking to BUY GLN at their price the past week...we normally only had 300-400k. That's something there.

Stocks go up because of more buying, than selling and the supply is thin now.

There's been a lot of buying in the 25-35 range...I can't see them buying GLN and looking to get out a 50?

I personally think we RE-freshed the float and have a new bunch of STICKY hands.

Maybe the selling was healthy? Weak hands that bought in the teen or 20's who think GLN is just another Li play. We'll see.

After the drilling and the JORC...the market will let everyone know who was right and who was wrong.

There's going to be a lot more eyes looking at the DH results then there was before. (any advertising is good advert.....??)

I'm going to enjoy the ride up.

See you in a couple weeks.

IMO

DYOR!!

Expand

Absolutely well said there champ!!

Whoever's been topping up at these bargain basement prices is going to kill the pig!
Well at least a 2 or 3 bagger from these levels but unfortunately for me I didn't have the spare coin available to keep adding to my shares!

Will have to be content to sit with what I've accumulated over the past year and ride the GLN train back up from here!!

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(20min delay)
Last 12.5¢		Change 0.000(0.00%)		Mkt cap ! $60.50M

Open	High	Low	Value	Volume
12.0¢	12.5¢	12.0¢	$400.4K	3.243M

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