GLN 3.57% 13.5¢ galan lithium limited

Ann: Trading Halt, page-75

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  1. 3,988 Posts.
    lightbulb Created with Sketch. 47
    So what might we get tomorrow? 1st hole was 166m @~800. Looking at the geophysics and the above ground geology its a narrowish part of the valley relativity speaking, so it could be ~ double that depth of brine, say 350m@~800ish. The probability is that the grade will remain relativity consistent as thats what it is throughout the greater salar.
    So the next question is what will that mean for the SP for the short term? There is pent up demand, which will gap up on open, however i think alot of this hole has been built into the SP gains over Friday/Monday, so it may end up even or slightly down by the end of the day. The wild cards are better grade/depth which could change that to the upside, or less grade/depth which could change that to the downside.

    We all await with great expectation.



 
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