GLN 0.00% 12.5¢ galan lithium limited

I don’t think one would normally borrow money to go drilling. A...

  1. vmp
    4,860 Posts.
    lightbulb Created with Sketch. 848
    I don’t think one would normally borrow money to go drilling. A debt facility at this stage is more for emergency purposes unless it is convertible into equity. The best bet is for the SP to be sustained above $1 and option holders start to capitalise on it by converting options en masse to support the company’s cash flow. I hope management are astute in this regard. A few recent CR’s I’ve seen have idiotic terms examples ajm and rle and E2e among them in the last few weeks. As long as they don’t kill the momentum with unnecessary financial blunders things will go as any SH would like them to be.
    Last edited by vmp: 09/03/19
 
watchlist Created with Sketch. Add GLN (ASX) to my watchlist
(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¢ $528.6K 4.271M

Buyers (Bids)

No. Vol. Price($)
1 39996 12.5¢
 

Sellers (Offers)

Price($) Vol. No.
13.0¢ 1977137 8
View Market Depth
Last trade - 16.10pm 28/11/2024 (20 minute delay) ?
GLN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.