Since the first GEO report and before any drilling I believed...

Since the first GEO report and before any drilling I believed GLN 's trading range should be 50-70. (I was very cranky that the market hadn't agreed with me)... I based this on what GLNs peers were trading on and the GXY/POSCO deal value.

NOW, after the first drill results my trading range is 70-80+
However, the GXY/POSCO deal being settled (and Clive deciding it's worth a re-tweet.)
I'd bump that up to 90+

The GAME CHANGER is the NEXT drilling results (basically in the bottom 3rd of Candelas)
THESE results basically confirm TO ME and I believe many in the industry...that...as SRK Consulting says...GLN's Candelas is a WORLD class lithium project!!!

After that it's up to the market (and I agree lithium sentiment isn't what it was 12 months ago) however...the POSCO deal, that's NOW closed was worth 385M AUD, so for GLN to trade between $1-$2 doesn't seem unreasonable...while we wait for the JORC to be finished.

If you don't believe that GLN can get to those levels...press the sell button at whatever level you think is right for you.

but, do think for 1 minute...
IF sector sentiment comes back to anything close to 18 months ago...would you not want to hold GLN?

She's is in for a massive ride going forward!
Hombre Muerto is DIFFERENT.

IMO
DYOR!!


Clive re-tweeted this...
GLN mgmt. seem to be really aware of the 385M AUD deal price.