GLN 0.00% 12.5¢ galan lithium limited

Come on guys,  of course there will be a CR, nothing to fear and...

  1. 3,988 Posts.
    lightbulb Created with Sketch. 47
    Come on guys,  of course there will be a CR, nothing to fear and a good thing, bring in an equity partner for ~10mill shares @ 50-60+c,  gives a strong balance sheet to attack more drilling, JORC  and other acquisitions... with negligible dilution if you were a board member with the SP where it is its a no brainer, options conversion adds to the balance sheet of course, but you cannot control when they will be exercised to a certain degree.

    If you were on the GLN board, this is what you would do, if for nothing else to put you in control rather than waiting for options or taking on debt....

    IMO, most of you have talked yourselves into believing  a particular narrative  and not being objective, which is understandable when you get emotionally involved.

    By the end of the calendar year, we should have a JORC, <200mill shares on issue (including performance shares) and a SP in the $1+ range and a strong balance sheet, whats not to like about that.

    Looking fwd to next week
 
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
12.5¢ 12.8¢ 12.3¢ $212.1K 1.694M

Buyers (Bids)

No. Vol. Price($)
6 295680 12.5¢
 

Sellers (Offers)

Price($) Vol. No.
13.0¢ 2021999 6
View Market Depth
Last trade - 16.10pm 29/11/2024 (20 minute delay) ?
GLN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.