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14.0¢ galan lithium limited

General Discussion Banter GLN, page-1683

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pmd3nka

2,393 Posts.

13

03/03/19

15:20

Post #: 37635648
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Originally posted by gonnfishing: ↑

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

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Sorry, misread the 28/02 ann - assumed it was the same as the 26/02 ann saying 50K opts were exercised. The 28/02 says that new opts were issued. Apologise for post and replies to it using up the bandwidth.

pmd3nka

GLN Price at posting: 54.0¢ Sentiment: Buy Disclosure: Not Held
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Last 14.0¢		Change 0.000(0.00%)		Mkt cap ! $60.50M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	2000	15.0¢

Sellers (Offers)

Price($)	Vol.	No.
13.5¢	105882	4

View Market Depth

No.	Vol.	Price($)
1	50000	0.115
7	472031	0.110
11	947628	0.105
25	1490999	0.100
2	20000	0.099

Price($)	Vol.	No.
0.125	1573785	9
0.130	254710	7
0.135	293280	3
0.140	225541	3
0.145	344396	6

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