GLN 0.00% 14.0¢ galan lithium limited

General. You look like someone who doesn't mind a bit of deep...

  1. 13,065 Posts.
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    General. You look like someone who doesn't mind a bit of deep research, with clear un-emotive thinking. Have you EVER seen trading like what has happened in the last three days? Forget the circumstances surrounding those days, we have seen around 1,600 separate trades, some multiple, with over 12 million shares traded (sold)(around 11% of the IC, where the Top 20 hold around 60%) averaging around 7,000 per trade, just pouring incessantly on to the market and crashing the SP by up to 60% in just 3 trading days?

    I'm beginning to think that, despite what I was originally thinking, this is not ordinary ST punters panicking and jumping off the cliff like lemmings.
    I'm beginning to think that is a concerted, controlled, disposal of shares by several individuals or groups who are still making stacks of profit even at the reduced prices.

    With your research skills, I would consider digging very deeply into large capital raisings or payments, maybe around the time Dempsey acquired Blue Sky and/or when SIs who provided serious money to the new company when it started to expand into lithium, like the original holders or Seed investors in GLN whose shares were maybe held in escrow which has now expired and they want to cash in? Just guessing.
    But, I seriously do not believe that what we have seen in the last three days was a "normal, run of the mill" panic dump. Too, big, too fast, too consistent, . Why would, probably, around 1,500 individual sellers all dump, in such a short time, with so many "perceived" serious losses, just based on that drilling report???
    IMO, impossible!!! Leave it with you. But, an ASX ? if that is not the answer, maybe a note to the ASX or ASIC might be warranted, but, do some homework first, it might be quite legit.
 
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Last
14.0¢
Change
0.000(0.00%)
Mkt cap ! $60.50M
Open High Low Value Volume
14.0¢ 14.5¢ 13.5¢ $232.3K 1.669M

Buyers (Bids)

No. Vol. Price($)
23 2178553 13.5¢
 

Sellers (Offers)

Price($) Vol. No.
14.0¢ 746751 10
View Market Depth
Last trade - 16.10pm 22/11/2024 (20 minute delay) ?
GLN (ASX) Chart
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