Sage words @Just_Westy!
I first bought back in around May, and have been on a quick and steep learning curve during that time about geology, volcanos, ignimbrites, hydrothermals, subterranean permeating, etc, etc, etc (and now horst-graben structures!)
Thanks largely to @mattilla 's excellent early research that he shared, I could see the potential which, back then at least, was largely overlooked.
Sadly, over the past few days, I was progressively knocked out, and then finally fully out on Wed.
I've learnt the lesson from previous experiences to protect profits and capital .
I have other things going on in my life, and have made the decision that now is the time for me to take a break from GLN... I plan to watch though, cause I think there is still great potential to be realised here, but we need to let time and the company continue to work away at it.
Good luck to everyone.
PS. On the subject of horst-graben structures, when researching I found this graphic. I've no idea if it's a good representation of what is happening here, but I do think it's a good graphic to show how the basement and layers could have moved deeper.
Again - I'm no geologist/hydrologist, so my analogy could be a poor one, but I lean towards thinking of this brine not as subterranean flowing water, but rather as an uneven bottomed trough, that's filled with a sponge that water has been dripping into for long period of time. It doesn't matter where the drip happens, over time the water permeates through out the sponge, and the heavier minerals, such as Li, gradually sink to the lower levels.... I'm expecting that H2 will realise a result, just no idea how deep that will be and whether, in the interest of continuing to scope out the tenement, it will be deemed the best option is to move on to a different spot.
So I suppose in other words, what I'm saying is, H2 does not make or break this company... it just continues to reveal another piece of the picture in the journey of understanding the potential of these tenements.
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ShareLast edited by VivaLaVida: Sorry - forgot to change disclosure - should now be "Not Held" 15/03/19
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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($) | Vol. | No. |
---|---|---|
14.0¢ | 746751 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
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 |
Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
GLN (ASX) Chart |