GLN 7.14% 13.0¢ galan lithium limited

General Discussion Banter GLN, page-978

  1. 697 Posts.
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    Its ok mate, no one on this forum is super upramping or downramping, just excitement by a few. Youre view is just as welcome as anyone elses. The problem with these forums is there is not facial emotion so we cant read if people are being good or jerks.

    I said late Nov/ early December that drilling wouldnt commence till late Jan/ Early Feb. Was taken to town on that but it seems that will be the date ( or later). I based this on previous lithium companies in USA taking a month to 6 weeks longer than most people estimated. This was because:
    - Equipment needed to be repaired.
    - Crew needed a break over holidays
    - Heat of the desert
    - Drilling failed at other site so they had to start again.

    On the topic of share price I was WRONG ( yes i admit to my mistakes). Barkleys didnt pick up that many options as I thought they would. This is a positive for the share price. While you are right that sales of shares are small parcels and not significant to influence. But on the flip side big sell orders have been pulled and the important 30 cent barrier has been broken. If drlling hasnt commenced in 4 weeks expect a reversal of this.

    Future topic on this forum that would be good to cover are:
    - somebody posting the current top 20 share holders
    - Discussion about drilling contractors and if we are using reverse circulation or diamond cut drilling.
    - The stability issues faced with drilling the salars.
    - Typical core sample return times of other companies
    These are a few and feel free to ad youre own
    cheers
 
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