I was just looking at a recent register. The TOP20 are almost...

I was just looking at a recent register.

The TOP20 are almost EXACTLY the same as they were 3-4 months ago.
That's 59% of the company's largest holders, who haven't touched their shares!

As most of you know I have a running theory that GLN will soon have something VERY special happen to it.
I've been saying the FLOAT of GLN (shares that are publicly available to buy) is ONLY around 20-30M.

59% of 95M is 56M shares...Leaving 39M shares.

I talk to a lot of ppl. and I'm willing to say there's another 10-15M shares in sticky hands.
(just looking at the daily/weekly volume that last 3 months...one can see this themselves.)

So that WILL leave the 20-30M I'm estimating.
The PROOF that the 72M are holding til JORC and way past is that none of the top 59% have sold any meaningful amount the last 3-4 months.
Sure they could at any time but look...they haven't. Why would they?

So let's take 25M shares x 35 cents. That's only around $8-9M worth of stock left to buy.

That's IT! No more.
When does this happen in the stock market?

Look at the MC and DAILY volumes of GXY, ORE, PLS, AJM, AGY, AVZ (oh, never mind that one ;-) and the next 20 Li and or battery related companies on the ASX.

GLN is on the same Salar as FMC/GXY...what do you think happens on the first drilling results and JORC?
There are thousand of 708's...20,000+ retail investors...

Chasing less than 10M in stock!

I do this F/T and some of you know how long I've been doing this for.
You don't get gifts like this very often in the market...

-A company with a large land holding and amazing nearolgy.
-Insiders/Mgmt with 42% of the stock!
-Re-rate newsflow due in not 1-2 years but, 3-6+ months.
-Solid evidence (GEO results showing the same makeup) as it's JORC'd bordering neighbor.

-One of the largest metals companies in the world paying 280M USD ($390M AUD) for a piece of the SAME Salar.
-Fully financed and no need to raise funds til well past JORC (12 + months).
-A MD with a large incentive package based on a 1M+ JORC.
-Incredibly tight daily supply.

To top it off...
Only 21% of the holders are NSW/VIC based.
(this is code for NO Large FUNDS or 708's have found GLN yet.)
There's only $9M of stock for them to buy... IF my theory is correct.

Show me another stock with a better risk/reward ratio and capable of a 5-10+ bagger.
SHOW ME.

Simple supply and demand will look after GLN.
Investors (some big) will come running at some point. Once they have their fill...

There will be none left.

Just about every stock on the ASX has a large float. They can create a cure for cancer, sell a billion copies of software and be a big POT retailer...they all have a large % of their shares (the float) to sell into the market while the SP raises.

GLN is a gift you don't get very often in the market.
Hopefully one has a piece of it.


IMO
DYOR!!