GLN 0.00% 12.5¢ galan lithium limited

Its quite amusing, and the end of the day the price is the...

  1. 3,988 Posts.
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    Its quite amusing, and the end of the day the price is the price, all the Sat imagery, fancy GIS, thumping the table that "HM is different" count for nothing, all that matters is price. 

    Currently the air is out of the Lithium sector bubble, plain and simple and obivous across the sector.

    That may well turn around on a long term fundemetal basis, however currently that is not the case and that is what will continue to subdue the GLN share price. We'll be doing exceptionally well to have a MC of 150 mill post JORC IMO, that in the 80c-$1 range.

    The GXY situaltion is reflective of market sentiment, of course its undervalued, but on any realistic viewpoint, the market is not valuing SDV at more than 20% of the GXY market cap, plain and simple, if you believe anything else you need a reality check.

    Remember we're all talking about a positive outcome for GLN, its just a debate on what a post JORC value would be given current market conditions, there is also alot of work to be done by GLN yet to prove it all up, but they made a major step forward this week.





 
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