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21.5¢ galan lithium limited

If possible, please show your calculation on how much more funds...

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Lorry2022

132 Posts.

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17/05/24

00:22

Post #: 73868140
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Originally posted by ggghhh: ↑

mmmm I would say no. Before I forget adding the 2.2 millions of Acuity, so we will need 35-37.5M to finish Stage 1. Stage 1 is supposed to finish in Dec or Q1 2025. IF that is the amount we still require and we'll have soon 23-27M (let see oversubscriptions) at a cash burning of 9.3 Million/month (65 Millions total needed / 7 months until finish stage 1 in January) with 25Millions we have 2.3months running... so, worst scenary, another CR at 20-25 August. From that date to January so so, we have to spend 35-37.5 millions more to finsh stage 1. We can in these months (if jp's balls want and if god give us a break) found that tiny 35 millions left in some other way and not with CR. Remember stage 1 FCF is 35-37 Millions...... 5 years pay check for 40Millions (with interests) is 8Millions/year and a real FCF of 27M/year for stage 1.... We are just there and then... Mining life of +40 years with 500,000.000 soi maximum. That is... 1/5 of LTR? so to get 3.5b MC GLN with our soi will be x30 times from current lvl to get the current mc of ltr. That's why we all are here

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If possible, please show your calculation on how much more funds to be raised based on phase 1 capex of USD103.6 without contingency and construction commencement on 21 August.

GLN Price at posting: 29.0¢ Sentiment: Hold Disclosure: Held
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Last 21.5¢		Change 0.000(0.00%)		Mkt cap ! $101.6M

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21.5¢	22.0¢	21.5¢	$61.67K	286.4K

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No.	Vol.	Price($)
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No.	Vol.	Price($)
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24	688403	0.210
19	795522	0.205
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6	566083	0.195

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