Galan’s Share Price Loses Over 11% after Final Drilling Results

Stock Market
- - Stock Market
    Dig deeper than the mainstream headlines to see where the stock market is really at — and where the true stock opportunities lie. Discover the latest insights on global and Australian share markets right here...so that you can buy, sell and trade shares, with minimal loss and for maximum profits.
- - Marijuana Stocks ASX
    The global cannabis industry is experiencing phenomenal growth, and ASX-listed cannabis stocks give Aussie investors a chance to cash in on the marijuana boom. Learn all about these companies in this section.
  - Australian Share Market
    More than just Australian stock market news...learn which ASX shares are worth paying attention to and which you should avoid.
  - Stocks and Bonds
    Leverage the expertise of our financial analysts, to invest in everything from blue chips and small caps, to dividends, tech stocks, mining shares, bonds and more... to help grow your wisdom and your wealth.
  - Blue-Chip Shares
    Blue chips might be the biggest shares on the stock market – but are they the best way to get rich? Find out which blue chip stocks are worth getting into and holding onto, here...
  - Small-Cap Stocks
    The riskiest shares on the stock market are often the most rewarding. Small cap stocks are where the real big gains can be made. But can you stomach the risk for the rich rewards? Find out here...
  - Dividends
    Dividend shares can grow your wealth in both an up and down market. But not all dividend stocks are the same. Learn about the kind of dividends that can bring you a stream of income, for years to come.
  - How to Buy and Sell Shares
    If you’re new to investing in the stock market, this definitive guide will show you the ropes so that you can begin buying and selling shares with confidence.
- Free report: Four standout Aussie stocks to stick in your portfolio ASAP
Investments
- - Investments
    Our financial analysts bring you investment ideas that can help keep you ahead of the game and assist you in making profitable investment decisions now…and in the years to come. Discover investment opportunities that the mainstream advisors and the majority of investors either overlook or just simply don’t know about…until it’s too late to act.
- - How to Invest
    How to invest…where to invest…when to invest…how much to invest…and what to invest in? Arm yourself with the knowledge and knowhow that will help you become a better, smarter, investor.
  - Investment Strategy
    Learn about important investment strategies that few others know about. Investing insights that could introduce you to some of the most profitable investment opportunities in Australia...and around the world.
  - Superannuation & Retirement Wealth
    Find out why your compulsory super fund should be the last destination for your retirement wealth, and discover some of the best ways to build your own private nest egg outside of the system.
  - Technology and Innovation
    Learn how advances in technology translate into investment opportunities, and which technology stocks and investments we think have potential to make money.
  - Best Investment Opportunities 2020
    Our investment editors have identified unique investment opportunities that are flying under the radar of mainstream financial analysts. They are investment ideas that could make you rich, protect your wealth — or both. Click here for more.
- Discover ‘The Explosive Potential of Australian Penny Stocks’. Click here to learn more.
Commodities
- - Commodities
    Volatility will keep presenting investment opportunities in the mining and resources sector. But how do you know where to look? Our market analysts investigate global and Australian resource opportunities that could drive the next bull market in commodities. But most importantly, they’ll try and let you in on these insights before they become the next ‘missed opportunity’ of the investment mainstream.
- - Resource and Mining Stocks
    There are still profitable mining stocks and resource shares out there — you just have to know how, and where, to find them. We can help you do this right here...
  - Oil and Gas
    Arguably two of the most important commodities to monitor — nothing quite sends world market into a flurry like the oil and gas price. To see which oil and gas stocks are worth watching, and potentially investing in, go here...
  - Iron Ore
    It’s been one of Australia’s biggest exports and one of the biggest money-makers for the Aussie economy. But can iron ore stocks still make money for you...or is the dream run about to end? Find out here...
  - Precious Metals
    Rare in demand and in short supply; gold, silver, palladium and platinum are considered the world’s most precious metals. But is the price and conditions right to invest in one – or all of these wealth preservers? Go here to find out...
  - Energy
    Something the world will always need and consume is energy. So investing in energy stocks is a worthwhile addition to your portfolio. Go here to learn which energy sectors to watch, and those you may wish to put money into.
- DOWNLOAD YOUR FREE REPORT NOW:
  The Top 10 Australian Mining Stocks for this Year and Beyond
Gold and Silver
- - Gold and Silver
    One of the best ways you can preserve your wealth is by investing in gold and silver bullion. Likewise, one of the best ways you can skyrocket your portfolio is to invest in silver and gold stocks. But the price of gold and silver are both prone to market swings, so having expert insight into these markets is invaluable. You’ll find such insights right here.
- - Gold
    Learn more about the gold market, and discover the best ways to invest in gold. Including: how to buy gold bullion, what the latest gold price moves mean and buying gold stocks. Go here for more.
  - Silver
    Gold’s poorer cousin – or is it? Whilst the silver market is highly volatile, this means you can also buy silver at a bargain when the silver price dips. For more on investing in silver and silver stocks, go here…
  - How to Buy Gold and Silver
    Looking to invest in these precious metals, but don’t know where to start? This guide to buying gold and silver will show you what you need to do, what to look out for, and when could be the best time to buy for profit.
Property Market
- - Property Market
    Property bubbles have helped cause many of the major financial crises happening in the world right now. Uncover a real world view of the current property market and discover some of the best ways you can secure your wealth, in a rising or falling real estate market.
- - Australian Housing
    The Aussie house price boom could well be at an end, and the housing bubble about to pop. Learn the truth about the Australian housing market right here — and what you can do to protect your wealth from falling Australian house prices.
  - Global Real Estate
    Uncover invaluable insights on global real estate markets around the world — including everything from struggling housing markets...to off-the-radar residential and commercial investment opportunities that you won’t have heard about. Go here for more...
  - Property Investments
    Property investments don’t have to cost you your life savings — nor should they commit you to a lifetime of debt. Learn how you could beat regular property market returns, by investing a fraction of the usual outlay, here...
  - Housing Bubble
Financial System
- - Financial System
    Make no mistake, the financial system is unravelling. Much of it is out of your control, but there is hope. We don’t claim to have all the answers, but we can let you know which factors affect your wealth the most. Plus, provide you with informed suggestions as to which investments could best shelter and grow your wealth in these turbulent times.
- - Currency Market
    Currency markets affect everything, so it pays to follow currency moves carefully. Learn how a rise or fall in the Aussie dollar can affect your portfolio. Plus, discover the financial markets to take advantage of when major currencies like the US dollar, Euro, Yuan and Yen shift in value.
  - Debt and Credit
    Debt bubbles and credit crunches have decimated wealth, destroyed jobs and ruined families. And the current debt crisis is escalating at an alarming pace. So how can you protect and grow your wealth in a financial crisis? More on that here...
  - Inflation and Deflation
    Should you prepare your wealth for inflation, deflation, or some measure of both? Here you’ll find some interesting perspectives on the steps you should take to keep your portfolio afloat.
  - Banks and Interest Rates
    Learn how to defend your financial assets against the wealth destroying monetary policies of the RBA, the US Federal Reserve and the rest of the world’s central banks...and discover the best ways to make money in a high or low, interest rate environment.
- Free Report: ‘Why Your Bank Dividends Could Be Under Threat’
  Click for more
Economy
- - Economy
    No spoon-fed economic news for the masses here. What you’ll find is an enlightening perspective on the Australian and global economy, that can provide useful insights for your investment decisions.
- - Australian Economy
    Enjoy a contrarian outlook on the Australian economy — and how movements beyond our borders could affect your stocks, retirement fund or the value of your home. Go here for more.
  - China Economy
    China’s economy has been a powerhouse in recent years. But times are a changing and China, for better or worse, is a subject of heated debate. Are there investment opportunities to be still had from China, and how will they affect your wealth at home? Find out here.
  - US Economy
    The US economy is drowning under the weight of its public and private debt. But is it too soon to call the end of this financial, military and political empire? Only time will tell. Either way, you need to make sure your investments are on the right side of the trade.
  - Eurozone Economy
    The Eurozone is in a huge mess right now. Can it hold it together or will, one-by-one, member states leave the Euro and go at it on their own? More importantly, what consequences will this have for Australia and your investments? More on that here.
  - Global Economy
    Don’t just follow the news on the global economy — get an inside peek into what’s happening in developed and emerging economies around the world – and what it could mean for your investments. Go here for more.
  - Emerging Markets
    Today's emerging markets could be the powerhouse economies of tomorrow. Go here to find out which ones are most likely to influence the world markets in the near and long term, and discover the best ways to profit from their meteoric rise.
  - REVEALED: The Four Best ASX Stocks
    Click here to download your free report now.
Cryptocurrency

Today, Galan Lithium Ltd [ASX:GLN] confirmed high grade lithium brine at its Candelas lithium brine project, in Catamarca province, Argentina.

At time of writing, Galan’s share price is trading at 26 cents, down 11.86%.

Galan has now received its final assays from its third drillhole (C-03-19), delivering high grades paired with low impurities, as well as brine returns at 143 metres.

Drillhole three is approximately 2.5kms south of Galan’s maiden drillhole.

Related: Don’t buy a single lithium stock until you’ve read this report. Read more about it here for free.

Galan’s final drilling results

Following sampling conducted at the fourth drillhole, drilling will focus on resource definition in the northern Candelas channel area. Meaning the rig will be moved north, this movement could have something to do with why we are we are seeing a loss of confidence in the share price.

The absence of bad news in an announcement doesn’t automatically mean there will be an increase to the share price.

Field results for the fourth drillhole point to 117 metres of moderately conductive brine horizon.

Elsewhere, Galan has been given the green light for ongoing drilling focused on resource definition outside the initial five sites approved, and in the northern area.

Galan’s 2019 share price outlook

In 2019, Galan Lithium Ltd seems to be focused on its growth development, with results confirming potential for a significant volume of high quality and low impurity lithium supporting brine.

Moving further into 2019, the Lithium exploration company remains on track to ‘define a resource in Q3 this year’.

Galan will have to continue its growth strategy and see further positive brine results in order to see a rise in share price. But it seems the lithium explorer has lost a bit of momentum.

So far, investors might not be seeing enough upside potential.

More to come.

Regards,

Ryan Clarkson-Ledward,
For Money Morning

PS: Are you interested in lithium stocks, but don’t know where to start? Our free investor’s report can help. Don’t buy a single lithium stock until you’ve read it. Download our free guide to learn more.

Tags: ASX:GLN

Money Morning Editorial

Money Morning is Australia’s most outspoken financial news service. Your Money Morning editorial team are not afraid to tell it like it is. From calling out politicians to taking on the housing industry, our aim is to cut through the hype and BS to help you make sense of the stories that make a difference to your wealth. Whether you agree with us or not, you’ll find our common-sense, thought provoking arguments well worth a read. Money Morning Australia is published by Port Phillip Publishing, an independent financial publisher based in Melbourne, Australia. As an Australian financial services license holder we are subject to the regulations and laws of Corporations Act and Financial Services Act.

Leave a Reply Cancel reply

Money Morning Australia