GLN 3.03% 17.0¢ galan lithium limited

Ann: Galan Completes Strongly Supported A$31.5 million Placement, page-70

  1. 1,828 Posts.
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    DJ to JP: We need to produce as quickly as we can - recycling will kick in by 2030! We should rather have a staged process, with smaller production in the beginning, compared to building tons of ponds for 2 years or so and getting into all kinds of capex and funding issues at the same time - probably also delaying the whole thing.
    JP: Yeah walking before we run - what I always say! Ok but DFS 1 is delayed and to stay on track we would need to purchase long lead items for the ponds very soon.
    DJ: Ok maybe let's check Hotcopper what our retail investor think?
    JP: Is that really cloud wisdom? Then we can also ask ChatGPT?
    DJ: Are you serious?
    JP: I was just joking.
    DJ: Ok I was also just joking with the Hotcopper comment. But why don't we do a CR right now - we can purchase this stuff right away. And who knows how the market will fare. Btw, how is Greenbushes going?
    JP: Yeah our maiden diamond drilling seems inconclusive - there is a chance the market won't like it. But I can highlight more in my talks that this was just the start and we can drill many more targets. We needed to start somewhere, right?
    DJ: You see, unclear future for the SP. We should really do the CR right now. SHs won't be happy, but the smart once will see the brilliant strategy.
    JP: I wonder what happens if I ask ChatPGT what ExQM is.
    DJ: haha funny, let's rather order more Galan merch, caps, jackets etc... even that Lowry guys shows our merch on this social media account. Maybe we can fund the remaining construction costs for stage 1 via our merch?
    and so on...

    Disclaimer: All just fictional!
 
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