Glencores prepayment is max US$100m. Capex stage 1 is going to be US$118m (it’s always at least the max).
So they cover stage 1 capex or so minus US$20m, but thats also the first years stage 1 O/T income, so there is no new cash coming in until the second year of stage 1 production in 2026.
The opex for the second year of stage 1 production still has to be found, plus general costs for GB and Candelas.
Depending on prepayments for stage 1 in further years or stage 2, Galan is def going to need cash beyond this initial Glencore prepayment.
General Discussion Banter GLN, page-13878
Add GLN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
19.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $90.04M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.5¢ | 19.0¢ | $534.9K | 2.793M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 525942 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 77760 | 2 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
|
|||||
|
Last
19.0¢ |
Change
0.000 ( 1.20 %) |
||||
| Open | High | Low | Volume | ||
| 19.0¢ | 19.5¢ | 19.0¢ | 1073409 | ||
| Last updated 15.47pm 14/06/2024 ? | |||||
| GLN (ASX) Chart |