GLN 1.52% 16.8¢ galan lithium limited

Ann: Suspension from Quotation, page-37

  1. 506 Posts.
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    Some of you folk jump ship at the first sign of danger. Like a doomsday cult.

    It could very well be, as alluded to above by bsumisu, that the export license is going to be approved and that info conveyed to Galan , but both parties, govt and company lawyers, need to negotiate conditions that are mutually agreeable. It could be that simple.

    Look at it this way, Galan have a great resource, as far as I can tell the local community is fully behind the project and many employed there, most of the company managers and many directors are South American, the company also has cultivated a great relationship with the various levels of govt. I doubt that govt is going to thwart the objectives of Galan provided the paperwork is done right. They know if they want to dig their way out of 110% inflation and poverty, then companies like Galan are one way to
    do it. If Galan can’t get it up and running I don’t see any new producers getting up in Argentina.

    Of course, I am biased.
 
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