From Galan's 18th March 2024 ASX announcement:
Galan’s Managing Director, Juan Pablo (JP) Vargas de la Vega, stated:
“We wish to confirm that a recent ruling by the Court of Justice in the Province of Catamarca, Argentina
will have no impact on Galan's Phase 1 project and no expected impact on our Phase 2 development plans
at Hombre Muerto West. We are not located in the area under dispute and there is no river running close
by to Hombre Muerto West, that could be affected by similar rulings in the future. We are confident that
this is a localised issue which may potentially impact some other projects operating on the Hombre Muerto
Salar but has no impact on Galan.”
The Galan Board has authorised this release.
Were JP and the Galan Board displaying a greater level of confidence than was greater than actually warranted at the time?
Ann: Suspension from Quotation, page-48
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