Anyone remember this one -
https://hotcopper.com.au/threads/ann-agm-letter-to-gln-shareholders.6513254/
Galan had the chance to issue 150m shares at around $2. With hindsight it would have been a totally brilliant move, raising near $300m !
And back then there were many of the usual HC “experts” decrying ”it as not the way to do it”, “excessive dilution” blah blah. We wouldn’t be in this situation now if they had of done it.
I hope JP and co didn’t listen to the HC knockers, but somehow I feel they react to the vibe somewhat.
Whats the message here ? Everyone is wise after the fact, and most knockers on here couldn’t and probably haven’t even buillt a snowman, let alone a lithium mine in Argentina.
Ann: Galan Secures Glencore Agreement For Offtake & Financing, page-356
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