No way they would do raising for all the remaining capex. It's either halting the construction or selling partial assets to fund the capex, imo.
The thing puzzled me is, why do the management approach Ganfeng as they are GLN shareholder via Havelock. Ganfeng recently acquires 15% of an Argentina brine project for US$70m. GLN should consider to do a similar deal, then should be enough to fund the remaining capex, no dilution, that would be my ideal thoughts.
Re voting for 23c directors participation, JP & Terry definitely will get it as they took the 46c raise as promised. But RH might not.
ALL imo.
Ann: Notice of General Meeting & Letter to Shareholders, page-34
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