GLN 9.09% 12.0¢ galan lithium limited

Ann: Change of Director's Interest Notice, page-11

  1. 5,187 Posts.
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    Don't think that's ever been in question for JP, in the last two raises he's put in $1.276M at an average cost of $0.378. On those two tranches he's currently -68%, or in the red to the tune of $871K. Despite Homsany bailing out of the last raise it's great seeing him go hard for $460K worth, as someone else noted it's at an immediate -48% haircut, and the amount he's just put in is 4.8x what he takes from Galan on an annual basis ($96K p/a). The disappointment remains Daniel Jimenez who currently pulls in $213K p/a, and thus far for what? He bailed on the last raise, famously complained that he didn't understand why investors were unhappy, and hasn't put much cash into this one, relative to what he takes home from the company. For all the praise JP lavishes on him for his market expertise, the one thing DJ was supposed to be good at - using his connections to get finance - thus far has been a big fat zero.
 
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