GLN 3.85% 12.5¢ galan lithium limited

Ann: Trading Halt, page-44

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  1. 5,218 Posts.
    lightbulb Created with Sketch. 5271
    506.6M shares on issue, and 228.5M about to be added from this raise alone.

    Dilution of 45% in a single hit (never mind everything prior) unless you take part in a large rights issue at the lowest share price since early 2018.

    Utter disregard from management for their shareholders, just a pigheadedness to get into production at any cost to the capital structure of the company. Sadly I think actual EPS return will be a pittance given the small scale of phase 1 and the likely costs involved to ship from Catamarca to China.
 
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