re: Ann: Capital Raising and Project Funding ... I think the best thing about this announcement is that it removes the possibility of further cap raisings for the foreseeable future.
They have stated funding for the project will likely be obtained through selling some equity to an offtake partner.
In short this announcement means: IF YOU WANT SHARES YOU ARE GOING TO HAVE TO BUY THEM ON THE MARKET.
No holding out for underpriced offerings from State One.
Galaxy has previously been raising little bits and pieces which always left the question: when is the next one? No such issues now.
The only way is up.
Ann: Capital Raising and Project Funding Strategy, page-8
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