Given the ‘probability’ of lit prices staying around the current level for the next few years, Galan being cautious on production is probably a good move.
If this is the final CR needed to get that production happening, then I’m all for it, despite my personal dilution losses.
But - I’d be much more confident if Chemphys was proven by BOD to be a sure & secure thing. Glencore debacle did not fill me with any confidence.
Ann: A$25m Capital Raise to Support Full Funding of HMW Phase 1, page-18
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