Ann: $19.5m Raising to Fund Ongoing Development of HMW Phase 1, page-73

I am truly lucky that i didnt buy at 52 support.
the word offtakes and funding nowadays have so many conditions that are not transparent to us.

I find most concerning from this statement when thrn mention alternative funding solutions. If glencore drag on for another 3 to 6 months, they can technically buy GLN at much cheaper price. Many instos got trap at 46c. Will be interesting to see when new shares available for trading tomorrow.
"
The equity raising enhances Galan’s balance sheet by providing additional working capital and financial flexibility during Hombre Muerto West (HMW) Phase 1 construction and provides sufficient working capital headroom whilst Galan finalizes negotiations of alternative funding solutions including debt and prepayment facilities that will enable completion of HMW Phase 1."