Ann: A$25m Capital Raise to Support Full Funding of HMW Phase 1, page-73

I’m with you 100% on this one. Dilution for dilutions sake is never good, but Galan’s management have consistently invested 90% of all capital received into the project. I’m also very pleased with Chemphys participating and buying 40m + shares, I hope they push for a seat on the board. I can’t see why they would participate to that extent but then deny Galan the prepayment in coming months.

In my opinion Galan is now “unofficially” fully funded, and I’m hopeful of a more positive narrative in regards to pricing in the coming months, with the recent closures in China.

In short term, I see more volatility, with spot pricing and the SP, but over the next 12months, I believe that JP and team will succeed and take this all the way. Sure is looking likely.

Not advice. DYOR.