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.
I’m with you 100% on this one. Dilution for dilutions sake is...
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Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $116.6M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.5¢ | 15.5¢ | $666.3K | 4.231M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 644360 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 104536 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| GLN (ASX) Chart |