Ann: At The Market Raise, page-134

I think Mondy has hit the nail on the head with the vertical integration point as to why so many got it wrong. Regardless, it's played out (in terms of SP damage). Galan has paid its price.

Ironically, there isn't much need to rush now if construction is more or less fully halted. As much as we all have wanted the management to get funding finalised, if the cash burn has stopped, we can afford to wait for permits to come through in full, and for the invariable bounce in price - whenever that comes. In other words, we've already paid the price to get to this position, better to now look forward and take time to broker a good deal going forward - whether that depends on waiting for the sector to heat up again to get better deals or M&A to start.