I spoke with James Allchurch earlier this week in regards to the selling in Mandrake stock. Galan Lithium were the only ones with a large parcel of 35million shares, but i wanted to wait for the ceasing to be a substantial holder notice before I posted here to .
Galan Lithium have some financial issues because of a major downturn in the Lithium sector.
Galan Lithium as I understand it have other investments on the chopping block to raise further funds.
This exit can be seen as a positive , a large overhang parcel of stock is now out, and as one member here put it, the 35m parcel of shares was well taken up as buyers saw a very cheap buy opportunity.
