Rendog old mate, Hope you are well mate. I wouldn’t be selling...

Rendog old mate,

Hope you are well mate. I wouldn’t be selling those GLN shares yet my friend, I still see a dollar sign around them even with the extreme dilution.

The resource itself is worth multiple billions, and will eventually be sold for very good profit if you are happy to wait another 3-5 years.

I know you have been around the traps for as long as me so understand your frustrations, I’ve got soo many should have sold stories, and they piss me off and cost me many 100’s of thousands.

But that’s life in the sector we have invested in.

I still think GLN has a very good chance of returning some capital to investors to early investors, but the continued dilution remains the major concern, especially when they raise at this SP.

Dilution is a result of stubborn decisions over many years now.

For such an incredible resource, this really has been an extremely poorly managed company.

It’s such a pity as many of us have been here from the DMI days when we thought we may have discovered the next gold rush.

Great resource, very poor execution, especially when they had numerous opportunities do do so in the very up beat peaks in the commodity cycle.

GLN will come back in the next cycle but due to the continuous dilution that will result from the funding required, the share price will never recover to where it once sat.

Im sure many will have other views, but no matter how successful we are as a company over the next 2-5 years, bugger all returns will seen soon by many of the retail investors that have backed this company.

This is the reality of raising at the bottom of the market.

GLTA holders from one extremely disappointed one.☝️