I believe we're overlooking a crucial aspect in assessing...

I believe we're overlooking a crucial aspect in assessing whether the SSP represents a good investment, which pertains to the associated project/company risks.

While Galan's product shows immense promise, their financial situation is precarious to say the least.
The project entails significant financial risk, prompting investors to carefully weigh whether they're comfortable risking their capital to put more of their hard earned cash into acquiring additional shares.

The options available at 65 cents might appear attractive, especially if project financing proceeds smoothly without substantial dilution. However, how likely is that? The reality presents several concerns:

For one thing, the lack of updates on project financing raises doubts about its progress, potentially signaling underlying issues. The absence of communication from management speaks volumes on its own.

I am also thinking that the unusually lengthy five-year timeline for the options warrants explanation from management. What is the justification?

To me, the opportunity cost remains high, especially given the uncertainty surrounding our cash flow prospects and subsequent share price adjustments due to undisclosed conditions of the offset agreement. Are we even going to be able to make profit in Stage 1?

Considering alternative investment avenues (there are opportunities all over the ASX right now) and the substantial financial risk associated with this project, particularly with a management team prone to misallocation of funds, exemplified by the questionable allocation of $1.5 million into projects with potential conflicts of interest, there are evident integrity, confidence, and financial acumen deficits.

Is the potential return worth the inherent risks?

That's the question each investor must answer for themselves.

As for me, I've made my decision.