G1A 0.00% 5.9¢ galena mining limited

Ann: G1A Offtake Agreement with IXM, page-97

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  1. 253 Posts.
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    I think they're just pushing the company along at a good speed and not really worrying about SP.
    They don't really need to raise capital by issuing shares to the public anytime soon.
    This is what I'm interested in. I was a bit shocked when the SP sat still when the offtake deal was announced. As BK said, any institution should feel very confident in lending money to get the operation fully funded. The healthy status of the company, the quality of the partners, and the security in having a buyer to take all of Galena's offtake for the next decade of operation should make a strong case for potential creditors.

    Getting a good financial deal and then receiving Toho's final tranche of 60m seems like a given, so will that move the SP?

    I don't mean to sound impatient, I'm just keen for us to get paid. I'm not going anywhere.
 
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