It is a positive announcement in regards to a negative we did not know existed.
GLN only has a large resource and no clear way of monetising it and the market (And myself) is finally working it all out.
The stage 1 DFS was average for the grade and the timeline until meaningful profit is too long. Why would the market be excited about what it is seeing here?
Why would anyone launch an T/O when the SP is only going one way?
Not dead in the water or anything but the reality of where this company is right here, right now is a little deflating. Any great news is just going to be sold in to now IMO so it is going to be a very, very long wait indeed..
Ann: Galan Acquires Catalina Title in Catamarca & Salta Provinces, page-53
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