The big question is whether they carry on this insane pond building exercise when they are scraping the barrel with another small funding package. If they put out another stupid announcement bragging about building pond 3 etc, then run for the hills.
They should stop spending, tell Glencore to take a hike and go and find a strategic partner or a buyer. There is no point trying to pretend everything is OK. Because it is not OK.
Ann: Galan Secures $15m ATM Funding Facility, page-35
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