Yeah I think you are pretty correct in that statement.
CR for working capital is imminent. Which has also caused the heavy sell off and profit taking into this great news. Once the CR is out the way and the dust settles we may sit at a higher market cap than now. Not a heap more but the reality of the off take and stage 1 finance will settle in and the savvy investor will come.
100% expect Glencore to take part in the CR whether it is divulged or not. Why not partially own the business you are buying from? It makes perfect sense.
Ann: Galan Secures Glencore Agreement For Offtake & Financing, page-190
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Last
16.8¢ |
Change
-0.003(1.47%) |
Mkt cap ! $79.38M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 16.5¢ | $72.70K | 428.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 604140 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 226887 | 11 |
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| Last trade - 11.06am 27/06/2024 (20 minute delay) ? |
| GLN (ASX) Chart |