Fair enough I'll give you that one - they have received an offer from Glencore to provide a binding proposal for offtake prepayment finance.
So we await the finer details of the finance package, and look forward to it.
In the meantime a big tick for the stage 1 offtake.
If the market wants to sit on the sidelines with this at $250m MC and a pretty clear pathway to production of 60ktpa with minimal (or even no further) dilution, then so be it. It'll come out in the wash with time.
This won't be staying out of the ASX300 for too much longer imo, and when it enters that territory is when we will start to see the big boys taking an interest.
Ann: Galan Secures Glencore Agreement For Offtake & Financing, page-196
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Last
16.3¢ |
Change
-0.008(4.41%) |
Mkt cap ! $78.20M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.0¢ | 16.0¢ | $257.3K | 1.561M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 887216 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 185589 | 18 |
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| GLN (ASX) Chart |