GLN 5.56% 17.0¢ galan lithium limited

I originally thought the financing was secured, but upon...

  1. 1,075 Posts.
    lightbulb Created with Sketch. 641
    I originally thought the financing was secured, but upon rereading the announcement and then reading this I am now thinking the same as Mondy.
    https://www.theaustralian.com.au/business/*/worldclass-project-galan-lithium-catches-rocket-after-inking-offtake-funding-deal-with-glencore/news-story/560f5c335dbe953f31b559b43de2ffee

    Specifically this bit "we are very well poised to secure finance for Phase 1"
    https://hotcopper.com.au/data/attachments/5744/5744947-356a88cea807adaf27be2b8d9fe4a4ab.jpg
    If the financing was done, they wouldn't be well poised, they would be complete.

    Regardless, massive tick of approval and another step closer to production.


 
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