GLN 3.03% 17.0¢ galan lithium limited

Ann: Galan Secures Glencore Agreement For Offtake & Financing, page-359

  1. 3,052 Posts.
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    I am sorry mate, you're wrong.
    I am not talking about things rhat are oustide of tgeir control.

    Investing millions into dodgy projects because the chairman says so has nothing to do with external circumstances.

    Starting construction without funding in place has nothing to do with external circumstances.

    Keeping a high speed of construction when the money is obviously not there has nothing to do with external circumstances.

    Signing a conditional funding agreement without a deadline to DD has nothing to do with external circumstances.

    Signing a binding offtake linked to a conditional funding agreement without an exit clause has nothing to do with external circumstances.

    Galan is on life support and it's their fault. They are paid to avoid this exact situation. As the CEO of a company, one of the top items on the list of stiff you need to do, is to make sure the company doesn't go belly up. Galan is SO close to that right now because of the bad decisions that were taken in difficult external circumstances.

    period.
 
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