Galan is also delighted to have secured an offer from Glencore...

Galan is also delighted to have secured an offer from Glencore to provide or facilitate a bindingproposal for the Facility to support funding of Phase 1, which is subject to certain conditionsprecedent being met including, amongst others, satisfactory due diligence to Glencore’s absolutediscretion and draw down under the Facility will only become effective when the MOA and alltransaction definitive documentation has been signed subject to Glencore’s satisfaction in itsabsolute discretion.

Reading the above paragraph there is nothing binding about this deal, I am surprised they even made this ann. Glencore signs these deals with plenty ASX hopefuls , nearly all end up in the doldrums, once the traders are done this will be back to 20c , hope people didn't buy in haste and repent at leisure