G1A 0.00% 5.9¢ galena mining limited

Ann: Galena Raises $20 million and Updates Production Guidance, page-22

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  1. 7,556 Posts.
    lightbulb Created with Sketch. 1776
    Post-raise this will be $122M at 15c. And if you believe the EBITDA assumptions, it's trading at roughly 2x EBITDA. I'm in for a punt on the basis that this may be cheap and this reaction may be an overreaction (lots of ifs and maybes).

    Could still get ugly but I think the upside is greater than the downside.
 
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