If they borrow US$60m it will probably be at something like a 20% interest rate. If there is a delay, eg environmental protest or unexpected weather, the company could end up in administration. It is not clear that a bank will lend to them even if they wanted it.
Galan is basically already out of cash and relying on this ATM instrument. It probably only has only about $10m of that left, and so is almost out of road.
Glencore has a long track record of screwing over clients, which was why there was so much negativity when they were signed up.
HMW is a great project, but is screaming out for owners with deep pockets. Some sort of take-over, friendly or otherwise, has to be coming soon.
- Forums
- ASX - By Stock
- GLN
- Ann: HMW Project Achieves 1,000t LCE Contained Inventory
Ann: HMW Project Achieves 1,000t LCE Contained Inventory, page-26
-
-
- There are more pages in this discussion • 49 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GLN (ASX) to my watchlist
|
|||||
Last
14.5¢ |
Change
-0.005(3.33%) |
Mkt cap ! $70.89M |
Open | High | Low | Value | Volume |
15.0¢ | 15.0¢ | 14.5¢ | $116.3K | 787.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
22 | 276065 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 309610 | 20 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
22 | 282628 | 0.145 |
23 | 644943 | 0.140 |
11 | 550549 | 0.135 |
11 | 521100 | 0.130 |
8 | 184050 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 312362 | 21 |
0.155 | 83420 | 4 |
0.160 | 239270 | 14 |
0.165 | 447500 | 8 |
0.170 | 114500 | 3 |
Last trade - 13.24pm 25/07/2024 (20 minute delay) ? |
Featured News
GLN (ASX) Chart |