I agree with others here that management have f*ed this up at so many levels, but hindsight is always 20/20 and they’ve also been caught up in the lithium downturn and had their share of bad luck IMO.
The resource is the jewel though and regardless of managements pigheadedness to bring this to production this offer (has to be genuine IMO or we’ll likely see legal action) almost hits my buy average and I’d expect it to go for a minimum 100% more than this if other offers come in. Would be disappointing not to get at least £500mUSD but in current market perhaps that’s not achievable.
If the financing is close hopefully this pushes it over the line and we carry on, if not let the offers start coming, only upside from here I think.
GLN Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
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