GLN 3.85% 12.5¢ galan lithium limited

Ann: Suspension from Quotation, page-44

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  1. 8,708 Posts.
    lightbulb Created with Sketch. 3350
    You have to think a government permit doesn't require these sorts of delays - it's either been granted or it hasn't. It's not like the government rings people up and says we planning to issue the permit in the next 3-7 days.

    So to me, they seem to be buying time. For what, exactly, I don't know.
    The pessimist in me says maybe they are planning to take the entire ATM facility in one big hit.
    The stupid optimist says they are negotiating a deal with another partner.

    I'm sure they have some announcement regarding a permit they are sitting on and will release when this confected suspension is no longer needed, but something else is going on.
 
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