GLN 0.00% 13.0¢ galan lithium limited

Ann: Trading Halt, page-83

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  1. 51 Posts.
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    I'm very surprised not to read in any of the previous posts that no one has canvassed the idea that JP should be doing a placement at a premium to our last close (S1.30). In my opinion this would be the logical outcome considering 1) we did a raise recently and we still have $10m in cash left, 2) We all have been marvelling how undervalued we are relative to some of our peers; 3) The lithium story is SUPER HOT at the moment and we should be using this huge FOMO amongst some of the instos and big industry players (viz BHP, with no Tier 1 lithium deposit I think) to be raising funds at a premium. If JP has organised this - then that would truely put a blow torch under our share price......
 
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