Ann: Trading Halt, page-22

Respectfully, I've been in the game for 30+ years and on the end of an uncountable number of cap raises, so I can empathise.

Even in recent times, I built a sizeable position in a play back in 2019 when there were approximately 200m SOIs. The company in question has since blown out its cap structure to 2 billion plus shares. I've been diluted into oblivion. You shouldn't be experiencing anything like that here.

And hopefully, there is a rights component for existing shareholders to help mitigate some of the dilution. If not, existing SHs always have opps to buy on market at whatever level the SP reaches post-raise.

My thoughts have always been that if one is invested for the LT (with conviction) - these sort of raises should be viewed as inevitable at this end of the market & will be a footnote when the company is in production and spitting out cash flow. Without capital, dreams fade and die. Galan is ticking all the right boxes.

All the best to you. And I look forward to joining the register at some point in the near future.