@mondy
”Would you loan money to them”.
Interesting question.
They haven’t squandered the cash at hand by any means. Bang for buck I think they have been exceptional.
The real knock on them has been the dumb af Glencore deal, the Glencore non-deal, and the continued spending on stage 1-2 as the cash depleted.
Do I trust management to sign smart deals on behalf of the company? No. They’ve proven very poor at protecting the interests of shareholders.
So if Galan were supplied the money to finish stage 1, would you trust them to use it well for that purpose ? I think the runs are on the board on that matter, so the answer is yes. Given the money they will get the job done.
The question is why only $10m ?
We going to do one of these every 6 weeks ?
@mondy”Would you loan money to them”.Interesting question. They...
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