Unlike some of my investments in similar companies, at least these guys are attempting to produce. Not just digging explorative holes and whining about the lithium price.
Yeah they may be going about getting to production in a less than optimal to shareholders way, but if they get there, it is better than a slow care & maintenance death spiral. Like POS for example. They have assets, they have tested ground, they have existing buildings. But they also have ‘fear to launch’ or have just gone so low there is no coming back from an undersubscribed CR at point three of a cent.
Galan really really need to fully confirm and detail finance & offtake agreements, complete construction of at least one phase, and sell some product.
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