I agree that an investment of this magnitude relative to GLN’s cash position needs clarifying.
Surely an investment of this nature would require full GLN board approval, and would take into account: a) the value of the investment itself to GLN, and b) the impact on GLN’s cash position, in the context of Galan’s longer-term funding strategy.
At the end of the day, JP and the Board know more about the details than we do, it’s their job. And from what I’ve seen so far regarding Galan’s cash management and tenement acquisitions, I’m sure they have their reasons for it.
I’d be gobsmacked if there’s no GLN announcement covering this investment in the coming days, although an announcement today would have been more appropriate IMO.
GLTAH
General Discussion Banter GLN, page-11057
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