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20.5¢ galan lithium limited

I don't believe there will be a CR. Happy to be proven...

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WM03

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13/12/23

16:04

Post #: 71430079
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Originally posted by mondyinvest: ↑

No, that's confused me even more, RE. I had a quick look at the Galan's Security Trading Policy (here: https://galanlithium.com.au/wp-content/uploads/2023/02/GLN-Security-Trading-Policy.pdf) and that confirms that they can't currently be in possession of price sensitive information. But the policy itself is fairly light on, they could theoretically still organise and announce a capital raise on Thursday or Friday and they wouldn't be in breach of the policy. The fact that they traded yesterday and had the notices out by 9:30am today (the policy gives them 3 business days) tells me they wanted to send a message of support to shareholders pronto. I do wonder if a T20 holder has decided to sell down for whatever reason and that's caused the flush - and this is management's response. Anyway, I find the whole thing as confusing as the next person, especially given Terry's comments in that recent interview where he flagged the whole 'interim funding' bit. Very bizarre!

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I don't believe there will be a CR.

Happy to be proven wrong on this one, IMO, "interim funding" required before receiving pre-payment will not be in the form of a CR, JP has spoken extensively on using non-dilutive measures. Small debt facility far more likely.

All IMO.

GLN Price at posting: 48.0¢ Sentiment: Buy Disclosure: Held
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