This is what happens when you have a board with only one...

This is what happens when you have a board with only one executive director on it who has zero experience developing major projects, and who presumably is calling all the shots. The Chairman, who should be fronting up the company in the market, and keeping it on a solid path, is instead more interested in cutting side deals for himself.

For a long time people have been complaining that the messaging to the market has been really poor. It is a one-man show with bumbling presentations. It is certainly not palatable to institutional investors, who are the group essential to get major value and support into the stock. The optics on this company have been terrible for a while. They have gambled company money on speculative stocks and they gambled, totally unnecessarily, with the cash balance.

Galan now has a massive problem with its credibility, and that will not be easy to shake off.