GLN 2.94% 16.5¢ galan lithium limited

General Discussion Banter GLN, page-15137

  1. 49 Posts.
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    I always got told there are no dumb questions so here goes.. If Galan announced positive funding news and phase 2 offtake news and the SP rocketed.. would it make the ATM facility less dilutive if they tapped it? As the (discounted?) share price would potentially be much higher?

    Please don't read into this too much. I'm not expecting anything or speculating too hard. Just a thought that crossed my mind today. I still feel even if Galan are promised full funding of stage 1+2 tomorrow that they would require some bridging funds before either new DD was complete or the funds were actually secured as both would surely take some time still? So figured the above may play out as a possibility if there's no holes in my theory haha.

    It's obviously only words but I liked what JP had to say today. There's clearly been questionable decisions lately but he's always seemed genuine to me. Gives me a least some confidence that this shouldn't be a COMPLETE eff up.
 
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