Board's View: Galan's board deemed this proposal to be "opportunistic" and "undervalued." They believe that the company's flagship Hombre Muerto West project promises a superior outcome for shareholders in the long term. This isn't the first time Galan's Argentinian assets have attracted interest. In August 2024, Galan also rejected a US$150 million bid from EnergyX. Galan has rejected the offers to focus on its own development plans for the Hombre Muerto West project, including finalizing offtake and financing deals for its phase one development.
GLN Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held
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