GLN 0.00% 14.0¢ galan lithium limited

Galan Lithium - Cash and Funding -Fully Funded!, page-22

  1. 1,845 Posts.
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    thanks vmp, yeah hard to know, I know companies tend to CR for drilling programs but if hole 2 results blow this out the park, i think CR prob not the best idea, it may kill momentum, just let the insiders and management exercise oppies, they can raise 3 mill + just on the back of the unlisted oppies and if SP stays stable around where we are now or above they can rinse and repeat and accumulate 4:1 on their shares and take debt funding as needed.
    I believe if hole to is exceptional then we can manage without a CR, get to maiden JORC and see what comes to the table.

    if 5 holes cost us circa 1.5 mill then, another 25 will cost 7.5 mill we can get by without CR i think!

    I lack experience but just my gut!
    Last edited by selfmaderiches: 09/03/19
 
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