The placement price of 40c suggests that all is well imo and covers the next couple of months of development whilst the TOHO transaction is finalised (approvals etc)....in the meantime we have the updated PFS to look forward to, binding offtakes for Galena’s 60% share and possibly a left field bid from Sandfire most likely post DFS. My guess is Kingfisher knows more than retail holders which adds further weight to this possibility...
Galena is a cashed up sitting duck at these prices and likely won’t be the 60% owner come first production imo $$$
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