G1A 0.00% 5.9¢ galena mining limited

Ann: Galena Secures $90M Project Equity For Abra, page-94

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  1. 7,936 Posts.
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    Strange comments by some. This deal is dilutive as holders have lost 40%. Period. It looks palatable provided the deal completely alleviates G1A from an equity raise to cover their remainder capex share after the DFS. The project PFS delivered a solid IRR and NPV to capex multiple. So I think this shows managment had doubts raising the 100% capex figure as well as where a slightly lower lead price could put them. 
 
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