G1A 0.00% 5.9¢ galena mining limited

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  1. 3,230 Posts.
    lightbulb Created with Sketch. 1552
    I think we'll trade Thursday but I suppose it depends on complexity of the thing and the ASX

    Question is what exactly is this Major Financing initiative, various standard possibilities come to mind;

    1. Unrelated Cornerstone Investment into G1A
    2. Strategic Investment into G1A
    3. Strategic Investment into G1A + Offtake rights
    4. Pure Offtake
    5. Strategic Investment into Project/JV
    6. Combinations of the above
    7. Capital Raise from Institutions/Sophs/Market 
    8. Equity + Debt Financing
    9. Debt Financing


    7 is highly unlikely as brokers would have sent the term sheet worldwide by now and we would have seen it. 9 is unlikely as per my previous post. 8 is unlikely as per these comments. 4 is unlikely as the Halt wording doesn't correlate. That leaves some kind of cornerstone/strategic/JV

    Whatever it is I am quite happy the words Major and Financing were used. Tells me we have a giant in the making here
 
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