Galan Twitter, page-145

To be fair, any company that is in GLN's position right now would have, if asked to explain their cash position, simply said they are covered for this drilling campaign and have a facility available if needed.

The fact Clive dwelled on the question and finished with "we're assessing options" suggests they may want to do a raise.

Given we know they are funded for the campaign, the question would be why?

If there was a raise in any way, shape or form, I'd only expect it to be a positive. It means they are likely assessing something beyond this drilling campaign. Perhaps taking a crack out West or funds to speed the current campaign up? Perhaps an acquisition that's been thrown around a few times? Who knows. It'll either happen or it won't, but in my view, if it does happen, I'm only expecting it to be for unexpected good reasons.