GLN 4.00% 12.0¢ galan lithium limited

General Discussion Banter GLN, page-2210

  1. 4,054 Posts.
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    I don't know why I bother with you sometimes.

    Have a look at the relevant ann, the company has the right to obtain $5m from acuity and there are conditions about the vwap but it is at the election of GLN. IMO they should take $1m now and get to work once DH 2 is done and they sit back and analyse the whole thing and then they may need another $1m in a month or three at potentially a much higher sp.

    Sure some may suggest Accuity would be receiving "cheap shares" but this is what the market has said GLN is worth now as the market do not expect anything from DH2.

    I have been doing some reading about the suggestions about the Horst and Graben which I will post later for anyone with an open mind, which Gas doesn't seem to include you regrettably.
 
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