GXY 0.00% $5.28 galaxy resources limited

late drama, page-8

  1. 11,690 Posts.
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    Don't hold your breath. By my estimates the last appendix 3B puts DB at 7.6%. Which is about where it has been since March. The sub-holder notice does not appear not wrong, its simply unnecessary because there's no significant % change in DB's position. (They have chosen to fly under the radar, but must have slipped up presumably?) But it don't matter anyway because it will take some time for asic to approve the shortfall applications and there will be plenty of time for anyone to takeover GXY if they want. IMO, if the market cap drops substantially we can expect that to happen.
 
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