GXY 0.00% $5.28 galaxy resources limited

Hidden secrets

  1. 156 Posts.
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    Were the shareholders at the point of sale made aware of ...........read below copied from the financial notes.


    (d) Jiangsu sale deposit
    In May 2014 the Company received USD 12.2 million as a deposit on the sale of the Jiangsu plant in accordance with the conditions
    of the SPA. This amount is refundable and is show as a current liability in the statement of financial position. Interest is payable to​
    Tianqui on this amount at a current rate of 6% per annum.

    Unbelievable.... and there are shareholders who still have faith in the current board.
 
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Currently unlisted public company.

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