GXY 0.00% $5.28 galaxy resources limited

Galaxy Resources dilution or not?, page-2

  1. 565 Posts.
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    The dilution and what seems to be a change of tone from the companies line of no further cr concerns me as well.

    That being said, if it allows us to keep 100% of sdv maybe the company believes it is worth it with the currant pricing predictions of lithium. I guess markets change and the company needs to be flexible and consider new information and act in the best future interest of both the company and its shareholders.

    If the company isnt allowing the public to take part in the CR could it be due to reasons of cost saving?. Would it be alot cheaper to sell many shares to a handful of buyers rather than a small amount of shares to alot of buyers?. Say admin costs and such?.


    The company has previously acknowledged the issue of dilution and i hope that when this information all comes out they also have a plan to restore share holder faith and value. Perhaps setting aside a % of profit from sdv for share buy backs each year.


    I guess all will be revealed soon
 
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