Some kinda big news yesterday for one of Galaxy's investments... Lepidico.
They announced a capital raising of 1.9c with 1 share for every 7 held plus a slight bonus via way of options for every 2 shares purchased)
The cost for Galaxy to exercise its rights and maintain our ~12% ownership of the company is just under $1 million AU
As of close yesterday the share price is 2c, so only 0.1c above the offer price, and once the new shares are issued the dilution may be accompanied with a drop in share price.
The title of this thread is "What holds you?"
From a Galaxy holder standpoint/perspective, considering that Lepidico is one of our investments, which we are currently up 100%
...I am wondering if it is worth Galaxy exercising our rights for a paltry $1 million when maybe the company might be better off just buying on the market post CR..
...or would the company (Galaxy) be better off making other plans?
What holds you?, page-55
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