GXY emergency offer for Alita?, page-221

PLS is getting smashed... Looks like the market now expecting that capital raising they should have done at 50c. Still overpriced, should get down to 30c. - Profitable to short.

I am thinking that my 1 GXY share per 30 A40 shares is becoming too generous. That would be pricing their shares at 4c a share at our current pricing, and news overnight from SQM makes me think they would go down to 2 or maybe 3 cents on market by now. They would be screwed. In some ways the lenders saved them from themselves. The share holders should be ecstatic

In the loan update from A40 it says this:

"The Company and the Lenders agreed on 20 August 2019 to extend the Standstill period until 7pm (AEST) on 23 August 2019 to allow additional time to progress discussions with various parties regarding the Facility refinancing options and recapitalisation proposals."

Perhaps if there is Galaxy involvement we night hear something Monday morning?

I wonder how today's trade will close? Perhaps with some grabbing some shares and taking a seat to see if there is a ride to be had?