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$5.28 galaxy resources limited

Ann: 2019 Half Year Results Presentation, page-48

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Zeeshan

7,653 Posts.

618

30/08/19

08:35

Post #: 40233575
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Originally posted by colinchi: ↑

Just my thoughts..Of course some will disagree

Now Galaxy has spent another $28 million on A40
If they do indeed take over A40
Cash will be down at least that amount.
If there is another offer it could cost another $20 million.
and others debts may get 50 cents in the dollar.
There have also their initial investment gone.
Cash appears to end up around $100 million this quarter.
With the extra cost of handling A40s mining operation.
That may see the begging bowl be handed around within 9 months.

I did think if GXY were tight with their money they could have enough cash
to last 18 months or more...outlasting quite a few...Now that is shot.

Sales Dropped to $587 this quarter and Spod price is still falling
Shows Contracts are worthless.

Simply put ...This looks a poor investment to me and has for some time.

Expand

How many times do people have to tell you here that 28 million dollars for A40 is not coming out of the cash from the bank.

It is the GXY's loan facility!!!

Stop with your lies Colin.

GXY Price at posting: $1.18 Sentiment: Hold Disclosure: Held
12 Upvote

0 Great analysis

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