Australia's largest stock trading and investment forum Australia's #1 stock forum

GXY

Click for more information

0.00%

$5.28 galaxy resources limited

Ann: Appointment of Receivers and Managers to Alita Resources Ltd, page-22

First 22 Last

Share
Profile

Follow
GXYMatt

97 Posts.

55

30/08/19

22:21

Post #: 40255035
Share

Originally posted by rvajna: ↑

Galaxy have lost a lot in A40. The $20 million they spent acquiring the initial 4.85% of TAW in 2017-18. Also Galaxy contributed $22.5 million in an institutional placement in A40 at 20 cents a share earlier this year. In total that is $42.5 million. Most likely they have lost the lot regardless of whether they bid in the fire sale or not. Rather than bid in the fire sale they may be able to put their money to better use elsewhere.

Expand

You Sir, clearly do not have the IQ, analytical skills or strategic decision making acumen, t

o understand just how smart the GXY management team is.....

Look up Peter Bacchus, Florencia .....

In fact, I suggest you go collect aluminium cans and you go about your business, ponder your own magnificence

......ends ......

GXY Price at posting: $1.16 Sentiment: Buy Disclosure: Held
12 Upvote

0 Great analysis

Reply

Top Stories

QGL

Quantum Graphite snags new exploration licence in SA ahead of maiden drilling

LML

Lincoln Minerals to kick off fieldwork at Yallunda uranium project in the nuclear state, SA

WML

Woomera kicks off 2-pronged drilling at Mongolia's Bronze Fox Cu-Au play

TNC

True North shares jump on positive activity report as Cloncurry aims for Q1 production deadline

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

There are more pages in this discussion • 96 more messages in this thread...

First 22 Last

Add GXY (ASX) to my watchlist

SPONSORED BY