GXY 0.00% $5.28 galaxy resources limited

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  1. 8,033 Posts.
    lightbulb Created with Sketch. 566
    Not quite 600% Shady

    I thought cash would be around $100 million
    That was allowing for the A40 loan buyout
    I thought management would have used existing cash.
    That wasn't to be...In their astute wisdom
    They decided to borrow $32 million.
    So net cash position ended up at $137 million last quarter.

    I don't think any holders would even question the reason for borrowing.
    If I had $100 million in the bank earning little interest.
    I would not be taking out a short term loan...paying higher interest plus fees.
    but these guys are good.

    Cheers
 
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