GXY 0.00% $5.28 galaxy resources limited

Ann: Alita legal proceedings settled, page-12

  1. 13,079 Posts.
    lightbulb Created with Sketch. 2730
    Bought shares off book

    put in major funds to see it go into admin

    Appointed recovers after buying secured debt

    didn’t pay up

    Joined action
    Lost action

    Walk away paying their own costs

    Doesn’t look like they were successful in trying to get high grade ore for mt c - it’s been a very costly exercise and it doesn’t look like the new owners paid more than galaxy were prepared to offer when you consider rumoured offer price and all the costs of receivers - legal expenses - legal actions and executive time
 
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Currently unlisted public company.

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