GXY 0.00% $5.28 galaxy resources limited

Ann: Prospectus Delay and Cancellation of Shareho, page-5

  1. 12,605 Posts.
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    re: Ann: Prospectus Delay and Cancellation of... kacy

    no disrespect :

    150% dilution , please explain that figure

    and as for my original comment:
    That stands - in the current environment you will NOT be "cashed up without substantial dilution"

    Even if some mad person came along and said: "I take the lot @ 23 c"

    Better - yes, in terms of dilution

    Underlying problems:

    I need to see a clear demonstrated path forward that explains in good detail how the current CR is going to get GXY back on a commercial footing without having to come back for more money (and keeps the banks of our backs)
 
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