GXY 0.00% $5.28 galaxy resources limited

Ann: Notice - Sale of Unmarketable Parcels, page-11

  1. MrQ
    5,148 Posts.
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    It's a bit like if Billabong did a cleanup [note they didn't] when they were at the depths of despair at 11c. How would those small parcel shareholders that got their $500 cheque feel when the price hit 68c less than a year later and their holding was now worth over $3,000?? yet they were only able to bank the $500 cheque.....

    It's the SPEED of the drop here that distiorts the company decision. Plus the potential there with SdV and other assets being essentially valued at $0 in the 'sentiment' current share price.

    Scarily, one good company announcement would probably push half those small parcels into 4 figures.
 
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