GXY 0.00% $5.28 galaxy resources limited

Banter and General Comments, page-5065

  1. 75 Posts.
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    "Importantly the proceeds of the transaction will actually be applied for developing the Sal De Vida Project going forward."
    This means AT and his team are getting essentially free money from POSCO to develop the SDV. Even if GXY will go it alone, they are now less likely to need to do an equity raise in the near future to complete the project. Thus, it is now less likely to dilute the equity holding of current long term holders.

    DYOR
    Last edited by Rocinante: 02/04/19
 
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