Any other party needs to pay $40million to GXY and then deal with GXY as the largest shareholder in proceedings. GXY will not make it easy for any party at all. I can see GXY securing the majority here or securing the whole thing for near on scrap prices. What is a pile of spod and a mine worth to the current owners if they couldn't get production costs anywhere near $500 a tonne?
They buy it and put it on C&M for a few more years? ROFLMAO
- Forums
- ASX - By Stock
- A40
- Ann: Administrators commence recapitalisation process
Ann: Administrators commence recapitalisation process, page-14
-
-
- There are more pages in this discussion • 234 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add A40 (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online