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A40 alita resources limited

0.00%

8.2¢

Ann: Administrators commence recapitalisation process, page-33

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convoy63

1,901 Posts.

259

09/10/19

00:40

Post #: 40784093
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Originally posted by Zeeshan: ↑

"not the greatest deal of all time for GXY then is it? Pocket-change you say..."

How much wesfarmers paid for KDR again?

When you can see you are going to lose 40 million dollars as a share holder and get nothing out of it, might as well spend another 50 million and get the whole thing... GXY has plenty of cash they can buy A40 for peanuts, put a lock on it and wait for 3-4 years when the lithium market turns around.

yep we can all speculate here... time will tell how ends up with the wet dream

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That would mean GXY have 3 non producing assets and one barely producing asset... not a very good business model

A40 Price at posting: 8.2¢ Sentiment: None Disclosure: Not Held
6 Upvote

0 Great analysis

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Ann: Administrators commence recapitalisation process, page-33

Top Stories

HotCopper Highlights: Trigg; Droneshield; Lumos & more

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

Syrah jumps +19% as graphite tariff threat spurs optimism down under

A new NASDAQ listing for a key player in the global critical minerals space

History repeats for DroneShield investors but carnage so far subdued

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