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$5.28 galaxy resources limited

Ann: 2019 Annual Report, page-28

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Metalduster

7,780 Posts.

384

22/04/20

15:00

Post #: 44191287
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Originally posted by asb83: ↑

What was the share price when many on here were advocating the company do a buyback? I believe it was a few multiples of the current share price? That would have been a disaster. The GXY piggy bank would be worse than what it is. The share price would arguably be lower than what it is now. Even with less shares outstanding, they would be even closer to a CR, which would ironically result in more shares being issued at a fraction of the share price the company did a buyback Too funny!

Needless to say that a special dividend would similarly have been a complete disaster.

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I was leaning more towards what they lost on A40 for a special divvi upto 10c whatever.

Get this through your f/n head.

There's nothing funny here.

Md

GXY Price at posting: 71.5¢ Sentiment: None Disclosure: Held
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