GXY galaxy resources limited

all will be lost if going into administration, page-6

  1. 12,617 Posts.
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    hate to say this - and this is going by all the ***** raisings I've seen in companies in "distress"

    the SP is not going to go above the SPP price for ages - usually SP drops below the SPP - and most importantly of all:

    I believe the overall amount of money lost for LT SH will remain the same

    So - it's a cosmetic exercise that makes the loss per share look better (if you buy more) - but due to the ridiculous dilution would find it very hard to believe this to recover to any level I would find better than administration (despite the millions lost in cost due to the nature of admin).

    Just my opinion - you all decide for yourselves

    1:1 plus 2:3 oppies equals disaster - rather cut my loss and make the money elsewhere

    So much for that one - think we all are aware of the elephant in the room - and he usually wins - not the retail holder
 
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