GXY 0.00% $5.28 galaxy resources limited

an open letter to iggy tan and the gxy board., page-32

  1. 30 Posts.
    I am leaning toward the offer at this point.
    I think that Iggy will probably have to go anyway.
    It seems to me that there is some hope that Deutsche Bank are the ones now calling the shots in terms of getting the financial state of the company in order
    They probably suggested this approach, not some Chinese bunch (I hope).
    I may be confused but I expect the SP to be at about .16 when the hold is lifted, indeed this is about what the shares are presently trading at on the pink slips in the US (GSX still trading in the states).
    If we don't do this, I see certain major loss in the end, whereas there is a chance that this approach could help if we can continue the ramp up to 100%.
    I notice also that sale of non core assets has not been ruled out, since Deutsche Bank is also responsible for that aspect as well according to the letter to shareholders.
 
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