GXY
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0.00% $5.28 galaxy resources limited

Ann: $1.5 million of Bonds Converted During Conve, page-2

  1. Reiner001
    12,605 Posts.
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    25/11/13
    18:19
    Post #: 12616220
    re: Ann: $1.5 million of Bonds Converted Duri... might explain the sell down

    surprised even 1.5 mill got converted into shares

    at current levels (o.08) quite a chunk of dilution plus the ongoing loan and coupon rate - now 10%

    can't see how GXY is getting this back on the straight and narrow
    GXY Price at posting: 4.4¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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