Just my thoughts..Of course some will disagree
Now Galaxy has spent another $28 million on A40
If they do indeed take over A40
Cash will be down at least that amount.
If there is another offer it could cost another $20 million.
and others debts may get 50 cents in the dollar.
There have also their initial investment gone.
Cash appears to end up around $100 million this quarter.
With the extra cost of handling A40s mining operation.
That may see the begging bowl be handed around within 9 months.
I did think if GXY were tight with their money they could have enough cash
to last 18 months or more...outlasting quite a few...Now that is shot.
Sales Dropped to $587 this quarter and Spod price is still falling
Shows Contracts are worthless.
Simply put ...This looks a poor investment to me and has for some time.
- Forums
- ASX - By Stock
- GXY
- Ann: 2019 Half Year Results Presentation
Ann: 2019 Half Year Results Presentation, page-44
-
- There are more pages in this discussion • 163 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity
NEWS
Breakthrough programs slash healthcare events, driving a significant A$1.8M+ annual revenue boost