GXY 0.00% $5.28 galaxy resources limited

Ann: 31 December 2012 Annual Report , page-4

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  1. 10,831 Posts.
    lightbulb Created with Sketch. 2304
    No - the printer will probably never be paid.
    What a sick sick set of accounts.
    You would have to think they can't possibly survive.
    The bond holders could not possibly get their payment in November.
    They owe $168mil in interest bearing liabilities which is more than their plant is worth.
    The shares are essentially worthless unless you think they can realistically sell the Sal de Vida project.
    Sub 10c soon and then nothing.
 
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