GXY
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0.00% $5.28 galaxy resources limited

Ann: Acquisition of Senior Secured Debt Facility, page-161

  1. userxyz
    3,198 Posts.
    lightbulb Created with Sketch. 882
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    28/08/19
    12:02
    Post #: 40193570
    They are.
    But an administrator would try to sell the mines for as much as possible, and repay Galaxy what they are entitled to. And then other creditors.
    owning the loan doesn't mean galaxy gets all the assets in case of a default.
    GXY Price at posting: $1.21 Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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