A40 0.00% 8.2¢ alita resources limited

Ann: Administrators commence recapitalisation process, page-50

  1. 1,780 Posts.
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    One thingI believe is that if GXY fails in its bid to take full control of ALITA.GXY share price would hit turbulence like an airplane ... plunge 10000 ft. That’GXY shares maybe in
    .50 cps or there about.
    Why?As l mentioned previously ,GXY has only Mt Cattlin in production with short LOM...and nothing or negligible finding of Lithium in the ground so far.
    SDV and JB so far exploration/ development phase with no partners in sight and going to “burn” a lot of money...CAPEX,etc.So GXY cash on hand 175 million enough to last for how long with Li depressed pricing sentiment.aimo
 
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