GXY
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0.00% $5.28 galaxy resources limited

Ann: Appointment of Receivers and Managers to Alita Resources Ltd, page-23

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  1. Sjlasx
    3,490 Posts.
    lightbulb Created with Sketch. 3067
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    30/08/19
    22:22
    Post #: 40255053
    Galaxy invested in A40 for long term exposure to the resource at what it believes was a reasonable price.
    If GXY loses the value of its original investment while gaining greater control of the resource through its acquisition of the secured debt than it is still a positive end result.
    Taking over the debt was the best option available of protecting GXYs exposure to the asset.
    AIMHO
    GXY Price at posting: $1.16 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 20  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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