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Is there hope? Have a look bilulu's response to one of my posts...

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rvajna

8,768 Posts.

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30/08/19

21:35

Post #: 40254550
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Originally posted by NBORT: ↑

Exactly this. I found it hard to swallow that such a small debt could cause such big problems, but if GXY gave some lowball offer and my shares would be massively diluted, I'd rather watch everything burn. This was money I was willing to lose anyway.
I absolutely hate the feeling of being undercut and especially so when the cause of it was such a small debt.

And to all those who constantly claim that bald hill producing cost is higher that the sales prices, I have no idea where you guys are getting the numbers, but if you were looking at the previous quarter's results as a basis, then all of you made huge miscalculations. The gross loss and the write offs were mainly due to upward written assets during the fair value assessments made for the merger. Take them away and the business is still cashflow positive.

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Is there hope? Have a look bilulu's response to one of my posts on the GXY forum not too long ago and Thesi's post on the matter afterwards.

A40 Price at posting: 8.2¢ Sentiment: Hold Disclosure: Held
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