GXY 0.00% $5.28 galaxy resources limited

Ann: Non-Cash Impairment, page-64

  1. 13,061 Posts.
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    From memory it has a 50 m line of credit with bnp which has full
    Security over the business -

    it’s undrawn and the impairment probably doesn’t affect it ongoing nature because of things like cash on hand

    It costs a bit to have it on standby from the accounts if memory serves me
    Correctly

    I thought they would have cancelled it once the posco money came in - but from the announcement it appears they haven’t yet
 
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