GXY 0.00% $5.28 galaxy resources limited

You obviously have no idea about the rights of Toyota. They are...

  1. 8,740 Posts.
    lightbulb Created with Sketch. 2622
    You obviously have no idea about the rights of Toyota.
    They are entitled to maintain their ownership in Orocobre at 15% to ensure they are not diluted. What this means is once the deal is complete, ALL shareholders will be diluted by Toyota maintaining their 15% ownership rights.
    This is a right they have, not you, me, or anyone else... but Galaxy management do receive some reward on completion of the deal so their holding isn't diluted.
 
watchlist Created with Sketch. Add GXY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.