GXY 0.00% $5.28 galaxy resources limited

ann out: adjournement of agm, page-19

  1. 5,687 Posts.
    GXY needs funds to strengthen their bargaining position otherwise they will have to fire sale the non core assets. Also I suspect the ramp up process is still burning lots of cash they seem to be continuously tweaking the plant, thus little of the money generated goes to paying off debt.
 
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