GXY 0.00% $5.28 galaxy resources limited

IMO, confirmation of US $280 million in the bank from escrow...

  1. 495 Posts.
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    IMO, confirmation of US $280 million in the bank from escrow account or completion of the well published deal (for the sale of northern tenement) do not actually warrant a trading halt.
    The impending announcement on Tuesday may include a special one off dividend or shares buy back scheme (using part of the proceed) and boards' intention / strategy for the development of SDV.
    Any distribution of "surplus" cash will send the shorters packing.
 
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