GXY 0.00% $5.28 galaxy resources limited

Interesting development today from FMG with the declaration of a...

  1. 6,195 Posts.
    lightbulb Created with Sketch. 1747
    Interesting development today from FMG with the declaration of a special dividend. That announcement has seen the share price rise 7.5%+ to over $8 per share.
    The reason I bring this up on the GXY forum is that it is a very clever way to beef up their share price...... seemingly right before a "scrip" takeover offer is made. It's a very astute capital management tactic and one that has to be applauded.
    Let's see who the target is................. my money is on either GXY or PLS.
 
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.