A40 0.00% 8.2¢ alita resources limited

Chinese player swoops in on embattled WA lithium miner, page-33

  1. 4,125 Posts.
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    No. Just because A40 isn’t being liquidated (yet), doesn’t mean shareholders get anything back at all, that’s not how it works. Secondly, you ask why are the GXY holders talking so much and not the Alita holders? GXY, as a company, still have control of their destiny (cash, no debt, offtakes - you know, all that stuff that makes a mining business feasible). A40, as a company in VA, has precisely zero control. As A40 has zero control, what is there to talk about exactly? Oh that’s right, pitchforks, GXY is the devil, we wanna watch the world burn, all that good stuff.

    GXY holders are posting here due to interest in the business and investment decisions of the company in which we share ownership. A40 has been one of those decisions, like it or not.
 
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