Food for thought. Is it possible that this has been one big scam by our large Chinese share holders to take ownership of Galaxy away from Australia? The share price has been manipulated down to 20c odd and now with this 1 for 1 at 8c proposal and ultimatums by management that we have to but more money in or else a lot of holders will bail out at this stupid low price. The chinese will step in mopping up the last of the shares for peanuts. Net result in 12 months time,the Chinese will own a world class facility & mine resource in Australia & a world class production plant in China all for cents in the dollar at the expense of us here in Australia.
GXY Price at posting:
7.8¢ Sentiment: Hold Disclosure: Held
