GXY 0.00% $5.28 galaxy resources limited

Strange they decided to sell there assets iin Taz and Galaxy are...

  1. 123 Posts.
    Strange they decided to sell there assets iin Taz and Galaxy are close to cash flow positive, also have 3 subs and are now classed as a investment company. A year next month those two directors stepped down from CRHL. Have they planned this all along, I'm beginning to think so. CRHL flotation plant was sold in 2009/10 why do that when you are going to sell zinc and lead cloak and dagger lolololol

    CRHL Investing Policy



    Global demand for lower end resources is expected to remain sluggish due to the global economic environment and in combination with tighter environmental regulations, this has resulted in increased mining costs. Accordingly, the Directors consider that only resources or commodities with higher commercial value are likely to result in commercially viable investment opportunities. As such, the Directors' main investment criteria are as follows:

    · Companies or assets focused on commodities with high commercial value and / or other resources with special characteristics rather than traditional resources;

    · Investment opportunities where the Company does not only contribute financially but can also utilise its management experience and the substantial connections of its holding company, Creat Group;

    The Directors will consider investment opportunities in both high risk early stage assets and companies as well as lower risk investments in more mature assets and companies, seeking a higher expected rate of return where the risk is expected to be higher.

    The Directors will consider investments that will result in either minority or majority holdings in private or publically listed companies.

    These criteria are not intended to be exhaustive. However the Company may make an investment which does not fulfil all the investment criteria if the Directors believe that it is in the interests of Shareholders as a whole to proceed with such an investment. An investment constituting a reverse takeover under the AIM Rules will be conditional on the approval of Shareholders in a general meeting and will require the publication of an admission document.
 
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