GXY galaxy resources limited

email/write to asic

  1. 23,953 Posts.
    lightbulb Created with Sketch. 770
    Dear Aussie Shareholders of GXY,

    If you are concerned about the sale of the Chinese Plant (the jewel of GXY's crown) then please email/write to ASIC expressing concern that this ASX listed
    company with a predominantly Chinese Board have:

    (a) weakened the company by cutting an unfavourable L1 deal causing further
    financial stress in GXY at a time when GXY was morphing from a developer
    to a producer
    (b) That within a week of the Chinese buying Talison in WA, that GXY announced
    the closure of its Mt Catlin mine which had cost Aussie investors over $50
    million and cutting a Chinese supply deal ex-Talison to supply GXY
    spomunene. This rendered Mt Catlin virtually valueless.
    (c) Last week the predominantly Chinese Board of GXY sold GXY's Chinese
    Processing chemical plant to a Chinese company thereby depriving the
    company of an income in the foreseeable future.

    If you are concerned that the sale of this plant is not in the interests of Australian share holders then express your concern to:
    (a) ASIC
    (b) ASX
    (c) Mr Joe Hockey, Treasurer

    Cheers
    Moorookamick
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.