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
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