"Galaxy could be readying to make a play for struggling Alita," - Let's Just Wait & See Shall We?, page-3

Maybe so

But they don’t appear that sharp to me

If they do make a move it will
Cost Their shareholders far far more imo than if they had just locked it up on the 16 th May when they were in the box seat , the only seat - holding cash

Instead hedge funds are now taking the action which was so obvious imo- take over the loan- extend some More funds, get on the board so you have direct information -

If they had done at least that - wait for offtaker to crumble and managment to Deliver nothing - tip it into receivership then emerge concerting debt/ fees and interest into equity at rock bottom when the business doesn’t have a choice and emerge as owner of basically all the business

Overpaid management with the ability to raid till and give themselves bonus gone


Flog the stockpile
At market

Care and
Maintenance

Drill the resource out

But no- didn’t see offtake accounts probably- instead cranked in cash unsecured and repaired balance sheet for a time- left secured creditor there and left management to drive it into rocks

Now hedge funds have the ability to pick it up cheaper and to gain control at what according to the media will be a cheaper price and result
In dilution

But good news for existing equity according to
Media reports it doesn’t appear they will be getting belted by a receivership