GXY 0.00% $5.28 galaxy resources limited

Sorry can someone help me to understand. Hostile takeover...

  1. 200 Posts.
    lightbulb Created with Sketch. 23
    Sorry can someone help me to understand.
    Hostile takeover requires greater than 50%??
    at current MC that is $350m...
    there is $400m on the balance sheet in cash and has an asset producing positive cashflow..
    is this a no brainer??
 
watchlist Created with Sketch. Add GXY (ASX) to my watchlist

Currently unlisted public company.

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