GXY 0.00% $5.28 galaxy resources limited

The problem is GXY 100 % owned SdV in Argentina worth more than...

  1. 495 Posts.
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    The problem is GXY 100 % owned SdV in Argentina worth more than $1 b. which GMM got zilch interest
    According to A Tse, it can be developed by partnering a"financial" entity and fund the development thru to production taking a 20 - 30 % stake in GXY.
    Where is the plan now???????
    Now they virtually give away half the asset or $500 m to GMM for nothing.
    GMM spent $7 m so far in Mt Cattlin and earned 14 %. equity ; GXY technically buy back the 14 % or $7 m for $200m, what a dud deal.
    Something is really fishy here and need ASIC investigation.
    GXY shareholders need to vote the merger not GMM holders.
 
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