GXY galaxy resources limited

There are other reasons for the weakness in the share price that...

  1. 1,559 Posts.
    There are other reasons for the weakness in the share price that I can think of. First of all the financing issue is unresolved, still. The longer it takes to come to a conclusion, the higher the pressure to do something quickly. They are not in a comfortable position for negotiations. Secondly with Mt. Cattlin put on care and maintencance one could argue that GXY could take a provision for a partial write-off of this asset.
 
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Currently unlisted public company.

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