GXY 0.00% $5.28 galaxy resources limited

Own goal?, page-2

  1. 750 Posts.
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    I'm not sure if we will in absolute terms. But the way I'm looking at it is that the $20m of shares purchased bought us a seat at the table (and blocking stake) to deter anyone else trying to do the same. It was very much a strategic move.

    So when the Tribeca debt was about to be called in, we had a seat at the table. We bought the debt (at attractive rates) and this debt is recoverable.

    So I'm kind of looking at the $20m as a down payment on the juicy assets that we hopefully get at bargain basement prices. Just my opinion, right or wrong.
    Last edited by fnbig1: 30/08/19
 
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