Creat's bailed from the loan to GXY and have not to date 'coughed-up' the money they promised for the share placement.....which by-the-way should now NOT go through at 88c as approved at the EGM....they no longer wish to fund GXY.
There is no way that real BANKERS would approve a loan or line-of-credit to GXY as they have no income and no security for a loan of that magnitude.
RZB have offered a 'bridging loan'(probably secured by the deceived sophisticated investors money of $65 M) as a sweetener, but all is going down-hill from here.
Bail,if you can,because the lies and deceit from GXY are going to BURN them,big time.
GXY have not even delivered a statement to shareholders as to why CREAT have not parted with any money.... the whole thing is a smoke-screen which is about to blow up in their face !!
Sorry to be the bearer of bad news,but GXY have played you for a sucker.
Sell your GXY shares and buy the Champion Lithium Thoroughbred called TALISON LITHIUM which is soon to be listed.
Good Luck
Creat's bailed from the loan to GXY and have not to date...
Add to My Watchlist
What is My Watchlist?