GXY 0.00% $5.28 galaxy resources limited

We have a ship for December !, page-186

  1. 495 Posts.
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    I guessed this is showing how difficult it is to get funding for this type of venture, it is a risky business that normal banks won't touch with a barge pole. (All junior and upcoming lithium aspirants take note)
    Having said that, if the GXY management got the crystal ball, they would probably structure the options at a set discount of 10, 20 or 30 % to the prevailing SP and not set the options at $.34 .
    In this occasion, good luck to the financier (as MF didn't come good with his promise to provide the short term financial support).
 
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Currently unlisted public company.

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