GXY galaxy resources limited
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What ORE brings to the table, page-5

  1. butcherboy
    20,048 Posts.
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    20/04/21
    13:17
    Post #: 52591927
    Clivemax, I would check the quarterlies for the detail of the balance sheets of each party, but there is also a summary in the presentation...

    https://hotcopper.com.au/data/attachments/3107/3107052-010b26e258f0767544cb77409eb39fdb.jpg

    So the MergCo group will have a balance sheet of $487M USD, which is a substantial amount.

    Sorry I can't answer your questions directly. I would say that to progress all of the projects some cash will need to be raised and hopefully that can be done with a mechanism that minimises any possible dilution.

    Hats off to GXY for having no debt and hats off to ORE for keeping the shares on issue at 347.5M fully diluted. (I know GXY had billions of shares on issue before at least one consolidation in the past.)

    GXY Price at posting: $3.79 Sentiment: Buy Disclosure: Not Held
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    lightbulb Created with Sketch. 1  Great analysis
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