GXY 6.40% $3.51 galaxy resources limited

Ann: POSCO Final Settlement Funds Received, page-37

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  1. 500 Posts.
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    Clivemax,

    Just shows how superficial some of these spruikers can be.
    No 1 on the list of "What will Galaxy do with their new large cash hoard of ~US$250 million? should be Pay Tax. $84.5 mil according to the presentation. That sure puts a hole in the $250mil. GXY has known about the Posco payment for a while so I can only assume that their "exploring" to reduce tax has not been fruitfull to date.

    P
 
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