GXY 6.40% $3.51 galaxy resources limited

Ann: POSCO Transaction Complete, page-149

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  1. 524 Posts.
    lightbulb Created with Sketch. 276
    They are telling you the net proceeds amount and in brackets, spelling out that $8.4m usd was previously paid.

    i.e. they will receive $280m but the net proceeds are less $8.4m due to tax instalment. Therefore, technically they are receiving $271.6m.

    Bloody hell its not rocket science!
 
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