GXY 6.40% $3.51 galaxy resources limited

Ann: Trading Halt, page-81

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 394 Posts.
    lightbulb Created with Sketch. 29
    IMO, confirmation of US $280 million in the bank from escrow account or completion of the well published deal (for the sale of northern tenement) do not actually warrant a trading halt.
    The impending announcement on Tuesday may include a special one off dividend or shares buy back scheme (using part of the proceed) and boards' intention / strategy for the development of SDV.
    Any distribution of "surplus" cash will send the shorters packing.
 
watchlist Created with Sketch. Add GXY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.