GXY 6.40% $3.51 galaxy resources limited

Ann: Trading Halt, page-97

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  1. 770 Posts.
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    because on the completion of the deal we are $1.12 CASH BACK. The at risk component is $1 or 400m . That covers 3 assets - 1 producing 100m a year, 1 that is copy paste operation but with larger resources and 1 that is world class lowest cost percentile producer of high demand industry.

    More importantly, how will shorters reverse their 100m shorted positions when it only trades 3m a day? its going to take alot of days to reverse that position and therefore a spectacular rally.

    On top of that, this trading halt isnt simply about deal completion... Something more will be announced.

 
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