What happened Gxy ASX?

What happened Gxy ASX?

As per the agreed terms, all the shares in GXY have been transferred to ORE, and the Scheme consideration of 0.569 new fully paid ordinary shares in ORE has been issued to qualifying shareholders for every GXY Share held by them on 18 August 2021 at 5PM (Perth time).

What is Gxy ASX?

Galaxy Resources Limited (GXY) is an international S&P / ASX 200 Index company with lithium production facilities, hard rock mines and brine assets in Australia, Canada and Argentina. Galaxy is focused on the staged development of its flagship brine project, Sal de Vida in Argentina.

How do I buy orocobre shares?

How to buy shares in Orocobre

  1. Compare share trading platforms.
  2. Open and fund your brokerage account.
  3. Search for Orocobre.
  4. Purchase now or later.
  5. Decide on how many to buy.
  6. Check in on your investment.

What is Galaxy Resources called now?

On 19 April 2021, Galaxy announced that it had entered into a binding Merger Implementation Deed with Orocobre Limited (Orocobre) under which the two companies will merge via a scheme of arrangement under Part 5.1 of the Corporations Act.

What happens to my Galaxy shares?

In accordance with the Scheme, all Galaxy shares have now been transferred to Orocobre and eligible Galaxy shareholders have been issued the Scheme consideration of 0.569 Orocobre shares for each Galaxy share held on the Scheme record date.

Is orocobre a good buy?

Orocobre isn’t currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. When a company doesn’t make profits, we’d generally expect to see good revenue growth.

Is pls a good investment?

High Growth Earnings: PLS’s is expected to become profitable in the next 3 years. Revenue vs Market: PLS’s revenue (49.8% per year) is forecast to grow faster than the Australian market (4.8% per year). High Growth Revenue: PLS’s revenue (49.8% per year) is forecast to grow faster than 20% per year.

Is Pilbara Minerals a buy?

That underlines Pilbara Minerals’ status as a key supplier to the global lithium market. In FY21, the company’s shipments more than doubled to 281,440 dry metric tonnes. In line with that sentiment, analysts at Macquarie Group have put a “Buy” rating on the Pilbara Minerals stock price, with a $3.70 price target.

Is orocobre a good stock to buy?

Orocobre isn’t currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. Over the last twelve months, Orocobre’s revenue grew by 10.0%. That’s not great considering the company is losing money.

Who owns orocobre?

Borax Argentina owns one of only a few important borate deposits globally that are in production. Borax Argentina operate three open pit mines in Tincalayu, Sijes, and Porvenir located within the Jujuy and Salta Province in Northern Argentina.

Why is Galaxy Resources share price dropping?

The Galaxy share price is sliding lower today after the company updated the mineral resource and ore reserve estimates for its Mt Cattlin operation in Western Australian. The company noted that mining rates have increased from 200k BCM per month in 2020 to 324k BCM per month in February 20201.

Will Galaxy Resources (GXY) stock price rise or fall?

The Galaxy Resources stock price is 5.280 AUD today. Will GXY stock price drop / fall? Yes. The Galaxy Resources stock price may drop from 5.280 AUD to 5.276 AUD . The change will be -0.0797 %. Will GXY stock price grow / rise / go up? No. See above . Will GXY stock price crash? According to our analysis, this can happen.

Are GXY shares good for investing for making money?

Currently there seems to be a trend where stocks in the Basic Materials sector (s) have been popular in this period. Our Ai stock analyst implies that there will be a positive trend in the future and the GXY shares might be good for investing for making money.

How often does walletinvestor update GXY stock projections?

“GXY” stock predictions are updated every 5 minutes with latest exchange prices by smart technical market analysis. Q&A about “GXY” projections. At Walletinvestor.com we predict future values with technical analysis for wide selection of stocks like Galaxy Resources Limited.

What percentage of GXY’s shares are held by its shareholders?

The Top 20 Shareholders of GXY hold 61.13% of shares on issue. As reported in the most recent Annual Report. A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company.