GXY 0.64% 77.5¢ galaxy resources limited

change of substantial shareholding

  1. 1,284 Posts.
    Does anyone have views on the 48 page document, isssued at 10:21 on the ASX website:
    http://asx.com.au/asx/statistics/todayAnns.do?

    The title of the ann is "ceasing to be...." but it appears that UBS is going to be a "prime broker" or something. This is a legal document that I simply do not understand. Any views most welcome, but it may well explain the many-weeks-long selloff.

    This company has nothing but a rosy future, so the downward movement of the sp had to find an explanation somewhere. Is this it? Cheers
    ST

 
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