GXY 0.00% $5.28 galaxy resources limited

rockwood holdings agrees to acquire talison, page-17

  1. 1,989 Posts.
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    Mike,

    I don't think a takeover would get to $1.55 in the immediate future. We need to stay under the radar long enough for the carbonate plant to start making positive cashflow. Then the share price will recover to over $1 and maybe after that a takeover would be higher than the $1.55 mark. Please don't say the acquisition word! The market would punish us to 5c! You could always average down and buy at sub 50c? If you bought as many shares as you already have you'd only need the price to reach $1.05 to break even. Then again I'm not a financial adviser! Loads of potential in this company still and the market is ignoring all of it. Best of luck.

    Salty.
 
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