GXY 0.00% $5.28 galaxy resources limited

ann:vol suspension update, page-26

  1. MrQ
    5,148 Posts.
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    You generally find that a positive election result will cause a mild upswing on ASX in general.

    In this case, with the significant sovereign risk involved in Australia, overseas investment in mining has been subdued. If you ascribed say a 10% to 15% additional risk to an investment in Australia due to the Fed Govt, you can see if that was risk essentially mitigated by a new Fed Govt coming on board that more $$$ would flow into Australia. See snigmac's comment on the overseas view of Australia.
 
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