GXY galaxy resources limited

Citi upgrade GXY to BUY..., page-82

  1. 1,525 Posts.
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    Hmm.. interesting... contagion in lithium sector affects everyone generally..... maybe I'll go off lithium for awhile..... once it settles, then we can see upwards, but you could be correct due to such a massive dilution, thus affecting share price to 20c over next few months.....

    it's nearly end of June and GXY only did a couple of shipment.. can't really see much jump in revenue this FY.. maybe FY18 will be better with nett profit target of $40-60M... but then CR could happen due to SDV, and would see massive dilution... because SDV needs like $500M... SP will tank... as history repeats itself.
 
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