GXY (ASX) Ann: Becoming a substantial holder from MUFG

Originally posted by Thesi ↑

Coincidentally that is the same amount of $$$ that FMC Lithium / Livent Corp are seeking for 10% of their business.

The current market price is probably a number of things, and have seen some great commentary on here over the past day.

One thing that stands out to me is that clearly the market hasn't followed the Hot Copper rules if Do Your Own Research.

There is so much information online that draws together what Galaxy and its partners appear to be up to.

It's right there, glaring in the face of you do some research using a few key words.

Anyways it is what it is and we get to buy some more fairly cheaply.

I must confess I have become a little concerned that we might be seeing a potential take over, though it always comes back to the point of would the holders accept it?

I don't think they would, though I don't know everyone's situation.

Galaxy tends to get hammered pretty hard and it makes me wonder at times why.

Are the people with a gazillion dollars pounding it... Or is it just a crap stock?

I don't think it's the later, so the question is, why are they hitting it so hard when all the ducks are lining up?

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Good point Thesi. The short-selling activities of Morgan Stanley are obscenely high. M.S. is borrowing large-volumes of shares (from JP Morgan our major shareholder) for the sole purpose of dumping them on-the-market to frighten us retail folk into selling our shares after the plunges they induce, so they can buy-back lower & return them to who they borrowed them from (JPM who are advising Galaxy behind the scenes) at a profit. I've been using the artificially low-prices to buy at bargain levels..as many other Galaxians stated they were yesterday. $2.89 seemed to be the favourite number yesterday as Morgan Stanley were unable to force it below..too many of us buyers standing-up to the bullying parasite I won't say more because when I get too-critical of the banks complaints seem to flow & my posts get deleted as occurred yesterday :/ Sorry to anyone I couldn't reply to..as I was gagged. However any further short-selling below $2.89 and I will continue buying GXY. As Baron Rothschild famously said "Buy when there's blood in the streets..even if it's our own".. We can sell in boom later..I buy in gloom & hold my nose LOL