GXY galaxy resources limited

Banter and General Comments, page-2329

  1. 2,201 Posts.
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    Great point @Thesi . A full takeover would've always been in the back of the minds of POSCO Board..a view to gain/control the entire SDV resource. From their point-of-view they'll be asking themselves do they need Galaxy (a hard-rock mining company with zero track-record of producing lithium from brine) to extract lithium from Argentina. POSCO has all the muscle/power it needs to negotiate with a shockingly incompetent/corrupt Argentina Government that sinks from financial-economic crisis/debt into ever deeper ones..and good luck to POSCO with that, especially if they lob the right takeover-offer our way I'd be happy to take $3.50 + early in the new-year without having the political-risk that is Argentina hanging over my investment.

    Great posts from a set of quality posters this week. If GXY does get taken-over (for a fat premium) then i hope to engage with y'all on some other great battery/minerals opportunities Just one thing with regards to @Torqueconverter ..GXY has been one of the most shorted stocks on the ASX..fuel'd no doubt by a lack of communication/PR from our BOD during the assaults..But that's no reason to avoid buying the stock which i did heavily down near $2 last month..The reason it's spent lengthy periods below 'technical' levels such as Moving Averages is because the price has been manipulated by parasitic financial insto's..Wise to pay more attention to the fundamentals. We are part (fellow) owners of a rare bullet-proof cashed up company with in-demand assets and i'm not selling until the SP is way higher..I'll continue to buy the exaggerated oversold dips and hurt the likes of Morgan Stanley at every opportunity,.buying when they desperately need to cover. DYOR and GLTAH
 
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