Shorts have no reason to cover.
Galaxy cannot make money with Mt Catlin
They have to develop the SDV project.
They have to fund it themselves.
They do not have half the cash required.
There will need to be capital raising.
It will depend on the spodumene price
What these raisings will be at.
At current price under $1 looks certain.
Cheers
Why the GXY share price should rise tomorrow, page-139
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