GXY 0.00% $5.28 galaxy resources limited

Sell sell Sal De Vida, page-10

  1. 1,029 Posts.
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    @bilulu. Yes it was discussed at the AGM and the Chairman suggested it would be countered by promoting the current value of the assets, ie they are worth significantly more than what the current share price reflects. He also stated that GXY is the most shorted stock on the ASX, the biggest shorter being a hedge fund out of NY whom probably doesn't even know that GXY is a lithium producer.
    As to SDV sale, it was inferred that it is for sale at the right price and until that price is met GXY are very comfortable continuing to develop it, adding value. They stated they have more than enough capital to develop JB and SDV in parallel.
    Last edited by RTFQ: 29/05/19
 
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