GXY 0.00% $5.28 galaxy resources limited

Will Galaxy Resources reach $1.00 by the end of the year?, page-90

  1. nht
    1,717 Posts.
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    if SP doesn't matter then what are we discussing here?

    you made an effort to write a decent response so I ll give it a go.

    SP matters. GXY isn't a corporate giant that can fund a project like SDV on its own.

    GXY needs projects like SDV and perhaps more to mitigate/diversify risks associated with brine operations. for that GXY needs funding and SP becomes really important.

    don't need to say that market knows Li demand is suppressed and is not rocketing any time soon.

    if GXY misses another Quarterly Targets, SP will come under more pressure. remember last quarterly smashed $1.80 support and SP ended up at 1.40ish. only speculation over a takeover spiked it back to $1.80

    question is what GXY can announce to support the SP? not much by my reading of current situation
 
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