GXY 0.00% $5.28 galaxy resources limited

Ann: Quarterly Activities Report - June 2019, page-127

  1. 8,033 Posts.
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    You have been wrong so many times It would be wise not to post at all.
    Current conditions are low spod price and high cash spend.
    things must change for sure...
    Another 6 months of this and work on projects will be pointless
    As there is no chance on full funding of either new projects with debt.

    So what is left....A massive CR or some sort of merger under shocking conditions
    or selling off the rest of the SDV.
    Things have to change...and the SP will as well.

    That is unless the Chinese decide to throw lithium miners a life line
    I have seen it in other sectors...when things look bleak the raise they sales price for awhile.
    once a number of projects get an injection of cash they drop the sales price again.
    Too me the Chinese are Galaxys best hope


    Cheers
    Last edited by colinchi: 16/07/19
 
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