GXY
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0.00% $5.28 galaxy resources limited

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  1. asb83
    5,798 Posts.
    lightbulb Created with Sketch. 1155
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    23/10/19
    11:51
    Post #: 41027450
    "We are valued well under yearly revenue".. Umm, it's profit that the market cares about for resource stocks. This isn't a tech stock where revenue is king.

    I'm not so sure that US$550 USD is "conservative". GXY got a paltry USD$580 last time they released pricing, which was embarrassingly below what its peers were getting. I'd say US$550 going forward is quite ambitious given that the price of lithium is tanking pretty much on a daily basis.
    GXY Price at posting: 85.0¢ Sentiment: Buy Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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