GXY 0.00% $5.28 galaxy resources limited

Don't get too excited, page-90

  1. 5,808 Posts.
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    Well I'm not sure how the economics of any undeveloped lithium asset can improve given that you have producing assets either sitting idle or reduced production rates. But hey, even if they did improve, why would the share price move? It's still an undeveloped asset in a market with massive oversupply. Remember a while ago when GXY upgraded Mt Dudlin from the size of a baby ant to the size of an adult ant and were left aghast when the share price went down.. This should play out similarly, IMO.
 
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Currently unlisted public company.

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