GXY 0.00% $5.28 galaxy resources limited

what are the chances of a capital raising?, page-5

  1. 7,640 Posts.
    lightbulb Created with Sketch. 618
    One has to be realistic here. We are burning cash every quarter and not selling anything this quarter. Production has halved.

    The sp is on an upward trend despite the fact it is not all well at GXY. If we can raise good coin at 80 cent to get SDV into production then why not? This year is going to be a tough one we know that and it is a high possibility that we may head back to 80 cents given the global economical outlook and the lithium sector this year.
 
watchlist Created with Sketch. Add GXY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.