GXY galaxy resources limited

trading halt, page-47

  1. 12,617 Posts.
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    hard call - as we don not know all factors

    by the time we get "positive cash flow" and the JV being 70 % (altogether at least 12 months if not longer away) things would have moved on and the same deal may no longer be on the table - be it that LI1 is in a stronger position or found another partner for the Li brine (very likely scenario looking at industry consolidation) ?

    Sometimes one has to "pounce" even if the timing isn't quite perfect or the price "ideal"

    But we armchair SH always know better it seems - and I should know because quite frequently I feel that way just to be proven right or wrong !

    So let's stick with information as it is presented and I'd say there will be a couple of serious research reports out soon as well.
 
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