GXY 0.00% $5.28 galaxy resources limited

111m shares traded pre-open, page-20

  1. 22,120 Posts.
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    I followed RDR as a stock trading below cash backing with great assets that was being pummeled down by a big desperate seller

    I then simply watched as Vanguard sold and then would see how many they had left when you read the Change in Substantial Shareholder notice" they would lodge

    Initially I was drawn to GXY as a cash box play but then was wondering why the SP slide, as soon as I saw it was Vanguard sellling again my attitude was wait for them to be taken out then take a serious position.

    Vanguard had 83M shares left to sell as at last GXY notice
    JP Morgan hold it on their behalf as a broker

    Given the volume was 111m it would imply that someone else with 30M was also taken out not sure who what is

    RDR took a day to get going

    I would expect GXY will do the same taking the weekend for people to realise whats happened
 
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Currently unlisted public company.

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