GXY 0.00% $5.28 galaxy resources limited

Ann: Annual Report 2016, page-18

  1. 1,525 Posts.
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    I really have no idea why this is worth so much.

    Not much revenue and cash poor

    Is everyone buying this company on hope??
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    Sales are important, and cash is king.

    No wonder they continue to raise capital. It's one way to grow the business.. raise CR, buy plant/equipment and do impair reversal based on their own internal accounting policies. (I prefer the industry GAAP accounting policies)

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Currently unlisted public company.

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