Australia's largest stock trading and investment forum Australia's #1 stock forum

GXY

Click for more information

0.00%

$5.28 galaxy resources limited

BLACKROCK Trillion Dollar Force joins the party, page-5

First 5 Last

Share
Profile

Follow
Facthunter

11,460 Posts.

815

09/05/17

12:56

Post #: 24568206
Share

Originally posted by Sukurio ↑

At the moment it simply means that a wealthy group wants to buy a substantial amount of GXY shares.

What they want them for is to make money. There would be two simple ways to make money this way:
1) Buy lots of the company and torpedo it to make other rival interests more money.
2) Buy lots of the company and invest in it to grow in value.

Of course, because Blackrock Group has such a mass of resources they have the ability to go either way and many ways in between.

For me, I think there is comparatively not far to fall (AU$800M) but a long way to grow. so you can probably guess where I think this is headed. I welcome the news and interpret it as positive.

GLTA

Expand

Do you think either option will include retail?

GXY Price at posting: 46.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

Week 29 Wrap: Trump in spotlight again; China's Third Plenum a yawnfest; RBA's August move a mystery

FG1

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

MCT

Metalicity looking for offers on Admiral Bay zinc project

Talking Australia's very competitive property landscape: Realty Talks

GNX

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

Warren Tredrea’s weekly sports business wrap: the latest on business in sport

IMR

Imricor raises $35M to pursue growth and expansion into Australia and NZ

AI stocks: What to expect in 2024-25

LKE

Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

There are more pages in this discussion • 7 more messages in this thread...

First 5 Last

Add GXY (ASX) to my watchlist