Maybe there are other factors that im not seeing but I don't get why no one else seems to understand this!!
Even a relatively small $20m buy back as a warning shot to everyone that GXY is a big dog in the lithium space and this dog has teeth. Anyone interested in investing in lithium better look at us because we bite back.
and with much more cash coming in v soon you'd be mental to continue to short any company doing potentially ongoing buy backs.
We have the tools right now to put a stop to this.
The discussion could potentially turn from 'why is the sector down 50%?' to 'why when the sector is down 50% has GXY managed to stay level?'
and there would be a very clear answer..
A. Because GXY unlike others has no debt, is making money and has a solid long term play therefore they can't really be shorted'.
....ohhhh I see, well maybe I'll chuck a few bucks into this one as a LT shot then
- Forums
- ASX - By Stock
- GXY
- What is behind our Galaxy's falling share price?
What is behind our Galaxy's falling share price?, page-98
-
-
- There are more pages in this discussion • 745 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GXY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online