GXY 0.00% $5.28 galaxy resources limited

Ann: Quarterly Report - March 2019, page-470

  1. 13,424 Posts.
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    To be frank I not convinced communication has had anything to do with the current shareprice, the Company would be in exactly the same position it is now regardless of more updates or less....Its been in a bear market in Lithium stocks and very few producers are thriving....IMO the problem lies just as much with those who have had expectations set higher than the current market conditions could reasonably expect to deliver and are disappointed, some will have purchased in the hype driven bull market in 2017 which wouldn't help their mood. IMO.

    Traders like regular updates as it gives them a chance to trade a pip or two but the Company is doing what most do and operates quarter to quarter with material events for presentations in between.

    The Company is currently in very good shape being well cashed up , no debt and with a producing mine providing cashflow, that leaves it free to extract the maximum value when the market improves, not take a low offer when the sector and moreso Brine is a little out of favour.

    IMO the Company was very overvalued 18months ago and is probably very undervalued now based on future potential, which is more or less what happens in the cyclical nature of various sectors...

    Cheers Whisky
 
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Currently unlisted public company.

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