GXY 0.00% $5.28 galaxy resources limited

short and distort, page-125

  1. 2,201 Posts.
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    Worth lodging your $1 buy then, just in case..get yourself top of the queue down there because it wouldn't stay down there very long..I'd definitely be filling Santa's stocking..A quick calc' of the market cap Vs cash in the bank reveals the insanity of such a sell down..Galaxy has also done very well on their investment in Lepidico..the market has ignored that too..it's an asset that could be cashed if needed..so many assets..aside from the cash-hoard..this one is now a no-brainer but you're right..it could go lower..however only a reckless gambler would sell around $1.50..upside is far higher than downside. With a bit of luck you'll time your re-entry just before this artificially squashed coiled spring is allowed to take off back up unhindered. Good luck to you wherever you decide to invest..
 
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