GXY 0.00% $5.28 galaxy resources limited

quarterly soon, page-3

  1. 350 Posts.
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    You are right - a dilution is the main risk in the short term to the stock price. We will see whether Iggy's comment that capital will only be raised at a premium applies. Additional Funding has to be secured - they have already flagged a $30m convertible to a strategic Chinese investor.

    The move down today was well within the bounds of a strong uptrend and dwarfed by recent appreciation at strong volumes. It has been a good stock to trade. Obviously further falls could change this situation.

    With funding secured (the quarterly will confirm), long term the company is in a good position. Potentially very attractive to Chinese interests.

 
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