GXY 0.00% $5.28 galaxy resources limited

1.10 could be the next leg down, page-2

  1. 3,002 Posts.
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    i have seen this riddle before..

    $4, $3.60, $2.50, $2, $1.8, $1.6, $1.50, 1,30, $1,10 , 90c, 70c, 50c, 30c, 10c ??

    Mapping that against market cap just for fun
    https://hotcopper.com.au/data/attachments/1612/1612357-3da8a375f997381ca274a8ce1858b397.jpg

    so moneymaker thinks all the assets are worth 38m.

    I suppose some lucky buyer will soon have his shares... Hoping that's me, its like winning a lotto at 1.1 a.k.a moneymaker

    For what its worth, markets are going to turn and everybody's favorite stock to sell will go down, but its hard to push something below its book value so in a down-turn GXY is probably the safest thing next to gold

    *I have also not accounted for tax but tax paid is an offset later on so it has a carrying asset value. Purpose of the post was to see if ive answered the random sequence riddle


    Last edited by sf120: 26/06/19
 
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