GXY galaxy resources limited
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If we use history as a guide we could be in for a...

  1. Maxi II
    1,141 Posts.
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    17/01/13
    08:27
    Post #: 11299471
    If we use history as a guide we could be in for a recovery/bounce.

    The Mt Caitlin setback/closure in Jul/Aug pushed the price down to similar levels 40c. The recovery in Sep/Oct was to 50c-60c (25%/50% approx recovery). That is the level of reward the market offered for holding in a time of uncertainty.

    Nothing is guaranteed in the market, but my thoughts are that some form of price/business recovery is more probable than not.

    GXY Price at posting: 13.6¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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