Hi Sukurio, I can see that there would be some beneficial aspects to a consolidation, as a share price for Galaxy @0.425, seems so totally wrong on many levels, and undermines the Company value so much so, that a lot of retail investors may be hesitant to invest at present levels, until Galaxy begins to tick a few more of its boxes for them.
Whatever happened to the share prices across the lithium sector, we can always bet on the market manipulators having had a big hand in all of those pies,
and I agree with you, that they would have implemented their plans to make the most dollars that they could have, out of the recent CR, and their ingenuity knows no bounds imo.
It would be good to see Galaxy elevated out of penny stock status levels, not be looking as though it is more of a speculative buy, set it apart from the other lithium juniors, and have a share price that screams look at me, I'm worth investing your hard earned dollars in. There has been a lot of discussion around the shorting issue, and while I agree that it probably won't stamp out shorting, if it can change the game a bit, as A/C has suggested, and make the trades sonewhat more difficult to execute, then something valuable would have been achieved there. We can never be absolutely sure about the likely share price effects post consolidation, until the process plays out, however, I can see that there may be some profit taking, post consolidation, if there have been some good profits made, and if this does happen, it would only secure better accumulating prices for the rest of us, to continue our investing journey, for the longer term, here at Galaxy. Of course, it is always prudent to monitor our investments at various stages as we go. I can only envision Galaxy rising up to take its rightful position on the lithium major podium, and it needs to look the part, with a market cap, and share price to correspond with this elevated status. I can only see a higher market cap, and higher share prices on the horizon, with everything that Galaxy has got going in the works, and the present and future macro environments for renewables, and lithium pricing, are looking as promising as ever. For those still unsure, and angry about this investment, read as much as you can, and formulate your own opinions. You can always seek professional advice! Second opinions from trusted professionals are one of the tools of our trades.
PS... Pleasant discussion posts are always most welcome, and a pleasure to read.
Blatant attack posts serve no purpose, serve no one here, and adds nothing to our general discussions. Always remember, that if we attempt to hurt others, we will only end up hurting ourselves....![]()
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