GXY 0.00% $5.28 galaxy resources limited

AGM, page-44

  1. 1,658 Posts.
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    You're missing the main point here.
    New status, exiting from "penny stock", to a sp valuation that meets the needs of bigger instos is exactly what Galaxy needs. More instos taking a long position with the aim of benefitting from the onset of 2 new key assets.
    Basic maths tells you there is (at least) a tripling of share price to come on.
    In reality, both new assets will prove to be twice as profitable as Mt Cattlin.

    Listing on more exchanges, attracting instos that operate in those markets is another factor.
    The float has too many loose shares.
    Soak it up by exposing to more buyers who can buy it more easily.
    Shorting become technically a little more difficult and supply of those shares could become more constrained.

    HKSE is one of the most liquid exchanges in the world.
    Initial HK investor positions taken could easily re-rate and set up a new base price well above our recent highs.

    Already the biggest lithium pure play by market cap, it would exponentially increase exposure,
    and get taken more seriously by the big investing houses.
    Being even closer to the Chinese lithium markets is a very good thing.

    If you don't see the positives - well you're not looking very hard.
    There are no other companies in Galaxy's position right now.
    Pure play - producing, 3 assets,100% owned.
    This is good management at work.
    Stand back alterego and watch them do their thing.
 
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