GXY 0.00% $5.28 galaxy resources limited

almost a million at the close, page-2

  1. 4,545 Posts.
    lightbulb Created with Sketch. 693
    Market up another lazy 89 and poor old GXY stuck in the mud. I see SIR still going crazy and that company does not even have a JORC statement yet.

    Here we are with a mine, a plant and another mine overseas (BFS stage) with fantastic metrics yet we are being overlooked.

    The question the market wants answered before piling back in is, have we got a PROFITABLE Business Model. Is the commodity we sell in DEMAND. Can we start making money BEFORE extending ourselves into too many ventures (battery plant).

    Operating cash flow first ----reduce debt. Build up Working capital.

    Frustrating, however I am well aware the WHOLE mining/resource sector is down heavily. we are not alone
 
watchlist Created with Sketch. Add GXY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.