Australia's largest stock trading and investment forum Australia's #1 stock forum

GXY

Click for more information

0.00%

$5.28 galaxy resources limited

Ann: 2017 Half Year Financial Report, page-140

First 140 Last

Share
Profile

Follow
Alterego1168

1,525 Posts.

17

30/08/17

22:14

Post #: 26879613
Share

Originally posted by Alterego1168 ↑

What lying? I've been looking at this stock when it was like 45c preconsodation or $2.20 post consolidation.
And could see the numbers weren't right which is why there has been a downward trend..

Sure there are traders that trade the ups and downs depending on market sentiment but the trend is pretty clear overall.. which is down since beginning of this year.

And lots of holders always wondered why the heck share price drop on every shipment but it was pretty clear based on continued losses.

Again, while they are making gross profit per shipment now, but this does not include finance costs, and other expenses and so I would expect that the next quarterly to be negative.

I like looking at margins as it gives an indication of how profitable one is.. I don't mind trading the swings but fundamentally, GXY is still losing money at this stage.

Expand

Here is the loss . The brackets means Loss if you don't know accounting.

Note: This excludes the prepayment revenue and expenses

GXY Price at posting: $1.76 Sentiment: Sell Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

CHM

Leukaemia patient shows complete response in Chimeric Therapeutics' latest trial

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

There are more pages in this discussion • 63 more messages in this thread...

First 140 Last

Add GXY (ASX) to my watchlist