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$5.28 galaxy resources limited

Ann: 2019 Half Year Results Presentation, page-47

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Mundo122

10,090 Posts.

1207

30/08/19

08:26

Post #: 40233406
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Originally posted by colinchi ↑

Just my thoughts..Of course some will disagree

Now Galaxy has spent another $28 million on A40
If they do indeed take over A40
Cash will be down at least that amount.
If there is another offer it could cost another $20 million.
and others debts may get 50 cents in the dollar.
There have also their initial investment gone.
Cash appears to end up around $100 million this quarter.
With the extra cost of handling A40s mining operation.
That may see the begging bowl be handed around within 9 months.

I did think if GXY were tight with their money they could have enough cash
to last 18 months or more...outlasting quite a few...Now that is shot.

Sales Dropped to $587 this quarter and Spod price is still falling
Shows Contracts are worthless.

Simply put ...This looks a poor investment to me and has for some time.

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Lol no idea.

GXY Price at posting: $1.18 Sentiment: Buy Disclosure: Held
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0 Great analysis

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