GXY 0.00% $5.28 galaxy resources limited

Ann: Conference Presentation, page-15

  1. 6,066 Posts.
    lightbulb Created with Sketch. 882
    Was just reading this conference and noticed the chart at the beginning where the SP tanked after first shipments in January and continued to decline until only a few months ago.

    Can anyone explain why this is?

    My best guess is the shorters knew the company didn't have enough cash to continue operations during the ramp up and punished the company until the raisings/debt facility were completed?
 
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