GXY 0.00% $5.28 galaxy resources limited

Thanks for putting your ideas and research out for all to see....

  1. 1,451 Posts.
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    Thanks for putting your ideas and research out for all to see. Much nicer than others who simply rubbish a company with nothing to back it up. So as surfarosa said your figures are based on Mt Cattlin alone so we can take your shorting strategy of $2.60 as the price that Mt Cattlin brings. Someone else reminded us of your time at TAW doing a similar thing stating that the SP was overvalued since the SP was above the NVP. I remember that we had a difference of opinions then (No need to say who was proven right in regards to the future direction of TAW’s SP). You kept on about how you use the NVP for resources not in production to determine its value.
    Here is a reminder https://hotcopper.com.au/posts/29523224/single . So if we add some of the NVP of SDV which is $1.4 billion (can’t remember if that is Aussie or us) and let’s look at James bay, not sure if we have a NVP yet but since it has twice the resource size of AJM when it’s NVP was about $400 million, that figure would not be far off. So let’s say they have a combined NVP of $2 billion and we take half that value to contribute to GXYs worth, divide that by 400 million shares we get we get $2.50 a share. Then add that to $2.60, we get a fair value of $5.10. Now how does that look in your shorting strategy. Good luck with it, please stay the course on your shorting strategy.

    Now like last time in TAW you will come back with lots of different methods of valuation to suit you cause. You better check what you wrote back then so it is not so easy to dispute your methods with your own words.
 
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