GXY
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0.00% $5.28 galaxy resources limited

Ann: Galaxy and POSCO Sign Binding Agreement for US$280 million, page-67

  1. philipg
    785 Posts.
    lightbulb Created with Sketch. 144
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    28/08/18
    16:06
    Post #: 35240309
    Which means $500m in the bank.
    $1.2M market cap
    Values the rest of Galaxy{inc LPD stake] at $700m
    So we have an asset worth $700m returning $160m profit a year!
    We are trading at 5x PE.

    Hopefully, this will change by the end of the year.
    Looking forward to Thursday and maybe an ANN about SDV offtake agreement and other news??
    GXY Price at posting: $2.93 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 13  Upvote
    lightbulb Created with Sketch.  Great analysis
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