GXY 0.00% $5.28 galaxy resources limited

Read a few post today. The cash in the bank is $200mil US or...

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    Read a few post today. The cash in the bank is $200mil US or $280m aud. Market cap today is $749m aud. It is what it is.
    SDV was measured and np value put on at $2b aud. The entire company value is less than SDV. FMC tenement next door is about the same as SDV but valued more than all of gxy. No, it doesn't make sense.
    The most perplexing is why the company haven't addressed the SP issue. FMG, HVN and Tesla were vocal about their shares shorted. AT made a joke about it with Tiggy. Now would be a good time for share buyback. $10m would take nearly 3% of shares off market. Shorts would need to increase to 20% to control the SP. Its equal to only one month production.

    Its nearly one year now, since the Posco sale was announced and no one knows if the test pond is completed. On Dec 28, Posco settlement was announced, after Jan. They should have known the judge was away. Why is the company drilling again, when it has 40 years? No one here will be around.
    How is the construction going? SDV JV will go forward before end of year. Its with whom and how much. Posco will spend $1b just on construction, so SDV is worth alot.
    The chinese just signed a $2b contract with Bolivia, out bidding India. India has no supply currently and their ev parts will be imported from china.
    Canada and US will want JB to go ahead. The autos will need supply and they will not be importing from china. SK and Tesla will also want JB to succeed. The juniors can't get funding.
    The cash can last for along time, a few years. By that time the projects will be nearly completed.
    Maybe AT envisioned the shorting and banked the cash to protect the company financially. He knows how the chinese and lithium market works and will not be dictated to. We know Panasonic have interest in GXY. Its chemical supply everybody wants. The chinese can't export EVs with low quality batteries. Only Japanese and Koreans produce quality. Varta is German, they have no secure supply. Maybe gxy spod is will go to ex china customers. Our chinese customers will lose sales while they wait for a cheap supply. All the Australian spodumene mines are under contract. Gxy can afford to send later.
    Now would be a good time for AT to be vocal.

    Someone wants GXY at a cheap price. If the SP go up, they lose. If they can't get control, the also lose. HC make little difference. Ausbil will lose 9% or short sellers lose 9%. Retailers are just casualties.
 
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