GXY 0.00% $5.28 galaxy resources limited

Wow. Just wow. So many wanted the company to update the...

  1. 594 Posts.
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    Wow. Just wow. So many wanted the company to update the shipments.
    When it does, hysteria.
    If the contract price is $100 less in h2, its equal to $1.5m less to the books for the year. It can't be more than 100 because that would be less than ajm and pls contract price. If the contract price is so bad, why are the chinese buying the mines. Get the picture?
    The difference is about 1c in the SP.
    If you look at the short numbers of each day, they are buying up the retailers shares. They sell 30% to force it down and buy back 60% or more.. The retail shares are made up of scared, stop loss and margin call. Each day they force it 2-3%, after five days they pickup stop losses.
    The Chinese and short sellers are buying, while retail are selling. Think about it. Why would they do that?
    Take the SP value and minus the cash in hand. All three mines are less than AJm and pls. The Chinese want to buy more, how odd.
    Many are angry. That comes from fear. The fear that you will have less. The assets are worth more than the SP value. The cash in hand is almost equal and making good profit. What's the fear?
    Do you think the Chinese are buying mines so they can go broke together? Hello.
    Anthony said. .. get over it. He's not running the business, he's been on the road. Most of his time is overseas. You have the right to be angry. He said many things that have not met time line. The SP does not justify the value. A low SP is the only way short sellers can cover from retail. The smart money will be buying.
 
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