GXY 0.00% $5.28 galaxy resources limited

Ann: Mt Cattlin Update-GXY.AX, page-59

  1. 680 Posts.
    Holy coordinated down-ramping Batman! 

    You can't have it every which way team. You can't have the SP drop 20-30% on FUD of over supply due to unstoppable supply ramp up and then have it drop further when reality sets in that there are almost always delays with any major project. Delays that demonstrate the difficulty generating the very apply that is supposed to flood the market and make SDV worthless.

    It'll now likely be a full shipment delayed by a maximun of around 8 weeks. I don't think any of the offtakers have the inclination or the luxury of walking away from GXY anytime soon...

    Market was well up on the news before shorters had a crack and got zero volume around 39c.

    SP might go up or it might go down, but I for one shall sleep easy tonight.
 
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