GXY 0.00% $5.28 galaxy resources limited

Ann: Quarterly Activities Report - September 2019, page-161

  1. 768 Posts.
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    I think it's just a matter of a cashed up company opportunistically acquiring assets during the bust phase of the commodity cycle. They may not even HAVE a plan for it, other than the knowledge that they can get it for less than its really worth. Whether they develop it, or just flip it for a profit after the market recovers, is all the same to me.There are probably some economies of scale to be found there though.
 
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