GXY 0.00% $5.28 galaxy resources limited

There are some good posts today. The SP has nothing to do with...

  1. 599 Posts.
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    There are some good posts today.
    The SP has nothing to do with the report. Shorters have been trying to push it down since Jan regardless of news or not. They have been trying to close their 1.60 positions, they can't. The shares are not there, Ausbil has them. They can only get shares off retailers.
    The company is today bigger and more profitable than anytime before.
    Galaxy Market cap is today worth 50% in cash and shareholders are selling. Okayyy....
    My guess is partners wanting in on SDV would also like to be in JB as well, especially if they miss out. In effect, Galaxy has sorted partner for both projects at once. All interested parties are now visible.
    In regards to dividends, NO. It would end up taxed and on ex date, no benefit.
    A share buyback would do more good. It would take shares off market, making them harder for shorters to use. The shares can be used instead of future options or writing new shares. Share holders want a higher sp more than a dividend and the share pool doesn't increase. A buyback at 2s would be the way to go. 3% of shares is only equal to two months of production, so the funds are there. No dividends, share buyback YES.
 
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Currently unlisted public company.

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