GXY 0.00% $5.28 galaxy resources limited

Ann: Trading Halt-GXY.AX, page-394

  1. 2,768 Posts.
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    I think it will go up, but it's going to be an up-hill fight all the way. Initially, if a successful GMM takeover occurs, it may hover or even go down a little before resuming upward momentum. IF there is a large multi-national etc. waiting in the wings, expect it to be battered repeatedly, to try and keep the share price under control, until they are ready for their takeover attempt. It is not unusual for those T/O's to turn into bidding wars with Lithium either. Rockwood/Albemarle/Tianqi etc.
    Last edited by shades2: 28/05/16
 
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