GXY 0.00% $5.28 galaxy resources limited

Ann: Trading Halt, page-111

  1. 26 Posts.
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    I agree, a sudden jump to $4.87 is a little ridiculous simply based on the release of POSCO news on Wednesday. It is, however, far more likely that it will trend upwards over the medium to long term.

    asb83 you should consider the following quote: "Sentiment drives daily price, fundamentals drives long-term price."

    The finance world currently has a very negative view on Lithium. Point and case the current short position.

    However, Lithium's fundamental market is still strong over the long term. Properly crunching the numbers points to GXY currently being serially undervalued, no two ways about it.

    I do enjoy your negative views asb83. It encourages me to routinely check my model to ensure that my inputs are both reasonable and rational.
 
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